Search found 41 matches

by DougS
Mon Mar 09, 2015 6:08 am
Forum: Personal Investments
Topic: What am I missing?
Replies: 8
Views: 1385

Re: What am I missing?

DougS Yes I remember the Janus Fund Janus Fund: Average Annual Return since inception Feb 1970....12.51% S&P 500 Index Average Annual Return since Feb 1970..............10.67%...............Gordon If only I had started investing in 1970. Unfortunately my perspective starts about 1999/2000 after the...
by DougS
Sun Mar 08, 2015 7:51 pm
Forum: Personal Investments
Topic: What am I missing?
Replies: 8
Views: 1385

Re: What am I missing?

The question to ask is will they continue to outperform. There are too many examples (I can give several personal examples) of investing in outperforming funds only to see their performance lag for the next few years. Anyone remember Janus funds? With an index fund, you can guarantee to earn the mar...
by DougS
Sun Mar 08, 2015 7:14 pm
Forum: Personal Investments
Topic: At age 27, how much should I have saved up for retirement?
Replies: 30
Views: 7307

Re: At age 27, how much should I have saved up for retiremen

How much should you? I don't know, but I had less than $10K at 27. Now worth over $1M by early 40s. The point is to develop the habits of saving and investing early. Make mistakes early. The dollars grow over time, but nothing happens over night. It all builds on itself over time.
by DougS
Sat May 31, 2014 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Home security systems
Replies: 27
Views: 6272

Re: Home security systems

I bought a system from Fortress Security for a cottage I have. All wireless. No monthly monitoring cost. It emits a loud siren if a sensor is tripped and calls your cell via a wi-fi network. Total cost was a couple hundred dollars. With no monthly monitoring costs, I was able to add in security came...
by DougS
Wed Mar 19, 2014 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on vacation home or second home
Replies: 61
Views: 8313

Re: Your thoughts on vacation home or second home

I combine my main and vacation homes together when I think about housing expense. For example, the combined market value, combined debt, combined maintenance, etc. So I may have a more modest main home than I would otherwise, but that's offset by a manageable cottage. In my case, I would rather have...
by DougS
Tue Mar 18, 2014 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on vacation home or second home
Replies: 61
Views: 8313

Re: Your thoughts on vacation home or second home

We have a second home on one of the great lakes and love it. Its within an hour of work so I can commute in the summer. Who knows if it will turn out to be a good investment. We have two young kids, and it really helps us bond as a family. Much better than we would do with all of the distractions at...
by DougS
Fri Mar 14, 2014 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 9209

Re: Should you discuss your wages with your peers?

I'm always amazed by how much the so-called Generation Y compares salaries. It would have been unheard of when I was their age. Now, I expect that it will happen.
by DougS
Fri Mar 14, 2014 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Another one of those 'should I sell my condo?' threads
Replies: 8
Views: 899

Re: Another one of those 'should I sell my condo?' threads

I'm not sure what you are asking. Should you sell, rent, stay? If you just want to free up equity, you could always get a HELOC and invest the balance. However, I would advise against that. That has burned many people in the past.
by DougS
Thu Mar 13, 2014 6:55 pm
Forum: Investing - Theory, News & General
Topic: Are custodian banks insured?
Replies: 3
Views: 695

Re: Are custodian banks insured?

Broker-dealers, custodians, and investment companies (mutual funds) are not covered by the FDIC. At best, they would be covered up to $500,000 in the event of a broker-dealer failure.
by DougS
Sat Feb 15, 2014 2:59 pm
Forum: Personal Consumer Issues
Topic: Home Closing Documents
Replies: 3
Views: 589

Re: Home Closing Documents

I'm wrestling with that exact question as I'm in the process of selling and buying a house. Still also have the paperwork from a previous house and pre-refinancing. The conclusion I came to was to keep the loan discharge documents (releasing me from the obligation), and maybe a couple others like th...
by DougS
Fri Feb 14, 2014 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing my MBA program... Looking for advice
Replies: 11
Views: 2038

Re: Choosing my MBA program... Looking for advice

I can say as a Top 10 MBA grad, that it was invaluable in helping me switch careers. I moved from engineering to banking and many of the companies that recruit on campus only come to Top 10 schools. However, if I wasn't changing careers, I don't think I would have gone about the expense of a top tie...
by DougS
Fri Feb 14, 2014 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help Calculating My Value to an Employer
Replies: 3
Views: 818

Re: Help Calculating My Value to an Employer

I wouldn't get too clever with the tax effects. Employers understand revenues compared to expenses. If you can make the case you will bring in more revenue than you cost, you will be fine. Get too clever, and they will think you're trying to play with the math.
by DougS
Fri Feb 14, 2014 8:11 pm
Forum: Personal Consumer Issues
Topic: Good Idea to Sell Old Home To Upgrade To Newer Home?
Replies: 33
Views: 3039

Re: Good Idea to Sell Old Home To Upgrade To Newer Home?

Don't underestimate your wife's feelings. There's more to a house than a place to live. But if you were to make a move, I would search for a house that will suit you well through the kids. Good schools. Kid friendly neighborhood. Room for a couple kids. You may need to move again someday, but go int...
by DougS
Wed Feb 05, 2014 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Is Consumer Banking permanently broken?
Replies: 29
Views: 2533

Re: Is Consumer Banking permanently broken?

Let's not forget the flip side of this coin. I don't remember anyone complaining about 4% mortgages or 3% auto loans. Those rates will rise when interest rates rise also.
by DougS
Wed Jan 29, 2014 5:44 am
Forum: Personal Investments
Topic: Help me talk my friend into an index portfolio
Replies: 17
Views: 2310

Re: Help me talk my friend into an index portfolio

Give him a copy of John Bogle's Common Sense on Mutual Funds. It's much more convincing than any graphs you could print out.
by DougS
Tue Jan 28, 2014 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Masters in Engineering Management Degree?
Replies: 11
Views: 5546

Re: Masters in Engineering Management Degree?

I have an engineering degree with an MBA from a top 10 school. Now in banking. I'd say if you want to take the next step in your company to perhaps manage an engineering division, an MEM would work. If you want to one day run the company or switch careers, an MBA is the right way to go. And I agree ...
by DougS
Tue Jan 28, 2014 6:10 am
Forum: Personal Investments
Topic: Any ideas? Not sure how to make it work for my family
Replies: 7
Views: 1424

Re: Any ideas? Not sure how to make it work for my family

First off, congratulations on focusing on this and realizing what you were doing in your 20s was not a good long term plan. Many people don't figure that out until its much later and its too late. You've got time. At this point in your financial life, the single most important factor is how much you...
by DougS
Tue Jan 28, 2014 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my term life insurance?
Replies: 16
Views: 2166

Re: Should I keep my term life insurance?

Term insurance is great to protect your family if something happens to you during your critical earning years. For example, I recently got a $1M 20 year level term policy. By the time the policy expires, the mortgage will be paid off, the kids through college, and I've hopefully saved enough that th...
by DougS
Sun Jan 26, 2014 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding home equity loan, owner vs non-owner occ.
Replies: 9
Views: 1625

Re: question regarding home equity loan, owner vs non-owner

The bank should be able to walk you through the application, but I think its neither owner -ocuupied nor investment. Its a second home, which I believe the bank looks favorably on compared to investment property.
by DougS
Sun Jan 26, 2014 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Short Sale Asking Price above Amount Owed
Replies: 10
Views: 1394

Re: Short Sale Asking Price above Amount Owed

It is confusing as if it's selling for more than the mortgage it's by definition not a short sale.

Either way, pay what you think it is worth and don't worry about the seller's situation.
by DougS
Sun Jan 26, 2014 7:28 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: When a Giant Gain Causes Pain
Replies: 14
Views: 3322

Re: Jason Zweig: When a Giant Gain Causes Pain

Beckmaster wrote:I have always found buying very easy. Selling is near impossible
How absolutely true this is.
by DougS
Sun Jan 26, 2014 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment
Replies: 13
Views: 1834

Re: Down payment

You can absolutely make a profit in three years in a rising market. I have done it. However, that is the exception not the rule. I think a lot of first time homeowners seriously underestimate the total cost of home ownership. I figure its twice your mortgage payment once you factor in things like ut...
by DougS
Sun Jan 26, 2014 7:11 pm
Forum: Personal Consumer Issues
Topic: High Income Earner & College Attended
Replies: 58
Views: 6171

Re: High Income Earner & College Attended

Many on the forum have multiple degrees. I went to a state school for undergrad (but still an excellent school) and a Top 10 in my profession for grad school. Voted public.
by DougS
Sun Jan 26, 2014 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment
Replies: 13
Views: 1834

Re: Down payment

I think you hit the nail on the head with your horizon question. If you plan to be in the same area and house at least 5-7 years, then I say go ahead and buy. If not, wait and see how your outlook evolves.
by DougS
Sun Jan 26, 2014 6:53 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: When a Giant Gain Causes Pain
Replies: 14
Views: 3322

Re: Jason Zweig: When a Giant Gain Causes Pain

I think this also applies to company stock. Sometimes you feel guilty selling your company's stock, even though it might be the best thing to do from a diversification perspective.
by DougS
Sun Jan 26, 2014 6:44 pm
Forum: Investing - Theory, News & General
Topic: BOGLE BOBBLEHEAD AUCTION
Replies: 37
Views: 4255

Re: BOGLE BOBBLEHEAD AUCTION

$230!
by DougS
Sun Jan 26, 2014 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Planning a move and trying to figure out net takehome
Replies: 1
Views: 403

Re: Planning a move and trying to figure out net takehome

Sounds fairly straight forward. If you know your takehome today, can't you just remove the city taxes, and replace your current housing payment and taxes with your estimated new housing payment and taxes? If you want to figure out what the tax effect will be, just take your net increase in interest/...
by DougS
Sat Jan 25, 2014 5:25 am
Forum: Personal Consumer Issues
Topic: Home Equity Loan-Wells Fargo charging $500 to quit!
Replies: 49
Views: 7384

Re: Home Equity Loan-Wells Fargo charging $500 to quit!

Thank Dodd-Frank for things like this. Previously, people overdrafting their accounts would subsidise many of these "free" services. That option went away. $500 exit fee seems excessive, but there is a cost to providing a line of credit. And presumably the OP saw some value in keeping one for so long.
by DougS
Mon Jan 20, 2014 4:00 pm
Forum: Personal Consumer Issues
Topic: Time to buy a new/used car? When to call it quits on a car..
Replies: 22
Views: 2527

Re: Time to buy a new/used car? When to call it quits on a c

From a purely financial standpoint, where can you find a car that's cheaper to own than $1,000 per year? Your car is fully depreciated, so your only expense is annual maintenance and operating costs. Having said that, I know exactly what you mean. You've had the car a long time, the repairs are anno...
by DougS
Mon Jan 20, 2014 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Rent and save for next 5 years or stretch now?
Replies: 38
Views: 3987

Re: Rent and save for next 5 years or stretch now?

I live in an east coast version of one of those low COL areas. We get a lot of kids who graduate college and move to the big city (NYC, Washington, etc.) to make their fortunes. I can't tell you how many calls I get from them once they start raising families and realize its impossible for one of the...
by DougS
Sun Jan 19, 2014 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rent and save for next 5 years or stretch now?
Replies: 38
Views: 3987

Re: Rent and save for next 5 years or stretch now?

If pay in the Bay area is so high relative to lower COL areas, how come you can't afford a place to live? Don't mean to be rude, but income is only one side of the ledger. Sounds like you are already trapped in that job. Buying a house will perpetuate that.
by DougS
Sun Jan 19, 2014 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Rent and save for next 5 years or stretch now?
Replies: 38
Views: 3987

Re: Rent and save for next 5 years or stretch now?

I would say that IF you plan to be in the place for 10+ years, and IF you can find a place for a comparable total payment as your rental options, and IF you have solid confidence in your job prospects over that same 10 years, I would say to go ahead and buy. It gives you the stability that is import...
by DougS
Sat Jan 18, 2014 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with this? Bank asking for info...
Replies: 86
Views: 15997

Re: Anyone familiar with this? Bank asking for info...

The Bank Secrecy Act is from 1970. There is no new requirement there or in the Patriot Act for anything like what the Op was asked for. The Know Your Customer push is to discourage money laundering and is designed to simply identify a account holder. No specific requirement to demand occupation or ...
by DougS
Sat Jan 18, 2014 4:22 am
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with this? Bank asking for info...
Replies: 86
Views: 15997

Re: Anyone familiar with this? Bank asking for info...

The Bank Secrecy Act is the main law as amended several times. Combined with the Patriot Act and Dodd Frank. Banks are obligated to "know your customer" under those laws and the rules are enforced by the Federal Reserve and other regulators. And it has nothing to do with credit. Its about (ostensibl...
by DougS
Sat Jan 18, 2014 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice regarding purchasing 2nd home (primary res.)
Replies: 5
Views: 879

Re: Seeking advice regarding purchasing 2nd home (primary re

Your debt to income ratio seems high for someone who is successfully renting out a place. That said, your calculation is probably correct given its not that hard of a calculation. A lender would typically include your bonus if it was stable and had a history. And you could probably find a bank to gi...
by DougS
Fri Jan 17, 2014 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with this? Bank asking for info...
Replies: 86
Views: 15997

Re: Anyone familiar with this? Bank asking for info...

I am very familiar with this given I work in a bank Compliance department. All banks are being forced to upgrade their anti-money laundering capabilities. To do so, banks have to update the information they have on their customers. So-called know-your-customer rules. It is absolutely legitimate. If ...
by DougS
Tue Jan 07, 2014 7:18 pm
Forum: Personal Consumer Issues
Topic: Different Ways A Computer May Be Compromised
Replies: 55
Views: 5424

Re: Different Ways A Computer May Be Compromised

I work for a bank, and the best advice we give for Internet security is to have a dedicated computer for your banking activities. Keep anti-virus up to date, don't surf the Internet, don't share the computer, don't check e-mail from this computer. Only access financial sites. The major cause of elec...
by DougS
Thu Dec 26, 2013 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 5
Views: 1110

Re: Mortgage question

Have you sold or are in you in contract to have sold your house? If not is it in an area that the homes move quickly for asking price? How sure are you that you will your 'value' for your home? Can you afford three mortgages if need be? The quoted rate of 3.75% I presume is the VA loan. If so, you ...
by DougS
Thu Dec 26, 2013 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 5
Views: 1110

Re: Mortgage question

Thanks a lot! Yes, the primary mortgage will be fixed rate for 30 years at 3.75%. The tax deduction will be nice, but I'm thinking of it as a nice to have bonus. I'm factoring what I think are going to be repairs. Having owned a home before, I know it will be more than I expect, but I'm trying to fa...
by DougS
Wed Dec 25, 2013 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment vs House
Replies: 12
Views: 1781

Re: Apartment vs House

A house is a long-term investment. The transaction costs alone make buying a house a long term proposition. If you are not prepared to stay in the same location for at least five years, I would not buy. That is the amount of time it takes to recoup the transaction costs plus any maintenance costs al...
by DougS
Wed Dec 25, 2013 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 5
Views: 1110

Mortgage question

I've been a Boglehead "guest" for a while. Never felt I could add much to the conversation, but I've been an ardent Boglehead disciple for years. I had an interesting mortgage situation come up that I could use your help answering. I've been in my house 12 years and we've outgrown it. Bought pre-kid...