Search found 1003 matches

by MindBogler
Wed Sep 30, 2020 9:11 pm
Forum: Personal Investments
Topic: inflation rate over next 5 years
Replies: 16
Views: 866

Re: inflation rate over next 5 years

I have no crystal ball but I am fairly confident that we haven't seen the last of inflation. I have no idea what happens in the next 5 years. I do carry a 30 year mortgage at 2.75% to hedge against the possibility. I also invest in long term treasuries to hedge against deflation. I'm protected to so...
by MindBogler
Wed Sep 30, 2020 6:53 pm
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 18
Views: 1043

Re: Trying to understand logistics of a Backdoor Roth

Do i open a new Traditional IRA, fund it, then a few weeks later (presumably, before April 15th of next year?) [as soon as the funds appear in the traditional IRA] convert it to a ROTH? Yes. What about the following year? Does everything happen in the same account , or will I need to open a new one...
by MindBogler
Wed Sep 30, 2020 6:51 pm
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 18
Views: 1043

Re: Trying to understand logistics of a Backdoor Roth

Why not convert as soon as it settles? The idea is to keep your basis at $6k if possible.
by MindBogler
Sun Sep 20, 2020 11:32 am
Forum: Personal Investments
Topic: Lump sum mortgage payoff at 3.75% vs. invest
Replies: 15
Views: 1025

Re: Lump sum mortgage payoff at 3.75% vs. invest

My current inclination: Mortgage payoff - first and foremost, peace of mind of being mortgage-free. Second, increase in cash flow will still help me increase my retirement saving schedule as I'm not as far ahead as I'd like to be at this age, as well as allow for other things like vacations and eve...
by MindBogler
Fri Sep 18, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting Expenses and Financial Status Checkup
Replies: 8
Views: 603

Re: Requesting Expenses and Financial Status Checkup

I don't mind be the first to comment on the $1000 food bill. My family of 3 (including millennial 200+ pound male athlete) gets takeout maybe 3 times a week since restaurants are not the place to go nowadays. That gives us quite a lot of leftovers, so covers many meals. I am just wondering if you a...
by MindBogler
Fri Sep 18, 2020 6:37 pm
Forum: Personal Investments
Topic: ACATS transfer to IB and missing original cost basis
Replies: 3
Views: 241

Re: ACATS transfer to IB and missing original cost basis

whodidntante wrote: Fri Sep 18, 2020 6:36 pm It's normal that it takes a couple of weeks for your tax lots to show up correctly.
Thank you, I really appreciate it.
by MindBogler
Fri Sep 18, 2020 6:33 pm
Forum: Personal Investments
Topic: ACATS transfer to IB and missing original cost basis
Replies: 3
Views: 241

ACATS transfer to IB and missing original cost basis

I did an ACATS transfer to IB and the cost basis data did not transfer from the source brokerage. The basis was reset to the date of the transfer. I do have this information recorded elsewhere. Being this was my first ACATs experience, is this normal? Will the basis transfer eventually?
by MindBogler
Fri Sep 18, 2020 6:26 pm
Forum: Personal Investments
Topic: Advice re: Long Term Treasury Bond Fund
Replies: 9
Views: 1007

Re: Advice re: Long Term Treasury Bond Fund

I WILL try to talk you out of the believing that predicting what's going to happen to bond prices/yields is easy. There is no objective evidence that we have "hit the tail end of the big rise", that interest rates are "super low", or that "this fund is only going to go down from here". Each of thos...
by MindBogler
Thu Sep 17, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20706

Re: Preparing for retirement in mid 30s

marcopolo wrote: Thu Sep 17, 2020 4:47 am If this were true, landlords would not exist. When you rent, you are paying for all of those things in your rent.
Except on Bogleheads where the only known free lunch is renting in perpetuity. :oops: :confused
by MindBogler
Tue Sep 15, 2020 9:24 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 13293

Re: Is it worth to relocate for retirement?

Ok, the variable you are referring to then is the utility I get from the house. It’s true that that’s higher in the Midwest $1M house compared to the CA $2M house. But that’s at least partially offset by higher operating costs, worse weather, and likely lower appreciation. You need throw out this c...
by MindBogler
Tue Sep 15, 2020 8:57 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 13293

Re: Is it worth to relocate for retirement?

Which variable is that? The home should be roughly equivalent before drawing any comparison. What has been done here is a straw man. I think if one does a reasonable, like-for-like comparison, one will find a $1M home built in many parts of the midwest would cost far in excess of $2M to duplicate i...
by MindBogler
Tue Sep 15, 2020 7:21 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 13293

Re: Is it worth to relocate for retirement?

A $1M house in the Midwest at 2% property tax costs the same as a $2M house in the Bay Area at 1% property tax. Also, the $2M house is $1.5M land and $0.5M house, while the Midwest $1M house might be 80% house or more. Maintenance and insurance costs are therefore higher in the Midwest. You've kept...
by MindBogler
Fri Sep 04, 2020 6:27 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 580
Views: 59187

Re: Why not 100% PSLDX?

I think it depends on the purpose of the accounting exercise. When I am looking at a holistic view of my entire portfolio I consider it to be 100% stock, 100% bonds, and -100% cash. I also display the current leverage amount. When I am doing rebalance calculations I just treat it as 100% US large c...
by MindBogler
Fri Sep 04, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 580
Views: 59187

Re: Why not 100% PSLDX?

How are you all accounting for the percentage of bonds / stocks that PSLDX contributes as a component in your overall asset allocation? 100% stock. Buy a big pile of it and watch it move a while, and you'll agree. I guess I have a problem with this characterization because it isn't 100% stock. The ...
by MindBogler
Tue Sep 01, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 149
Views: 17645

Re: Landlords: How are you doing this year?

Beensabu wrote: Tue Aug 25, 2020 9:54 pm I see. And if your income decreases 50%, what would you call that?
A heck of a lot? :confused
by MindBogler
Sat Aug 29, 2020 2:49 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 580
Views: 59187

Re: Why not 100% PSLDX?

I think the most correct would be to add a negative cash position to your allocation (which would then also give you an idea of overall portfolio leverage). I think treating it notionally as 100% S&P 500 would be more correct than treating it as a 50/50. 50/50 is what I have been using for a "close...
by MindBogler
Sat Aug 29, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 580
Views: 59187

Re: Why not 100% PSLDX?

How are you all accounting for the percentage of bonds / stocks that PSLDX contributes as a component in your overall asset allocation?
by MindBogler
Fri Aug 21, 2020 7:55 pm
Forum: Personal Consumer Issues
Topic: Intermittent fasting: 2 meals to 1 meal a day?
Replies: 23
Views: 2194

Re: Intermittent fasting: 2 meals to 1 meal a day?

runner3081 wrote: Fri Aug 21, 2020 7:41 pm Congrats to you!

I don’t even try to eat normal, I would feel stuffed. Even now, eating a large meal, outside of my brown rice and a small entree at night is too much.
And congrats to you as well! This stuff really works.
by MindBogler
Fri Aug 21, 2020 6:56 pm
Forum: Personal Consumer Issues
Topic: Intermittent fasting: 2 meals to 1 meal a day?
Replies: 23
Views: 2194

Re: Intermittent fasting: 2 meals to 1 meal a day?

I have been doing this for a long time (15+ years), well before the recent interest in it. Water throughout the day 12pm - Granola Bar (Yes, food, but not a full lunch) 5pm - Dinner (which is a fairly light dinner as well) No snacks. First started at the end of college, helped me lose 70 pounds and...
by MindBogler
Fri Aug 21, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: One spouse retiring, lower tax bracket - best mix of Roth/Traditional/Roth conversion
Replies: 9
Views: 802

Re: One spouse retiring, lower tax bracket - best mix of Roth/Traditional/Roth conversion

Your three listed choices are basically the same thing once you take taxes into account. For example, C) allows you to put $x in tax-deferred while converting $x from tax-deferred to Roth. So your tax-deferred balance remains the same. This isn't necessarily a bad thing. Roth conversions can be wit...
by MindBogler
Tue Aug 11, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any Tips for "Splitting" Finances in Married Couples?
Replies: 32
Views: 3291

Re: Any Tips for "Splitting" Finances in Married Couples?

I agree with several other posters that it sounds like what you need is to separate business expenses from personal ones. This is much simpler than creating an elaborate financial system separated from one another: 1. Obtain a business credit card 2. Open a business checking account 3. Use 1 and 2 f...
by MindBogler
Tue Aug 11, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 11347

Re: Convince me not to sell all my US equities to Cash temporarily

Hi Everyone. For context, I'm 36 years old, married , one child. Less than $500k invested (index funds). 80/20 portfolio. I'm having a really hard time right now, not wanting to temporarily sell all my US equities to cash. The way that US stocks have rebounded baffles me and US equities seem comple...
by MindBogler
Fri Jul 24, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 6339

Re: Presidential Elections: How to stay calm?

You should search for some of the threads where people tried to market time based on previous elections. Hint: it ends badly. :oops:
by MindBogler
Tue Jul 14, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of paying off mortgage
Replies: 146
Views: 8964

Re: Talk me out of paying off mortgage

I did a poor job of starting this thread off. I didn't expect things to go that direction. Responses were generally good, but you'd think paid off houses were a leading cause of death if you read this thread. I think you've had answers from both sides of this argument. KlangFool makes his point in ...
by MindBogler
Fri Jul 10, 2020 6:40 pm
Forum: Personal Consumer Issues
Topic: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.
Replies: 72
Views: 4990

Re: Tip Dental Hygienist for Teeth Cleaning?

The hygienist works between several dentist offices so I imagine is not an employee. Will wait for Christmas. Mahalo j :D They are more likely a W-2 employee, working at multiple offices, often with no benefits. You should engage with the dentist and give your hygienist a glowing review. Do not giv...
by MindBogler
Fri Jul 10, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay extra principal on house you do not plan on staying in?
Replies: 19
Views: 1679

Re: Pay extra principal on house you do not plan on staying in?

I think it mostly depends on your age and years until retirement. I would put the money in taxable. I don't see any upside to accelerating a mortgage pay down given the current low rates. I'd rather build the brokerage and be prepared for large tax loss harvest events in the next 10 years. You shoul...
by MindBogler
Thu Jul 09, 2020 8:11 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 580
Views: 59187

Re: Why not 100% PSLDX?

Curious, for those of you who have bought PSLDX, about what % of your portfolio does it make up? I personally purchase as much as possible in my IRAs and use total market funds for employer plans My Roth IRA is 100% in PSLDX and accounts for about 10% of the total portfolio. I made the purchase in ...
by MindBogler
Mon Jul 06, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: Verizon Wireless hassle!
Replies: 40
Views: 4219

Re: Verizon Wireless hassle!

unclescrooge wrote: Mon Jul 06, 2020 12:59 am Why aren't you paying via credit card on auto pay.

Wife's chase credit card has 5x points for phone bills and utilities.
Verizon no longer provides a statement credit for auto pay if using a credit card. You have to use debit card or ACH. I just noticed this change recently.
by MindBogler
Tue Jun 30, 2020 12:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20240
Views: 2763536

Re: U.S. stocks in free fall

I wouldn't personally mind the crash, but I wouldn't want a V-shaped recovery. I would want the market to crash and stay that way for a good 13 years or so then suddenly make up for lost time and duplicate its performance from the 1990s. 8-) Indeed. If the US could go sideways for a spell it will b...
by MindBogler
Tue Jun 30, 2020 10:09 am
Forum: Personal Consumer Issues
Topic: Smell from kitchen sink?
Replies: 24
Views: 1830

Re: Smell from kitchen sink?

Cherry pits with water running work well to clean disposers. They do make a lot of noise though! It's the recommended method I read in my garbage disposer manual years ago. Interesting. I accidentally put a cherry pit down the disposal once and it punctured a hole in the side of the unit. I wouldn'...
by MindBogler
Mon Jun 22, 2020 3:05 pm
Forum: Personal Investments
Topic: Cash out refinancings on the rise???
Replies: 13
Views: 1510

Re: Cash out refinancings on the rise???

For me, the fact that you’re willing to accept that additional level of risk just for investment purposes is troubling. At 38 years old with a paid for house, I would never take the risk to re-mortgage my house just to invest that money. I would say that it’s your decision, your agreement, risk bet...
by MindBogler
Fri Jun 19, 2020 10:44 am
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1874

Re: How often to contribute to Roth?

So you’re saying that investment in Roth should be done only once per year? I.e. if I’m investing in vanguards total world index, just make one purchase one time a year and that’s it? Don’t buy it on a monthly basis? That's exactly how I do it when income limits allow. If you don't have sufficient ...
by MindBogler
Fri Jun 19, 2020 9:58 am
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1874

Re: How often to contribute to Roth?

Mathematically it is almost always best to contribute 1 time. Do it during tax season when you can confirm income limit criteria.
by MindBogler
Mon Jun 15, 2020 4:36 pm
Forum: Personal Consumer Issues
Topic: Flexing your frugality - are 0% loans to friends wrong?
Replies: 54
Views: 3361

Re: Flexing your frugality - are 0% loans to friends wrong?

Don't mingle friends and finances. You'll thank me later.
by MindBogler
Wed Jun 10, 2020 9:19 am
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10289

Re: New construction house - what to consider?

Rough in for bathroom and radon pipe in the basement. Test for radon right away. The OP can have the basement or crawl designed for radon mitigation with an active venting system. Just assume it is there at some level and build accordingly, the cost of mitigation up front will be close to the cost ...
by MindBogler
Wed Jun 10, 2020 9:08 am
Forum: Personal Investments
Topic: When to sell RSUs in strong but struggling oil and gas company?
Replies: 15
Views: 953

Re: When to sell RSUs in strong but struggling oil and gas company?

The correct move is to sell them and reinvest immediately. I recently had a similar painful RSU experience where the shares were worth about 20% of their original value. The whole tranche is now in VTI. I will continue to sell RSUs on date of vest and fill out my taxable account. I don't want any mo...
by MindBogler
Mon Jun 08, 2020 7:51 pm
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 13014

Re: You have a second chance to reduce your stock holdIng

Don't make emotional decisions. Make a plan and stick to it.
by MindBogler
Fri Jun 05, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: Monitoring Performance
Replies: 10
Views: 541

Re: Monitoring Performance

If you just want to monitor portfolio size and composition then a spreadsheet is simple and requires minimal maintenance. If you want to know IRR then it becomes more complicated and you have to have a much better grasp on it (plus meticulous data entry). I personally don't think granular performanc...
by MindBogler
Fri Jun 05, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: Market Euphoria?
Replies: 63
Views: 5212

Re: Market Euphoria?

Did you ever stop to think the big players and the Fed who are running things want to you act on your greed? The free market no longer exists...it is all manipulated. This^^. There's just no way that the stock market deserves to be only 8.5% off the all-time highs. In July, when the expanded unempl...
by MindBogler
Fri Jun 05, 2020 8:21 am
Forum: Investing - Theory, News & General
Topic: Market Euphoria?
Replies: 63
Views: 5212

Re: Market Euphoria?

Interesting stuff. I am pretty skeptical about investor behavior. It was interesting to see that Vanguard-linked research report quoted last week saying retail investors tend to buy at the top and sell at the bottom. Obviously somebody does. The data might not really support that it's us, but there...
by MindBogler
Fri Jun 05, 2020 7:33 am
Forum: Investing - Theory, News & General
Topic: Market Euphoria?
Replies: 63
Views: 5212

Re: Market Euphoria?

tiburblium wrote: Fri Jun 05, 2020 4:55 am There is a voice in my head that is convinced this will never end, and I feel like I am starting to cave.
Don't listen to voices in your head and if this continues seek medical attention. /sarc

This is just another emotion. Follow your plan.

:sharebeer
by MindBogler
Thu Jun 04, 2020 8:20 am
Forum: Investing - Theory, News & General
Topic: A visual illustration of "stay the course" - one "stubborn" Boglehead's journey
Replies: 49
Views: 5775

Re: A visual illustration of "stay the course" - one "stubborn" Boglehead's journey

Great visual and it sort of mirrors my own experience. For awhile I stood there and did nothing. Ultimately, I held my nose, followed the plan and rebalanced from long bonds into stocks around March 25 (proof is in my post history). Over the last few weeks our portfolio has gone positive, well in ex...
by MindBogler
Wed Jun 03, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's expectations of subsidizing her friends' lives
Replies: 82
Views: 4567

Re: Wife's expectations of subsidizing her friends' lives

Being on the same page financially with one's spouse is literally one of the most important things in marriage. If you can't compromise and find common ground then everything else is doomed to fail.
by MindBogler
Wed Jun 03, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1884
Views: 462199

Re: Share your net worth progression

Below is my net worth. I make significantly less than most on here and never really had a good savings plan until I joined this forum a few years ago. 2016: -11k 2017: 4k (debt free) 2018: 18.5k 2019: 43k Current: 75k Have really ramped up my savings rate and have earned a significant amount more o...
by MindBogler
Tue Jun 02, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to remove ex from mortgage?
Replies: 21
Views: 1305

Re: Refinance to remove ex from mortgage?

Refinancing on those terms is a no-brainer. You can continue making the same payment as the 3.875% loan and you will come out way ahead in the long run.
by MindBogler
Mon Jun 01, 2020 12:31 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6436
Views: 596874

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

mt2k wrote: Mon Jun 01, 2020 12:21 pm With the market expected to go down in the near future I just hope that I am not starting at the wrong time.
No one knows what the market is expected to do.

Best of luck!
by MindBogler
Sat May 30, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: The risks of using account aggregators (how they access your accounts).
Replies: 34
Views: 2686

Re: The risks of using account aggregators (how they access your accounts).

It is free so you are the product. Aggregators compromise your security in order to provide a service that practically anyone could recreate in a spreadsheet.
by MindBogler
Tue May 19, 2020 3:37 pm
Forum: Personal Consumer Issues
Topic: Ford F150 Engine long term reliability - V8 versus Turbo V6?
Replies: 86
Views: 6476

Re: Ford F150 Engine long term reliability - V8 versus Turbo V6?

palanzo wrote: Tue May 19, 2020 3:09 pm And as the article points out the valves are no where to be seen. It's GDI also. No thanks.
The 2017 and up Ecoboost has both direct injectors and port injectors which wash the valves at idle and cruise. This is becoming more common on GDI vehicles due to the known issues with valve fouling.
by MindBogler
Tue May 05, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Unicorn mortgage still just a dream
Replies: 29
Views: 4631

Re: Unicorn mortgage still just a dream

We also closed last week on a 30yr at 2.75%, non-jumbo loan. I didn't believe it until the wire came through and paid off the previous lender. It took longer for this to close than any refi I've ever done and included multiple rounds of employment verification (3rd time on day of close). What appro...
by MindBogler
Tue May 05, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unicorn mortgage still just a dream
Replies: 29
Views: 4631

Re: Unicorn mortgage still just a dream

We also closed last week on a 30yr at 2.75%, non-jumbo loan. I didn't believe it until the wire came through and paid off the previous lender. It took longer for this to close than any refi I've ever done and included multiple rounds of employment verification (3rd time on day of close).