Search found 233 matches

by mmcmonster
Fri Aug 17, 2018 5:16 am
Forum: Personal Consumer Issues
Topic: Boglehead Birthday Gift for 50th B Day - Fine Spirits
Replies: 24
Views: 1428

Re: Boglehead Birthday Gift for 50th B Day - Fine Spirits

Nicolas wrote:
Thu Aug 16, 2018 6:45 pm
How about a case of Bogle wine? It's quite good stuff.
Image
Wanted to second the Bogle wine. My wife and I love it! :beer
by mmcmonster
Wed Jul 18, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Question about new construction basement houses
Replies: 19
Views: 1391

Re: Question about new construction basement houses

We did a custom new construction about 7 years ago. The outside of the concrete foundation was wrapped in a watertight seal to prevent water seeping in the sides. French drains are pretty standard as well. Make sure you add a dehumidifier that goes into either a pit with a pump in it or something el...
by mmcmonster
Tue Jul 17, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7222

Re: Anyone not have a Budget?

Never had a budget. Wife and I are quite frugal and have always automatically lived below our means. We do consciously save more (ie: not put in investment accounts) when we are planning a large purchase. That being said, I keep track of all expenses in a massive spreadsheet: Over the last few years...
by mmcmonster
Mon Jul 16, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9757

Re: Why own a bed?

The trend around me is heavy duty boxsprings and extra thick mattresses. We got rid of the box springs on my kids beds and replaced them with 2x4s cut to the exact needed length at the local Home Depot (cut for free). The 2x4s rest on the edges of the frame. (That's why the cut has to be near-perfe...
by mmcmonster
Mon Jul 16, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 179
Views: 33552

Re: $13 Million Goal for Early Retirement (am I crazy?)

You may be overestimating how much travel you want to do. Travel is awesome and fun. But traveling ALL THE TIME is exhausting! You'll likely find that budgeting $10,000 a month to expenses is WAY too much. For $10,000, you would go on a 30-day cruise for two. I've been thinking about this, as I hop...
by mmcmonster
Mon Jul 16, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9757

Re: Why own a bed?

The trend around me is heavy duty boxsprings and extra thick mattresses. We got rid of the box springs on my kids beds and replaced them with 2x4s cut to the exact needed length at the local Home Depot (cut for free). The 2x4s rest on the edges of the frame. (That's why the cut has to be near-perfec...
by mmcmonster
Thu Jul 12, 2018 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9378

Re: Keeping a checkbook register

I've used a LibreOffice Spreadsheet (The spreadsheet is older, originally in Excel, then OpenOffice, now LibreOffice) for all my banking needs. First few columns are Reconciliation, Date, Description. Then I have three for the Bank: Withdrawal, Deposit, Balance. Then I have three columns for each of...
by mmcmonster
Tue Jul 10, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Masterbath Remodel - Tub or No Tub ?
Replies: 57
Views: 3436

Re: Masterbath Remodel - Tub or No Tub ?

Our master bath: Love the large shower with a large seat area (seats two). It has a regular shower head, four jets, and a rain head as well. In addition it has a hand-held shower head installed near the seat so you can sit and shower any one particular area. We have a 5/8" tempered glass shower door...
by mmcmonster
Tue Jul 10, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 5960

Re: Going solar?

Can anybody explain the difference between getting a propane generator vs "getting solar and backup battery" that mmcmonster is doing? Meaning what can and can't be run functionally during a power outage? Regarding Propane Generator vs. Solar: They both produce electricity. So if you have a large e...
by mmcmonster
Tue Jul 10, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 5960

Re: Going solar?

I'm getting solar installed ... today! For me, it's more that my local electrical utility isn't quite as reliable as when I moved here, ~7 years ago. I'm concerned that over the next few years it's going to get less stable. In addition, I'm getting solar and battery backup instead of getting a propa...
by mmcmonster
Mon Jul 02, 2018 5:02 am
Forum: Investing - Help with Personal Investments
Topic: Do you own just 5% of anything?
Replies: 65
Views: 4949

Re: Do you own just 5% of anything?

I own 5% of Total International. Because I'm not convinced that I need international, but it's nice to have a little so I'm not totally missing out on the party. I own 1% of Vanguard Health Care ETF. It used to be more but I decided to stop buying it and no longer consider part of my asset allocatio...
by mmcmonster
Fri Jun 29, 2018 5:24 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 15259

Re: Did you celebrate when you finally hit $1m?

We hit it in 10/2015. Didn't make much of a deal about it, because it's always dependent on how you calculate it. We had already paid off our mortgage and the number didn't include college savings plans for the kids. I think we just opened a bottle of wine that week. :beer Same when we hit 2M. The o...
by mmcmonster
Tue Jun 05, 2018 5:14 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 52966

Re: How much money do you want to retire?

Wife and I are both 47. Kids are 14 and 11. Will "slow down" when I hit $5M outside of 529 plans (in roughly 5 years). I'll retire ... when I get a good offer from my friends (NOT from my work). My retirement plan (and I've discussed this with friends and family) is to find a group of like-minded pe...
by mmcmonster
Fri May 25, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: Rum and Summer Cocktails
Replies: 30
Views: 2131

Re: Rum and Summer Cocktails

A good Rum & Coke is a great drink. But it has to be a good (white) rum and a good (non-US) Coke. The rum will bring out the flavors of the Coca-Cola. Just make sure you get real Coke, not that High Fructose Corn Syrup nonsense that's ubiquitous in the U.S. Look in the foreign foods aisle of the gro...
by mmcmonster
Thu May 24, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 190
Views: 22242

Re: High End Wrist Watches (Gone Crazy)

Watches are worn for style. Men are allowed a minimal amount of jewelry. Watches and cufflinks are about all that are tolerated by society. (And it's been a while since cufflinks were considered commonplace.) I personally like the Omega Seamaster collection. ( https://www.omegawatches.com/en-us/watc...
by mmcmonster
Mon May 14, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to define "rich"?
Replies: 32
Views: 2555

Re: Best way to define "rich"?

But how does one define rich? Rich is never having to wonder if you can afford to buy or do something. You just go and get it/do it. Not a very useful answer, as it's unreachable for most of humanity. But it is something to aspire towards... maybe? I prefer the definition that Rich is being able to...
by mmcmonster
Tue May 01, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5665

Re: Home Theater Stereo/Speakers

You've got a lot of great recommendations. I'll just give a few tips after furnishing my house with a wide variety of sound options. Get a subwoofer that is comparable quality to the speakers. Subwoofers will add depth to any speakers and you'll appreciate the difference once you hear it. When you i...
by mmcmonster
Mon Apr 09, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: New Lexus LS or Tesla Model S
Replies: 63
Views: 4938

Re: New Lexus LS or Tesla Model S

Tesla hands down. We have driven one since 2013. Onto our second Model S now that they’re all wheel drive and have auto pilot capabilities. Given the choice we won’t ever go back to an ICE. Love the quiet and the insane acceleration. I have the Spring 2014 Tesla Model S. I love it and will never go...
by mmcmonster
Tue Mar 27, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: NYC Real Estate
Replies: 13
Views: 1848

Re: NYC Real Estate

My parents lived in Staten Island for > 30 years. There's some really nice areas near the ferry which are inexpensive.

Just mentioning another option. If you ask someone who lives in the other boroughs, they'd turn their nose up at mentioning S.I. :twisted:
by mmcmonster
Sat Mar 24, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3676

Re: changing my signature when signing checks and credit card receipts

I have a middle name that I never use. Over the years I think I actually dropped my middle name for just an initial. My passport and drivers license have the middle initial. Once, a few years ago, I had to sign something which wasn't a big deal. I think it was for school or some such. I signed my fi...
by mmcmonster
Sat Mar 24, 2018 5:00 am
Forum: Investing - Help with Personal Investments
Topic: "I won the Lottery" update -
Replies: 33
Views: 8610

Re: "I won the Lottery" update -

Very happy for you and your family.

You've taken a fantastic thing and made it even better for you and yours. You've made yourself a better person and will impart that wisdom to your children, too. :beer
by mmcmonster
Thu Mar 15, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: How to Thank/Reward Realtor
Replies: 28
Views: 2396

Re: How to Thank/Reward Realtor

Our realtor was an elderly gentleman who helped us buy two houses and rent in between, over the course of six years. He was exceedingly knowledgeable and was semi-retired when helping us with our last purchase. So certainly on the business end we couldn't help him too much with referrals. After he r...
by mmcmonster
Sun Mar 11, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Men's Cologne
Replies: 66
Views: 5943

Re: Men's Cologne

I like CK One.

Bought a bottle when I was 25 and it's still there 20+ years later. I use it at most once a year, when going out with DW and she bugs me about how the bottle's been sitting around for (literally) decades. :P
by mmcmonster
Mon Mar 05, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Travel insurance for foreign tourists in U.S.
Replies: 2
Views: 309

Travel insurance for foreign tourists in U.S.

My DW's parents are coming to visit the U.S. this summer and plan on staying ~6-8 weeks. My father-in-law has multiple medical issues but is fairly stable on his medications. Any pointers on how and where to get travel insurance for my inlaws (or even just him), to cover unexpected medical expenses....
by mmcmonster
Mon Mar 05, 2018 6:27 am
Forum: Personal Consumer Issues
Topic: Kitchen features
Replies: 108
Views: 8433

Re: Kitchen features

How do those InstaHot things work? Are they always using electricity? That would be a negative for me. I drink a lot of tea, too, but I heat water in the microwave oven. That may also be energy inefficient, I don't know. But at least I can do some exercises while the water is heating and then again...
by mmcmonster
Sun Mar 04, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Kitchen features
Replies: 108
Views: 8433

Re: Kitchen features

I love this thread, BTW. We did our house as a true custom build about 6 years ago. Some of the things we did are just not available for typical renovation projects What we love about the kitchen: 1 - A second (much smaller) kitchen, separated into a small room with it's own door. We use the second ...
by mmcmonster
Sun Feb 25, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6310

Re: # X Gross = Home price?

OP, If you want to be a millionaire, 1.49 or lower http://www.thomasjstanley.com/2011/11/millionaire-rule-1-49/ << I have found that when millionaires made their first home purchase, the ratio of the purchase price over their annual household income was just 1.49 [median]. >> KlangFool Good Lord, t...
by mmcmonster
Sat Feb 24, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 18418

Re: Defining "House Poor"

Am I missing something? I thought the classic definition of 'house poor' was that you owe more on the house than the house is worth (likely due to a falling housing market, damage to the house, or extensive upgrades made on credit). Which means that in a catastrophe you can't just sell the house, pa...
by mmcmonster
Sat Feb 17, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Is this a MLM? American Inst of Cert Tax Planners
Replies: 8
Views: 1072

Re: Is this a MLM? American Inst of Cert Tax Planners

I'm sorry.

What's an MLM? I looked at the abbreviations site and it wasn't listed. :annoyed

https://www.bogleheads.org/wiki/Abbrevi ... d_Acronyms
by mmcmonster
Fri Feb 09, 2018 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Wine Investment
Replies: 28
Views: 3397

Re: Wine Investment

I was into a kick of movies about alcohol recently.

If you are at all interested in wine speculation (investing?), I would strongly watching the movie Sour Grapes (http://www.imdb.com/title/tt5728684/).

A couple other great ones are Somm and Somm 2.
by mmcmonster
Wed Jan 31, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 2817

Re: looking for positive experiences transferring to Vanguard

I transferred three IRAs and a couple Roth IRAs a couple years ago (from E*Trade and Royal Bank of Canada). No problem at all, initiating the transfer at Vanguard. Once the funds came over, one of the products (purchased by my former fund manager) could not be sold electronically (it was a security ...
by mmcmonster
Wed Jan 24, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 7248

Re: Your bond allocation when you were 48

I'm in my mid 40s and working with (Age-15) in bonds. I plan to cap that at 40% bonds when I hit 55.
by mmcmonster
Sat Jan 13, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 19684

Re: How does everyone keep track of your portfolio?

I'm kinda proud of the spreadsheet design and always looking for things I can add easily to it. :happy If those are real numbers, I'd suggest deleting them or making them fake after stating so. I don't think that it is ever a good idea to post ones actual balances online. LOL. They're a fraction of...
by mmcmonster
Sat Jan 13, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 19684

Re: How does everyone keep track of your portfolio?

I don't keep historical records, although sometimes I wonder if I should. The spreadsheet is mostly useful for helping me keeping track of my asset allocation. While I keep copies of all the monthly statements (in .PDF form on the computer), I never look at them. I update my spreadsheet monthly and...
by mmcmonster
Sat Jan 13, 2018 7:46 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 19684

Re: How does everyone keep track of your portfolio?

I use a spreadsheet and manually update it by logging into the accounts, from top to bottom. I keep all the Vanguard funds in the same order as the website to make it faster. Including the logging on, I can update the 'Value' column within 5 minutes. I update the date column at the same time. Everyt...
by mmcmonster
Fri Jan 12, 2018 8:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 482
Views: 48380

Re: Post your Financial Milestone Announcements Here

Congrats, everyone! My most recent milestone was $2M in October 2017. With minimal outstanding loans (just my car loan at present), I'm ecstatic about my financial future. I'm taking a few months off of heavy savings in order to afford solar panels. After that continue my march towards $5M! (Got to ...
by mmcmonster
Sat Jan 06, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 9997

Re: How much are you putting in a 529?

Two kids, 11 and 14. Pennsylvania residents. We get 14k off per child per adult in state tax breaks. We've settled on putting 14k in per kid in their PA state 529 plans. We missed a year or two early on when things were tight but I'm not that incentivized to make it up (it's possible since technical...
by mmcmonster
Sat Jan 06, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 33425

Re: Anyone tired of the stock market going up?

I have literally no clue what any asset class is doing at any one time. All I know and care about is which asset class is lagging in relation to the others to put new money into every month to have it even up on my yellow legal pad I keep track of. NO WHERE on there does it show what the performanc...
by mmcmonster
Thu Jan 04, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down principal or invest
Replies: 39
Views: 2259

Re: Pay down principal or invest

They could refinance to a fifteen year and use extra there so that they are clear of mortgage at retirement. DemoEngr, Bad idea! OP is overly invested in the house. Hence, OP should not pre-pay the mortgage or refinance to 15 years. KlangFool Question about this: The mortgage on the house is a fixe...
by mmcmonster
Sun Dec 31, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2939

Re: What do you consider wealthy?

A friend of mine who works in finance get me these numbers:

Rich is $10M in liquid assets.
Wealthy is $50M in liquid assets.
by mmcmonster
Sun Dec 31, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 5176

Re: Target Net Worth

What is you target net worth and how did you come up with it? It changes every year and I get a new target at the end of each year. My new one is $5M. Keep raising the bar for myself. Cheers! :sharebeer $5M is a floor for me. At that point I will almost certainly slow down at work and enjoy my nigh...
by mmcmonster
Sat Dec 30, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 353564

Re: What are you up YTD? [Year To Date]

According to Vanguard, I'm up 19.2% this year. A year ago I said I was up 11.6%. That's according to Vanguard. I'm not doing nearly that well. I've got a lot of treasury bills in other non-Vanguard managed accounts. I had spent 2016 moving all funds away from active managers into Vanguard. 2017 was ...
by mmcmonster
Wed Dec 27, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5348

Re: The car dealership model needs to die

I hate dealership model pricing. My first car was a Saturn and it was nice that the price was fixed. The dealer essentially gave me a menu of options and told me that all the dealers would have the identical menu. No muss, no fuss. Since then it's been down hill with both Lexus and BMW. I hate barga...
by mmcmonster
Tue Dec 26, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 5711

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

[...]I would consider what Dr. Wm Bernstein recommends for those who have enough - stop playing the game. Put 10-15 years worth of potential portfolio draw downs in "safe" products e.g. Savings Accounts, CDs, Money Markets etc. and the rest in a "risk" portfolio with a conservative allocation e.g. ...
by mmcmonster
Tue Dec 19, 2017 6:12 am
Forum: Personal Consumer Issues
Topic: "Breaking the seal" on more expensive travel
Replies: 38
Views: 4745

Re: "Breaking the seal" on more expensive travel

I've never done China, but it's on my bucket list. I would favor a tour guide over doing it yourself because it's likely going to be a once-in-a-lifetime trip. You don't want to miss anything and you don't want to be wasting your time either in lines or just going to a museum which you could go to a...
by mmcmonster
Mon Dec 18, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: Buying a new sofa with two young kids?
Replies: 36
Views: 2816

Re: Buying a new sofa with two young kids?

Get leather. Our leather couch has stood the test of time with spills, ink, you name it. We bought a leather sofa set from Ikea about 19 years ago (first big purchase after me got married). The sofa set still looks fairly good. It's survived at least 5 moves over 19 years. Ikea actually has a prett...
by mmcmonster
Sun Dec 17, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 72
Views: 8930

Re: Year end review with less nerdy spouse

Dashboards are even nerdier. Word doc 11 x 17 color with all of the key charts on one page. It gets updated each year to add data so that it builds on the learning with executive level info. I create a monthly dashboard. It's more for me to decide which funds to put extra retirement savings into. R...
by mmcmonster
Sat Dec 16, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: When to move into bonds
Replies: 53
Views: 6091

Re: When to move into bonds

I am ~9 years from retirement [...] - current net worth = $1.4M & we have no debt - neither of us will have pensions and our goal is to have $3M by retirement age [...] I'm sorry, but I'm not sure if you can reach your goal with expected/average market returns. Or am I missing something? :annoyed
by mmcmonster
Sat Dec 16, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 25732

Re: 2nd million is easier!

Has anyone been tracking their net worth on a spreadsheet? For some reason, my line is linear, even though it would seem it should be somewhat exponential (like a curve). What's your line like? I started doing this just before I hit $1M. I check my net worth on a monthly basis since 5/2015 and so f...
by mmcmonster
Fri Dec 15, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 25732

Re: 2nd million is easier!

May your third million be even easier! :beer