Search found 49 matches

by WingsFan4Life
Fri Feb 14, 2020 5:33 pm
Forum: Personal Investments
Topic: Who’s Buying Bitcoin?
Replies: 307
Views: 18918

Re: Who’s Buying Bitcoin?

https://digiconomist.net/bitcoin-energy-consumption This is the reason why I don't believe bitcoin is the future. The carbon footprint of the currency is the size of New Zealand and the energy use per year is the same as Chile, just to keep the transactions rolling. One transaction has the same carb...
by WingsFan4Life
Fri Dec 13, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: Opinions - used 2005 Toyota Corolla with only 87,000 miles?
Replies: 43
Views: 2848

Re: Opinions - used 2005 Toyota Corolla with only 87,000 miles?

Try to negotiate down. Seems a little high for a 15 y/o car. Other than that, older Corollas are great.
by WingsFan4Life
Wed Oct 16, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5501

Re: Prenuptial agreement for moderately successful 30 year olds

Many older bogleheads dont understand that times have changed. Marriages dont last. I'm also in my 30s as OP. OP, this is great way to protect your capital. Many people start prenup shaming us just because they had 50-60-70 year marriages. They dont understand how happy they are having such a long ...
by WingsFan4Life
Wed Oct 16, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5501

Re: Prenuptial agreement for moderately successful 30 year olds

Many older bogleheads dont understand that times have changed. Marriages dont last. I'm also in my 30s as OP. OP, this is great way to protect your capital. Many people start prenup shaming us just because they had 50-60-70 year marriages. They dont understand how happy they are having such a long ...
by WingsFan4Life
Sun Jul 21, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: When family members fight over the check when out to eat
Replies: 103
Views: 8930

Re: When family members fight over the check when out to eat

I would just let him pay and be happy I'm getting a free meal.
by WingsFan4Life
Wed Jul 03, 2019 6:52 am
Forum: Personal Investments
Topic: Pick one: $135,000 rental property or $110,000 in REITs
Replies: 89
Views: 12416

Re: Pick one: $135,000 rental property or $110,000 in REITs

If you have $110K in cash, you can own more than $135K in rental property using the magic known as financial leverage :D
by WingsFan4Life
Wed Jun 26, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting/Expense tracking
Replies: 39
Views: 3111

Re: Budgeting/Expense tracking

You Need A Budget (YNAB4). Bought it on sale on Steam years ago before they came out with the subscription based one. I think it can be used by anyone in any financial situation.
by WingsFan4Life
Sat Jun 22, 2019 4:23 pm
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 9004

Re: How do you approach tipping at carry-out restaurants

Minimum suggested tip on receipts is 18% now. I just laugh and tip 10%.
by WingsFan4Life
Tue May 21, 2019 11:08 am
Forum: Personal Investments
Topic: Taxable account even though cant max out 401k yet?
Replies: 18
Views: 1737

Re: Taxable account even though cant max out 401k yet?

I would say no, but maybe there are reasons for it you did not include in your post.
by WingsFan4Life
Mon Apr 29, 2019 3:09 pm
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34732

Re: Man’s life savings stolen from hijacked cellphone number

Here is how the blue tooth attack works and how I saw it done. I was standing outdoors in line of people on the San Francisco pier behind ATT stadium waiting for a ferry. Many of us were talking and many were using their phones so they were logged on. The bad guy was strolling around near us. His I...
by WingsFan4Life
Mon Apr 29, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Overfunded 401k
Replies: 10
Views: 969

Re: Overfunded 401k

Have you checked to see if there is a vesting schedule on the 401k. I don't how she could have over funded in 2 months unless she made really good money and put in a huge percentage. Could be something tied to the rules of the 401k, but either way, her money should be her money. If there was a vest...
by WingsFan4Life
Mon Apr 29, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Overfunded 401k
Replies: 10
Views: 969

Re: Overfunded 401k

Did she actually have her 401k overfunded? Check the statements first before you do anything.
by WingsFan4Life
Thu Apr 18, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Windows 7 end of support - Jan 14, 2020
Replies: 107
Views: 9095

Re: Windows 7 end of support - Jan 14, 2020

samsoes wrote: Thu Apr 18, 2019 9:22 am To borrow a phrase, "they'll have to pry Windows 7 out of my cold, dead hands."

Windows 10 is an abomination.
Interesting take, however, I don't agree with you at all. I've had no issues with W10 and run it on four of my computers.
by WingsFan4Life
Fri Apr 05, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 9920

Re: Married couples: can you have a team mentality with separate finances?

My wife and I have separate accounts and a shared account, but its just financial semantics. Its all "our" money. Marriage is a 50/50 partnership, unless you're polygamous I guess.. :P
by WingsFan4Life
Sat Oct 06, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 155
Views: 15234

Re: What is your annual cost for health insurance?

I pay $0 in premiums through work, but have a $3,000 deductible/$6,000 max.
by WingsFan4Life
Fri Aug 17, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 36
Views: 5948

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

My cash management account only has FDIC sweep available as the core position. How do you set up the account using money market? Do you just purchase the fund? How do you get it to auto liquidate when cash is needed? Thanks.
by WingsFan4Life
Wed Jul 25, 2018 3:30 pm
Forum: Personal Investments
Topic: Non Ira investment account
Replies: 22
Views: 1925

Re: Non Ira investment account

Vanguard, Fidelity, or Schwab are the recommendations around these parts.
by WingsFan4Life
Tue Jun 13, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Rollout Begins for Person-to-Person Digital Payments Backed by Banks
Replies: 25
Views: 4798

Re: Rollout Begins for Person-to-Person Digital Payments Backed by Banks

But you mentioned needing the other person's banking info What's wrong with that? Outside of the antiquated US banking system, having someone's bank details doesn't mean anything. I have the bank details for dozens of friends and vendors. Sending someone a 10 digit phone number is no easier than se...
by WingsFan4Life
Mon Jun 12, 2017 1:41 pm
Forum: Personal Investments
Topic: Starting Out
Replies: 5
Views: 904

Re: Starting Out

I am just starting out investing and was wondering where I should start. I am 21 years old have no debt and have $500 to start me investment account with. Should I go through a brokerage or use an application like wealthfront? Open a Roth IRA with Fidelity or Vanguard. I think you can start investi...
by WingsFan4Life
Fri Dec 16, 2016 11:19 am
Forum: Personal Consumer Issues
Topic: Netflix Question
Replies: 30
Views: 5280

Re: Netflix Question

If you set up netflix on a computer, she will be able to see your account info. The credit card will only show the last 4 digits.
by WingsFan4Life
Wed May 18, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Major - Accounting or Finance
Replies: 41
Views: 1394

Re: Major - Accounting or Finance

I have an accounting degree and have the designation Certified Management Accountant (CMA) from the Institute of Management Accountants. That said, I did not graduate from top 25-75 ranked school. I now work as a pricing analyst for a major automotive supplier. Before that I worked a Koch Brothers o...
by WingsFan4Life
Thu Jan 28, 2016 1:35 pm
Forum: Personal Investments
Topic: Eating money eating out! Going on a 401k diet. Help!
Replies: 27
Views: 3940

Re: Eating money eating out! Going on a 401k diet. Help!

* Salary: $58k * Net pay: $3,927/mo * Last month’s spending: * Rent: $1,125 * Utilities: $172.50 * Phone: $40 * Food: $200 * Eating out: about $1,200 * Shopping: about $1,300 Thanks all! How do you bring home almost 4000 net pay on 4833 gross per month while contributing 6% and probably paying for ...
by WingsFan4Life
Sun Jan 17, 2016 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: [ I have] overspent this month.
Replies: 30
Views: 5307

Re: You overspent this month.

So you didn't really overspend, you over-saved. Or something... You are getting a bit too focused on your budget. Money is fungible. You will have exactly the same amount of money this month regardless of which account you take it from. Correct. Theoretically I did not over spend as I have not come...
by WingsFan4Life
Tue Jan 12, 2016 1:11 pm
Forum: Personal Investments
Topic: Liquidated to transfer accounts, should I wait to get back in?
Replies: 17
Views: 1740

Re: Liquidated to transfer accounts, should I wait to get back in?

Buy right now. It's still going to take a few days for Fido to get the money invested. I put money into my Roth and it JUST showed in my total US Stock fund. I transferred a week ago. The cash is sitting in my Fidelity accounts, so wouldn't any purchases I make be immediate? Yes. Orders would be fi...
by WingsFan4Life
Sat Jan 09, 2016 6:26 am
Forum: Investing - Theory, News & General
Topic: worst first four opening days in HISTORY for S&P 500
Replies: 125
Views: 18031

Re: worst first four opening days in HISTORY for S&P 500

I always liked Larry's idea of quantifying loss in table form below. I recommend putting those percentages into dollars. Example: $1M portfolio that experiences a 20% portfolio decline = - $200,000. For someone in their 50's who's maxing out their 401-K at $18,000 /year + $6,000 catch up ($24,000) ...
by WingsFan4Life
Fri Jan 08, 2016 5:40 pm
Forum: Investing - Theory, News & General
Topic: worst first four opening days in HISTORY for S&P 500
Replies: 125
Views: 18031

Re: worst first four opening days in HISTORY for S&P 500

I always liked Larry's idea of quantifying loss in table form below. I recommend putting those percentages into dollars. Example: $1M portfolio that experiences a 20% portfolio decline = - $200,000. For someone in their 50's who's maxing out their 401-K at $18,000 /year + $6,000 catch up ($24,000) ...
by WingsFan4Life
Mon Nov 16, 2015 7:53 pm
Forum: Personal Investments
Topic: Google/Alphabet not a top 10 holding in Fidelity/Spartan Total Market Index Fund?
Replies: 2
Views: 661

Re: Google/Alphabet not a top 10 holding in Fidelity/Spartan Total Market Index Fund?

There are 2 different classes of shares that are 14th and 15th. That's why.
by WingsFan4Life
Thu Jun 18, 2015 11:53 am
Forum: Non-US Investing
Topic: Should I give up: Non-resident alien living in the US wants to buy MF?
Replies: 7
Views: 4941

Re: Should I give up: Non-resident alien living in the US wants to buy MF?

slbnoob wrote:Check the requirements to be a 'resident' or 'U.S. person' for tax purposes. My guess is you already are.
Your guess is wrong. One can be a non-resident for tax purposes for up to 5 years with an F-1 visa.
by WingsFan4Life
Wed Jun 17, 2015 1:36 pm
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 16268

Re: "Phantom" Tipping

I enter everything into You Need A Budget so I will definitely know if something is off. Also, I am an accountant so it's not hard to see something doesn't reconcile. :beer
by WingsFan4Life
Sat Jun 13, 2015 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Personal accounting software
Replies: 23
Views: 4743

Re: Personal accounting software

YNAB said they are not participating in this summer's Steam sale.

https://twitter.com/ynab/status/608703435303739392
by WingsFan4Life
Fri Jun 12, 2015 7:35 pm
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 13096

Re: Aren't bogleheads predicting the long term?

We aren't predicting anything. No risk, no return. Who knows what is going to happen, but by investing in the total world stock market and total bond market you should reduce the risk quite a bit.
by WingsFan4Life
Tue Jun 09, 2015 9:02 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20208
Views: 2755991

Re: U.S. stocks in freefall

jpelder wrote:
WingsFan4Life wrote:Is this the beginning of the next correction?
.68% in a day? That sounds like a little blip to me. It's changed by >5% on at least 30 days in the past 30 years
Sorry I should have put "/s" at the end of my question. For some reason, a couple of down weeks made me think of this thread. :beer
by WingsFan4Life
Mon Jun 08, 2015 3:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20208
Views: 2755991

Re: U.S. stocks in freefall

Is this the beginning of the next correction?
by WingsFan4Life
Sun May 03, 2015 6:53 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 25708

Re: Will you buy self-driving car?

Oh yes! Can't wait to sleep through most of a 12+ hour drive home :happy
by WingsFan4Life
Thu Apr 30, 2015 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: FIA Card Services website
Replies: 18
Views: 3450

Re: FIA Card Services website

I just log on to Fidelity and use Billpay from my Cash Management account. Takes literally 2 seconds. I don't believe you should use auto pay if you don't track your spending. You should review your transactions before paying.
by WingsFan4Life
Sun Apr 26, 2015 3:09 pm
Forum: Personal Consumer Issues
Topic: Thinking about a new desktop PC.
Replies: 55
Views: 7093

Re: Thinking about a new desktop PC.

I built my first desktop computer about 2 months ago, and that is the way to go. If you go this route, you should give yourself plenty of time to research the hardware and other components you want.
by WingsFan4Life
Sat Apr 25, 2015 9:51 pm
Forum: Personal Consumer Issues
Topic: [new position, facing an] hour commute (each way)
Replies: 52
Views: 12944

Re: does anyone have an hour commute (each way?)

I drive about 55 miles each way, which works out to be about 1:05 to 1:10.
by WingsFan4Life
Mon Feb 23, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: What % of your gross income do you spend on mortgage/rent?
Replies: 155
Views: 33495

Re: What % of your gross income do you spend on mortgage/ren

Rent = 4.7% of gross income, not including utilities.
by WingsFan4Life
Thu Feb 19, 2015 2:12 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 288
Views: 37803

Re: What video games are you currently playing?

I have been playing Europa Universalis 4 and Guild Wars 2 lately.
by WingsFan4Life
Wed Feb 18, 2015 12:22 pm
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 333
Views: 70567

Re: What is your favorite consumer product?

ResearchMed wrote:
WingsFan4Life wrote:Coffee and Beer! :sharebeer
Interesting combo beverage.

And, um, I would have guessed your favorite was.... "wings", WingsFan :happy

RM
Coffee for the morning; beer for after work!

I do like wings, but I prefer a higher meat to bone ratio. :D
by WingsFan4Life
Wed Feb 18, 2015 11:52 am
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 333
Views: 70567

Re: What is your favorite consumer product?

Coffee and Beer! :sharebeer
by WingsFan4Life
Wed Feb 18, 2015 11:50 am
Forum: Personal Investments
Topic: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)
Replies: 90
Views: 11216

Re: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)

I am 29 and right now mine is 83/17. I don't plan on going lower than 15% or over 20% bonds. *edit: for now.
by WingsFan4Life
Wed Jan 14, 2015 9:33 am
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 162
Views: 36570

Re: What was your costliest investment mistake?

Wasting money on college right out of high school without knowing what I wanted to do.
by WingsFan4Life
Sun Sep 07, 2014 7:07 pm
Forum: Investing - Theory, News & General
Topic: If you won the lottery, does boglehead thinking still work?
Replies: 39
Views: 4185

Re: If you won the lottery, does boglehead thinking still wo

If you won the lottery, I don't think you need to worry.
by WingsFan4Life
Mon Jul 21, 2014 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 8942

Re: Poll - Do you use Quicken?

I use You Need A Budget (YNAB).
by WingsFan4Life
Sat Jul 19, 2014 8:43 pm
Forum: Personal Investments
Topic: Roth 401k conversion
Replies: 9
Views: 1117

Re: Roth 401k conversion

If my income was over the limit for a reg Roth, are contributions allowed to a Roth 401k? Our married filing jointly MAGI will be over $200k. That is why I was thinking my only option was a conversion. If your income is that high, you might want to stick with traditional unless you are fairly young...
by WingsFan4Life
Fri Jul 18, 2014 6:57 pm
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 11280

Re: If you own a car, do you have a car payment?

I technically have a car payment, as it is rolled in with a student loan that I refinanced with my dad.