Search found 1349 matches

by EnjoyIt
Wed Jan 17, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: [n X expenses + r] instead of [n X expenses]
Replies: 27
Views: 1036

Re: [n X expenses + r] instead of [n X expenses]

I'm all for being a bit conservative and have a safety net but some of y'all are just ridiculous. Hey if working and making money floats your boat and you have nothing better to do in your life then save as much as you can. For the rest of us let's have some reallity on what we really need to retire...
by EnjoyIt
Wed Jan 17, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4506

Re: Merrill Edge best choice for higher net worth accounts?

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space. Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years? Yes, bonuses. It's at least $3000, but I'd have to go over my records to...
by EnjoyIt
Tue Jan 16, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4506

Re: Merrill Edge best choice for higher net worth accounts?

Earl Lemongrab wrote:
Sun Jan 14, 2018 5:36 pm

Their marketing gimmicks have put thousands of dollars in my accounts, including precious Roth space.
Can you please explain further? Is it through sign up bonuses? How much extra space has it given you and over how may years?
by EnjoyIt
Tue Jan 16, 2018 1:21 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 106
Views: 8130

Re: Post your Financial Milestone Announcements Here

To quote Bob Brinker, My spouse and I are in the , "Land Of Critical Mass",and have been so for quite a while. Keeping debt to a bare minimum,investing frequently(reinvesting)got us there. Count Our Blessings Every Day. :happy If you will. . . what is the "Land of Critical Mass"? Never heard that b...
by EnjoyIt
Mon Jan 15, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: Anyway to compare metrics of today w stock bubble in 2000
Replies: 26
Views: 2229

Re: Anyway to compare metrics of today w stock bubble in 2000

I'm considering buying two year Treasuries that yield 2%. Makes sense, that is the end of the curve that has moved up the most. I will be buying some treasuries too. Let's face it: the market is expensive, and I bet I am not the only one who is a little underweight bonds/safer assets at the moment....
by EnjoyIt
Thu Jan 11, 2018 2:17 am
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 63
Views: 3071

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

I have always loved the Audi Allroad. You need to find Doug Demuro and fast! I watched the video and think it may be crap. Why? I had an A6 2.7T engine audi with 150k miles on it tuned to about 350hp. I sold it 2 years ago. Everything is the same as the all road except for the suspension. I have no...
by EnjoyIt
Thu Jan 11, 2018 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12105

Re: Is it time for me to "call in rich"?

As almost everyone above has pointed out you have more than enough to retire. If you don't want to leave a legacy I highly advise you to get a boat and a fancy sports car. You have 3.2 million with at least $300k in cash coming your way from sales. That $300k will last you easily for 3 years and all...
by EnjoyIt
Wed Jan 10, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 2785

Re: What would you do with a 25 million windfall?

As a physician I would still work but part time. Maybe 2 days a week with 1 week off.
by EnjoyIt
Wed Jan 10, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1161

Re: Sell Sports Car and Invest or Keep for Fun Factor

If your financial goals are being met then there is no problem spending money on fun things. Only question I have for you is:

Does this car offer you $20K of happiness over long term. If it does then keeping it is a no brainier for you.

BTW, do you want to sell me your S2000?
by EnjoyIt
Sun Jan 07, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17671

Re: Memo to those who have won the game: it's time to quit playing

OP seems to be mixing together two separate concepts: — Market timing ("With CAPE at the second highest level in history and the U.S. stock market acting bubblicious these days") — An older investor's AA as determined by his or her IPS I think a responsible older investor would already be reducing ...
by EnjoyIt
Sun Jan 07, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 63
Views: 3071

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

Go Blue 99 wrote:
Sun Jan 07, 2018 10:40 am
I love the look of luxury station wagons (Benz, Audi, Volvo). There is a guy at work who drives an E63 AMG wagon and that car is great looking. Of course, the wife laughs at me any time I bring up a station wagon :wink:
Same with me. I have always loved the Audi Allroad.
by EnjoyIt
Sun Jan 07, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: A Tale of Two 529 Plans or Don't Worry It Will All Work Out
Replies: 14
Views: 4350

Re: A Tale of Two 529 Plans or Don't Worry It Will All Work Out

Our plan is to place $25k in our future child's 529 when/if that child is born with no further contributions thereafter. We will invest in 100% equities for the next 13 years and then re-evaluate with the goal of going much more conservative unless we are deep in a recession. $25k over 18 years sho...
by EnjoyIt
Sat Jan 06, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 25891

Re: Anyone tired of the stock market going up?

I love the market going up but wouldn't mind a few months of mild volatile and flat growth to keep the public fearful. Last thing I want is to hear everyone on the street talking about buying stocks. Regardless if the market keeps going up I will keep making new contributions in bonds to maintaine m...
by EnjoyIt
Sat Jan 06, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Car people: 2014 E63 AMG or 2018 E400 wagon??
Replies: 63
Views: 3071

Re: Car people: 2014 E63 AMG or 2018 E400 wagon??

deleted due to me not fully reading OP :(
by EnjoyIt
Sat Jan 06, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7406

Re: How much are you putting in a 529?

3 year old twins. We are putting in $13k a year times two 529 plans. Currently at $55k each. Plan is to get to $500k each by the time they enter college. This seams like so much. Why? Are you expecting private undergrad and grad school? Don't get me wrong I think it is amazing you can do that I jus...
by EnjoyIt
Sat Jan 06, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: A Tale of Two 529 Plans or Don't Worry It Will All Work Out
Replies: 14
Views: 4350

Re: A Tale of Two 529 Plans or Don't Worry It Will All Work Out

Our plan is to place $25k in our future child's 529 when/if that child is born with no further contributions thereafter. We will invest in 100% equities for the next 13 years and then re-evaluate with the goal of going much more conservative unless we are deep in a recession. $25k over 18 years shou...
by EnjoyIt
Sat Jan 06, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: asset allocation as one transitions into retirement
Replies: 7
Views: 701

Re: asset allocation as one transitions into retirement

If 50/50 is your desired allocation, you should maintain it. That means converting stocks to bonds as you sell the CD's. If you have separate allocations to bonds and CD's, then you would need to sell stocks, bonds and CD's to fund your expenses. If you sell CD's and do nothing else, your AA will b...
by EnjoyIt
Fri Jan 05, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: UGH: New 401k Average Expense Ratio Increased 252%
Replies: 9
Views: 857

Re: UGH: New 401k Average Expense Ratio Increased 252%

I have heard of people in your situation putting together a proposal and convincing HR to switch to a lower cost provider. At the end of the day a 2% match and tax deferral is very hard to pass up despite the higher fees. Unless you have so much in your 401k that it is worth a transition. An extra 1...
by EnjoyIt
Fri Jan 05, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2678

Re: [How to determine budget for toys/luxuries?]

OP, 1) If your net worth is 50 or more times your current annual expense, you can spend any amount in excess of that for any toys. So you are advocating zero discretionary/fun spending unless you have a double-funded retirement? That seems....unnecessarily conservative. mak1277, 1) It is obvious th...
by EnjoyIt
Thu Jan 04, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2678

Re: [How to determine budget for toys/luxuries?]

It looks like the correct answer isn't really a yes or a no but the correct answer is asking more questions. I think the three big ones are: 1) What are your financial goals? 2) What is your path to achieving those goals? 3) How stable is your income? Once the above 3 are answered a reasonable math ...
by EnjoyIt
Wed Jan 03, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2678

[How to determine budget for toys/luxuries?]

It seems like every few weeks we get another post about "Can I afford X?" X can be as simple as a $10k watch or as expensive as a $100k or more car. Almost always the response by most readers is "No" irrespective of the person's financial situation. I'm sure someone making $250k/yr can afford a nice...
by EnjoyIt
Wed Jan 03, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 76
Views: 8063

Re: Talk me out of a 60/40 AA

Your wealth is currently $650k and you save $150k/yr. If you are 100% in equities a 50% drop will have you go down by $325k. You can easily make that up in 2 years of savings and won't really affect you too much. Now picture yourself 10 years from now. The markets have returned 5% a year and you sav...
by EnjoyIt
Tue Jan 02, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7916

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Since your business is online, I would do everything in my power to make sure I domiciled in Texas or any other state without State/City income tax. Yes, but if I live in NYC for more than 182 days in the year, I will still have to pay taxes to them. Depending on you income stream and how high thos...
by EnjoyIt
Tue Jan 02, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7916

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

From what I understand, you can have a place in nyc and not owe state and local income taxes as long as you can prove that you spent less than 180 days in NYC (the residency test). You will also need to make sure that your domicile remains Texas. So it all depends on your annual income. Do you want...
by EnjoyIt
Mon Jan 01, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 35
Views: 3840

Re: My 2017 Budget

Misc $4415 Groceries $3290 Eating Out $2632 Rent $2183 Property Taxes $1949 HOA Dues $1317 Auto Insurance $1038 Vacation $1249 Utilities (Elec/Gas) $888 Tax Prep $819 Auto Fuel $584 Mobile Phone $484 Entertainment $326 Home Insurance $216 Hair Cut $189 Auto Maintenance $129 Home Internet $109 UPS M...
by EnjoyIt
Sun Dec 31, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

There's a big difference in feel of the car and interior of a 997.2 and a 991. If going for a 997.2, make it a GTS... I agree. The 997.2 GTS is awesome - the cream of the 997 crop. Hard to find, also about $60-70k range. You'll pay dearly for the 997.2 GTS. Coupla things to know about 'em: - Even t...
by EnjoyIt
Fri Dec 29, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

Can you imagine the stress of parking the car at a restaurant worrying your entire meal that the guy next to you will scratch 1/5 of your net worth. The stress of owning expensive things can be insane? What about driving the car after you just cleaned it and being forced to drive over a puddle? Don'...
by EnjoyIt
Fri Dec 29, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2251

Re: Will PE ratios decrease due to lower taxes?

Several large multi-national corporations have already announced that they will take some short term hits (reduced earnings) due to taxes owed from repatriating offshore profits at the new lower rate. This might actually raise PEs in the near term. 2018 repatriate money. Hopefully re-invest in US o...
by EnjoyIt
Fri Dec 29, 2017 2:49 am
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2251

Re: Will PE ratios decrease due to lower taxes?

You are assuming the decrease in taxes results in an increase in earnings. But, what if the decrease in taxes results in an increase in R&D spending? .. or a facilities move that results in an increase in leasing costs? ... or an increase in executive pay? ... or ... It could be that earnings remai...
by EnjoyIt
Fri Dec 29, 2017 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I Sell Gains To Minimize Losses?
Replies: 5
Views: 471

Re: Should I Sell Gains To Minimize Losses?

Should I sell unrealized gains(60K) from my equities tomorrow to minimize already realized 2017 losses of $130K(60K long term & 70K short term)? I am new to investing & just learned I can only deduct 3K/year against my income, so it would take 40+ years to deduct all these losses right? Ill be long...
by EnjoyIt
Fri Dec 29, 2017 1:43 am
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2251

Will PE ratios decrease due to lower taxes?

Currently all the financial gurus are saying valuations are high. Will the new corporate tax rate change that? If corporations had to pay 35% in taxes and now only pay 21% doesn't that mean profits increase and therefor PE ratios decrease (if all else is unchanged?) I calculate it as a 21% increase ...
by EnjoyIt
Thu Dec 28, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

watchnerd wrote:
Thu Dec 28, 2017 10:18 pm

Should I get a porsche, too?

No, you already have a watch. You can't have 2 toys. Sorry.
by EnjoyIt
Thu Dec 28, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 45
Views: 4194

Re: Paying taxes with credit card?

I just realized, this is the last year I (and many others) will be itemizing. Since the 1.87% fee for making a federal tax payment is tax deductible, this makes a last-minute payment of your liability via cc before 2018 just a bit more advantageous. As my marginal tax rate is close to 40% the actua...
by EnjoyIt
Thu Dec 28, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Financial Plan [24 year old]
Replies: 19
Views: 1142

Re: 2018 Financial Plan [24 year old]

1) Yes you have a large cash cushion but if you are saving cash for something specific in the near future you are doing the right thing by keeping it in a 2% earnings account. 2) saving 25+ percent or more of your income will put you in a clear bath to early financial independence. If you can do tha...
by EnjoyIt
Thu Dec 28, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay off debt
Replies: 9
Views: 1161

Re: Invest or pay off debt

Here is what your life should look like with such a high income. It is the 1/3 rule 1/3 to taxes 1/3 towards living expenses 1/3 towards managing debt and investing. Which means you should be saving over $100k/yr. Unless you want to work deep into your 60s I highly recommend the above plan. Disclaim...
by EnjoyIt
Thu Dec 28, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 45
Views: 4194

Re: Paying taxes with credit card?

Taking this thought one step further ... is it crazy to consider overpaying by a large amount? If we file next month, I could get a 1.9% tax-free return on any amount up to the limit of my cc. Better than any short term CD, amiright? :twisted: Have you tried this sort of thing before? :confused The...
by EnjoyIt
Thu Dec 28, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

I have always been a big car guy and have several 60s musclecars in my collection I would never spend 6 figures on a car How much have you spent on your several muscle cars? Is there much of a difference between several cars equaling six figures, or one car equaling six figures? Good question. I ha...
by EnjoyIt
Thu Dec 28, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 45
Views: 4194

Re: Paying taxes with credit card?

I just realized, this is the last year I (and many others) will be itemizing. Since the 1.87% fee for making a federal tax payment is tax deductible, this makes a last-minute payment of your liability via cc before 2018 just a bit more advantageous. As my marginal tax rate is close to 40% the actua...
by EnjoyIt
Wed Dec 27, 2017 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay off debt
Replies: 9
Views: 1161

Re: Invest or pay off debt

Your rates are on the cusp of paying off vs keeping your mortgage. 1) You should definitely put more than $45k into your solo 401k. You should be funding it up to $54k. Each dollar you don't save into your 401k is like pissing 40% away towards taxes. You should also max your HSA as well as do a back...
by EnjoyIt
Wed Dec 27, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

I still never mentioned why you want this particular car. What is your goal with it? Drive fast on the streets? go to a road course/track? look good in front of friends and co-workers? What exactly is your goal? I have a friend who dreamed of owning some kind of "super car." He bought himself a Lam...
by EnjoyIt
Wed Dec 27, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

... I advise everyone to take their current sporty vehicle and take it to an HPDE event in your area. Theses events cost about $350-$450 for the weekend... Did this for almost 10 years. Took a volunteer position with the club and the track fees were waived. May I ask, has your view on cars changed ...
by EnjoyIt
Wed Dec 27, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

I still never mentioned why you want this particular car. What is your goal with it? Drive fast on the streets? go to a road course/track? look good in front of friends and co-workers? What exactly is your goal? I have a friend who dreamed of owning some kind of "super car." He bought himself a Lamb...
by EnjoyIt
Wed Dec 27, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3805

Re: Miata as second car

MotoTrojan wrote:
Tue Dec 26, 2017 4:52 pm
I’d buy used. Perhaps a 2nd generation S2000. More enjoyable car in my opinion and a very clean one can be had for under $10K.
where? because I am looking.
by EnjoyIt
Wed Dec 27, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10848

Re: Another should i buy my dream porsche thread...

I'm in the yes you can afford it but no way should you spend such a huge percentage of your wealth on such a depreciating asset. BTW, what is your goal for this car? Is it to drive fast on the highway? Is it to look good? To take to a road course and drive at your limits? BTW, I am a car guy, my dre...
by EnjoyIt
Wed Dec 27, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 45
Views: 4194

Re: Paying taxes with credit card?

I think it all depends how much each dollar and each minute is worth it to you. This is even more true if you are retired and living off your investment assets. It actually takes less effort to pay your taxes via credit card as opposed to writing a check. Log in, type in information and done. Writin...
by EnjoyIt
Sun Dec 10, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 2764

Re: Espresso Machine suggestions?

For water I currently use tap water filtered with this filter
https://tinyurl.com/y74hjjjz

It is a BWT filter. It works like a Brita except it replaces Calcium with Magnesium. The theory behind it is that you still get the flavor without the calcium deposits.
by EnjoyIt
Sun Dec 10, 2017 2:12 am
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6944

Re: Bitcoin now the largest quantifiable bubble in history?

I find this quote entertaining: "Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. But tell me more about your analogy..." Cryptocurrency and blockchain technology aren't going anywhere. Bitcoin may eventually fall, but others w...
by EnjoyIt
Sun Dec 10, 2017 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 77
Views: 10951

Re: Retire in my early 40s? Crazy or actually doable?

Does anyone have any recommendations regarding question #2 and #3 from my original post? 2) I really like the idea of this glide path. Live off the tax free interest and as Meg said above use the maturing municipal to buy stocks and get your asset allocation where you like eventually. Also since yo...
by EnjoyIt
Sun Dec 10, 2017 1:00 am
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 2764

Re: Espresso Machine suggestions?

Coffee Geeks is your go-to site for reviews and forums on all coffee-related equipment if you really want to get down into the weeds http://coffeegeek.com/ Seattle Coffee Gear also does a lot of reviews and has good video reviews on youtube of various machines https://www.seattlecoffeegear.com/espr...
by EnjoyIt
Fri Dec 08, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16589

Re: Buying and Spending Bitcoin

Thanks for this insightful experiment. Makes we want to try it out just for fun.