Search found 1998 matches

by Jags4186
Wed May 23, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 116
Views: 2339

Re: Purchasing a house, downpayment vs. retirement and other considerations

That’s not a house I’d raise kids in. Would be fine for just my wife and I but not enough space. No lawn. Town houses are harder to sell, and not as good of a long term investment as a single family. It’s not the niceness I’m concerned about, but what you can do with the home (further expand, knock...
by Jags4186
Wed May 23, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 116
Views: 2339

Re: Purchasing a house, downpayment vs. retirement and other considerations

I also live in the Boston area, am about your age, with about your income, and am currently buying a condo, and just wanted to chime in with the chorus that your plan makes me shudder with dread. I have run similar numbers, and agree with others that you likely will not have enough when including a...
by Jags4186
Wed May 23, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 116
Views: 2339

Re: Purchasing a house, downpayment vs. retirement and other considerations

Did you miss where I discussed the in-laws will help pay for up-front renovation work? Okay. I will say what most here will not say but are likely thinking: Do you want the pride of making it on your own or do you want to be kids suckling off your in laws for your whole life? Your entire message is...
by Jags4186
Wed May 23, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 116
Views: 2339

Re: Purchasing a house, downpayment vs. retirement and other considerations

You didn’t mention your actual salaries. But if the house is going to prevent you from reaching your other financial goals (like making you reduce your 401(k) contributions), then you may be getting in over your heads. Also consider what happens if one of you loses your job or decides to cut back y...
by Jags4186
Wed May 23, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 116
Views: 2339

Re: Purchasing a house, downpayment vs. retirement and other considerations

To buy a home that costs $1 million you shouldn't have to worry about lowering your 401k contributions to come up with the downpayment. You are buying way too much house. I wouldn't buy the house even if your in laws gave you $200k (bad idea to take it). You'll be stretched way too thin. As I said,...
by Jags4186
Wed May 23, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 116
Views: 2339

Re: Purchasing a house, downpayment vs. retirement and other considerations

To buy a home that costs $1 million you shouldn't have to worry about lowering your 401k contributions to come up with the downpayment. You are buying way too much house. I wouldn't buy the house even if your in laws gave you $200k (bad idea to take it). You'll be stretched way too thin.
by Jags4186
Wed May 23, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 71
Views: 4718

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

I can’t pretend to argue with efficient market hypothesis but my personal feelings are that which means I am not 100% total world market weight. I don’t want to be invested in Russia even if it’s 1% or less. I don’t want to be invested in Africa. I don’t want to be invested in South America. I don’t...
by Jags4186
Wed May 23, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: If you suddenly became a millionaire [exceed FDIC insurance limit]
Replies: 14
Views: 1786

Re: If you suddenly became a millionaire [exceed FDIC insurance limit]

Unless you want to jump through the hoops to get the 4.59% on the Rewards Checking at Consumers Credit Union. 4.59% on $250k would be almost $11,500, so it might actually be worth it. https://www.myconsumers.org/personal/checking You can only have 1 rewards checking account per person. Even if you ...
by Jags4186
Wed May 23, 2018 6:28 am
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 23
Views: 1178

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

Please keep in mind if you have:

Chase Sapphire Reserve
AMEX Premier Rewards Gold Card
AMEX Platinum
Citi Prestige

You already have roadside assistance via your membership fee. I’ve used my Chase card’s roadside assistance twice and never had an issue.
by Jags4186
Tue May 22, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman on Market Timing Discussion Thread
Replies: 10
Views: 1208

Re: Paul Merriman on Market Timing Discussion Thread

Paul Merriman is extremely wealthy. You can remain extremely wealthy even when making suboptimal choices. He apparently has made out quite well with his market timing system but he also admits that he could merely have been lucky.
by Jags4186
Tue May 22, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2615
Views: 496886

Re: What's Your Credit Card Rewards Strategy?

BeneIRA, Thank you for keeping me on track! I sometimes forget reasons for different cards. You are right: I can use Freedom Unlimited for un-bonused domestic purchases (and get URs) and continue using CapOne card for un-bonused foreign purchases. Cheers, Victoria Why wouldn’t you use your Sapphire...
by Jags4186
Tue May 22, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Three steps forward, two back with saving
Replies: 21
Views: 2604

Re: Three steps forward, two back with saving

There aren't very many tricks. Given a constant income, spending less is about the only way to save more. I suggest you take a look at all of your expenses and see what you can eliminate. One thing which I'm sure won't come across well is to eliminate hobby/lifestyle expenses. For example, I love do...
by Jags4186
Mon May 21, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2615
Views: 496886

Re: What's Your Credit Card Rewards Strategy?

BeneIRA, Thank you for keeping me on track! I sometimes forget reasons for different cards. You are right: I can use Freedom Unlimited for un-bonused domestic purchases (and get URs) and continue using CapOne card for un-bonused foreign purchases. Cheers, Victoria Why wouldn’t you use your Sapphire...
by Jags4186
Mon May 21, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1404673

Re: U.S. stocks in freefall

I don’t take it that way. For a buy and hold investor both can be true: When the market is going up you are rebalancing to your predetermined asset allocation. If, for example, your AA is 60/40 you don’t let it mushroom to 80/20. This is being “afraid when others are greedy”. When the market is dow...
by Jags4186
Mon May 21, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1404673

Re: U.S. stocks in freefall

About the only thing I do consistently is NOT follow the crowd. Been doing it all my life. Retired from work at 42 in 2007. I invest my money for a living. Basically, I study conventional wisdom, then reject it. It's a great way to get rich. Just buy and hold... You're timing the market and using "...
by Jags4186
Mon May 21, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10473

Re: The Millionaire Next Door and civil servants

After The Millionaire Next Door book was written in 1996, Thomas Stanley wrote The Millionaire Mind in 2000. In it he has It is less about investing in the stock market and much more about investing in ourselves, our careers, our professional practices, our private businesses and so forth. P. 12 Ma...
by Jags4186
Mon May 21, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2615
Views: 496886

Re: What's Your Credit Card Rewards Strategy?

I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 45K points per night. So we can get only two nights. What's wrong with getting two 'free' nights at, what appears to b...
by Jags4186
Mon May 21, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2615
Views: 496886

Re: What's Your Credit Card Rewards Strategy?

For me the best value is Marriott flights and hotel packages. https://www.marriott.com/rewards/usepoints/morepack.mi I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 4...
by Jags4186
Mon May 21, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1576

Re: Almost half of US families can't afford basics like rent and food

From the article: For instance, in Seattle's King County, the annual household survival budget for a family of four (including one infant and one preschooler) in 2016 was nearly $85,000. When I look at this in comparison to global poverty levels, I have to wonder what is out of balance. Is the purc...
by Jags4186
Mon May 21, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1576

Re: Almost half of US families can't afford basics like rent and food

Causes are globalization and automation. Answer is education and initiative (not handouts). Work hard in elementary and secondary schools. Don't get pregnant before you can support a child. Go to college if you have the ability or take up a trade. Everyone in this country has the opportunity to imp...
by Jags4186
Mon May 21, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1576

Re: Almost half of US families can't afford basics like rent and food

Seems like the only meaningful response would turn political pretty quickly. As such "move to the work" seems to be the best response for younger people (and some older). IMO I really doubt the article (and I read the full one published a few days ago) which said HALF of the households in the US ha...
by Jags4186
Mon May 21, 2018 6:41 am
Forum: Investing - Theory, News & General
Topic: Edelman & Financial Engines merging
Replies: 30
Views: 2605

Re: Edelman & Financial Engines merging

These are Edelman’s fees. 1.4% on the first million. You need a bit over $2 million before you’re under 1% AUM.

Image
by Jags4186
Sun May 20, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: How long to hold 80/20 asset allocation
Replies: 57
Views: 7963

Re: How long to hold 80/20 asset allocation

I’m 40 and at 90/10. Quite comfortable with this mix. I honestly don’t know if I’ll ever go more bonds. This doesn’t count my house which is 20% NW. I’ve invested through 2000 and 2008 crashes. I look at next crash as good buying opportunity as I throw 30%-40% annually into stocks. I wonder if you ...
by Jags4186
Sun May 20, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2615
Views: 496886

Re: What's Your Credit Card Rewards Strategy?

I want to get CSR . - I have CSP for which I have received a bonus more than 2 years ago. - I am under 5/24. - I have other Chase cards that can keep my URs. Question-1 : After I cancel CSP, how soon will I be able to get CSR with bonuses? - One of the bloggers had a recent discussion on this topic...
by Jags4186
Sun May 20, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 7588

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Sorry about your situation. There's no way $1.5M will reliably generate anywhere near $5k/mo, and remember you have to account for inflation. In your situation a 2% withdrawal rate would be aggressive, and remember that SS benefits may be not indexed to your inflation rate, just some arbitrary infl...
by Jags4186
Sun May 20, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Difference in Emerging and Small Cap?
Replies: 4
Views: 254

Re: Difference in Emerging and Small Cap?

Yes. That is really all I want to know. Thanks for links I’ll read . Sometimes a personal explanation clears it up for me. People are so good on explaining things. Appreciate links Small cap has to deal with the size of the company. Emerging markets has to deal with which country the company is in....
by Jags4186
Sun May 20, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 7588

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

OP, What are you doing for health insurance? I assume you got that through your husbands employment? You'll have significant income via these assets and SS and will likely have to pay a fair amount through the exchange. Not sure if that is included in your $9000/mo budget. With regards to weddings a...
by Jags4186
Sat May 19, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 316
Views: 21871

Re: Lucrative careers?

OP here, just to answer some questions ppl asked: My experience is around 2 years(no ad yet) completed at a local college(no top school or anything) with a 3.5 mostly general classes (history, bio, math, etc). Math is by far my worst subject I’ve done construction for a few years and then took care...
by Jags4186
Sat May 19, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5102

Re: Finance a $28,000 house for Brother?

If you really want to help your brother out you could give him $28,000. Alas you don’t have $28,000 so you can’t help him out.
by Jags4186
Sat May 19, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: SWPPX vs Vanguard Institutional 500 Index TRUST
Replies: 6
Views: 438

Re: SWPPX vs Vanguard Institutional 500 Index TRUST

Ok so given I only have the option of the Vanguard Instirutional 500 Index TRUST, I would prefer to be in a total market fund. Should i move that money to Schwab to buy their total market fund or would y'all recommend i essentially build a "total market fund" across 2 funds, 77% or so in the TRUST ...
by Jags4186
Sat May 19, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 7963

Re: Dave Ramsey it or keep low interest debt

I doubt any millionaire attributes their wealth to the spread on investments made vs. low APR CONSUMER debt. I think you could even expand this discussion to cash back credit cards that offer small rewards. During a purchase, has your mind ever said, “at least I get 2% cash back on this large purch...
by Jags4186
Fri May 18, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 7963

Re: Dave Ramsey it or keep low interest debt

As others have posted borrowing money for things like cars puts you in the payment trap. What’s another $50/mo..? However if you decide your budget, stick to your budget and then get offered 0% then you should consider taking it. After all a 5 year 0% loan can be off set with a 5 year 3.2% CD. In yo...
by Jags4186
Fri May 18, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1566

Re: Are you including annual increases in contributions in your projections?

No because I'm in a stage of life where my expenses are increasing. Over the next 6-24 months I assume our savings rate will drop from 60% of gross down to 30% of gross assuming we're employed full time throughout.
by Jags4186
Fri May 18, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Bonded Leather [Office chair]
Replies: 18
Views: 2181

Re: Bonded Leather [Office chair]

sport wrote:
Fri May 18, 2018 10:13 am
Jags4186 wrote:
Fri May 18, 2018 6:25 am
I’d just buy a new non leather chair.
That is what I did, a year and a half ago.
Hah! I did not notice your original time stamp.
by Jags4186
Fri May 18, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Bonded Leather [Office chair]
Replies: 18
Views: 2181

Re: Bonded Leather

I do not want to repair it. That would be hopeless. I would just like to stop the peeling. Wrap it with duct tape! Exactly what I was going to suggest. Wrap it in duct tape then put a cover over the chair. Done. Of course I wouldn’t bother with all that aggrivation...I’d just buy a new non leather ...
by Jags4186
Fri May 18, 2018 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 3987

Re: Surgeon salary vs owning a business salary/profit?

A $500-$700k income puts you near, but not quite at the top 0.1% of earners in the country. The probability of making $500k-$700k therefore is tiny regardless of profession. I might suggest some other professions for you that would almost guarrantee you make you that type of money: Executive at fort...
by Jags4186
Fri May 18, 2018 5:48 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3246

Re: Road trip Newark NJ to Albany

Keep going past Albany and go to Lake George/Lake Champlain/Ticonderoga area.
by Jags4186
Fri May 18, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a custom retirement savings calculator for Airline pilot Direct contribution
Replies: 15
Views: 1197

Re: Looking for a custom retirement savings calculator for Airline pilot Direct contribution

What do you project your total annual savings each year, from all sources, will be for your remaining work years?

Without being able to answer that question, no one can help you.
by Jags4186
Thu May 17, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1566

Re: Are you including annual increases in contributions in your projections?

I assume my contributions will sharply decrease in the coming years. I’m getting into the “expensive” part of life—home ownership and children on the way. Fortunately if we never add another dime to our investments and simply survive hand to mouth for the next 35 years we should be okay to retire at...
by Jags4186
Thu May 17, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 29
Views: 2176

Re: Do I pay towards my mortgage or invest?

I don’t think we’re in a payoff or invest conundrum. Unless there is a another meltdown interest are going to continue to rise and you soon be able to buy CDs paying more than 3.875%. If and when that is the case it will never make sense to accelerate payments.
by Jags4186
Thu May 17, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 29
Views: 2176

Re: Do I pay towards my mortgage or invest?

OP, I would be in no rush to pay down a 3.875% fixed loan. You may soon be able to purchase intermediate duration CDs paying more than 3.875%. Look at your overall financial situation: 1) Do you have adequate cash reserves/emergency fund? 2) Are you fully funding your 401k/403b/457/IRA/Roth IRAs? 3)...
by Jags4186
Thu May 17, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Small caps and Micro caps
Replies: 6
Views: 493

Re: Small caps and Micro caps

US small caps have outperformed US large caps 29/44 prior years.
US micro caps have outperformed US large caps 25/44 prior years.

Seems to me it’s business as usual.
by Jags4186
Thu May 17, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Simple Index Fund Question
Replies: 12
Views: 1032

Re: Simple Index Fund Question

Thank you Okay so just to make sure I am understand correctly. QQQ is a EFT and their ask price is $169. That’s $169 per share so if all I would own for $169 is one share? Correct? If I wanted 10 I would spend $1,690 ($169x10) Whereas a vanguard mutual fund, for example, VQNPX growth and income, ha...
by Jags4186
Thu May 17, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 781

Re: Recast mortgage?

A no cost way to lower your monthly nut? I’d do it in a heartbeat.
by Jags4186
Thu May 17, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: What would you do? takes 6 months to fix a Tesla Model S
Replies: 33
Views: 2534

Re: What would you do? takes 6 months to fix a Tesla Model S

[OT comment removed by moderator prudent] We have owned a Tesla Model S now going on 6 years and it has had a few collisions, ... I'm trying to imagine owning a Tesla (or any car) and colliding in it "a few" times over 6 years. :shock: It’s a safe car! Whats the point of having a safe car if you ar...
by Jags4186
Thu May 17, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2765

Re: Urgent: escrow situation in bay area

Do you expect income to rise dramatically? If the economy turns will it be difficult to get a job? 43 years old in tech can be “old”. Based on the income I’m guessing the husband isn’t very senior if new college grads are making $100k+ in tech. Does the wife have the ability to go out and get meanin...
by Jags4186
Thu May 17, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4543

Re: somebody is using our address

Notify your local Post Master, who should notify your local Postal Inspectors. The post office has its own law enforcement division to investigate precisely this sort of thing. +1. Exactly. Postal fraud is serious business, people go to jail for those kind of offenses. Look up Postmaster General. h...
by Jags4186
Thu May 17, 2018 6:46 am
Forum: Personal Consumer Issues
Topic: What would you do? takes 6 months to fix a Tesla Model S
Replies: 33
Views: 2534

Re: What would you do? takes 6 months to fix a Tesla Model S

You could look into one of those lease swaps where people are looking to get rid of their car. You might be able to find someone with 6 months remaining on the lease which would line up perfectly. No car insurance I'm aware of provides rental coverage for 6 months, so *shrug*. Usually its 30 days ma...
by Jags4186
Wed May 16, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Lower cost but similar alternatives to these American Funds in my Roth IRA?
Replies: 9
Views: 427

Re: Lower cost but similar alternatives to these American Funds in my Roth IRA?

Regarding American Funds in general, some of the lower-fee no-load R6 institutional class funds are available to me through TIAA, but are not available to most individual investors; surprisingly they have regularly outperformed benchmarks over many years, defying the mantra that active management a...
by Jags4186
Wed May 16, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2615
Views: 496886

Re: What's Your Credit Card Rewards Strategy?

Q: Does the Costco Anywhere Visa from Citi code Costco Food Court purchases as restaurant (3%) or just regular Costco purchases (2%)? You must be buying a lot of $0.99 hot dogs :sharebeer 99-cent hot dogs? My local Costco charges $1.50. TravelforFun Don’t brag about splurging for the hot dog/soda c...