Search found 365 matches

by grettman
Sun Aug 12, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 66
Views: 3823

Re: How often do you check your brokerage accounts

Once a month to (1) Ensure I wasn't hacked / taken for a ride and (2) to track progress.
by grettman
Wed Aug 08, 2018 4:02 am
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4011

Re: Would you pay this mortgage off?

Toons wrote:
Tue Aug 07, 2018 3:03 pm
I would if it were my mortgage
No doubt
:happy
Ditto. That is if you are maximizing your tax sheltered opportunities.

Others disagree but in my view debt is debt. Don't owe anything to anybody if you can help it.
by grettman
Mon Aug 06, 2018 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5138

Re: Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. Zero comfort level. Any outstanding balance at all on any of my credit cards makes me itch. I check the card balances daily, and pay them off two to three times a week. Excessive, perhaps, but that's just me. Same her...
by grettman
Sun Aug 05, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: How does one become a financial advisor?
Replies: 34
Views: 2248

Re: How does one become a financial advisor?

maybe im not being clear. there would be no management, no AUM, no executing trades. just pay per use, review/consulting type of info. like my example: show me your 401k options, here is the best portfolio you can make in this % based on you AA, etc, etc. thank you, that will be $100. If you just w...
by grettman
Tue Jul 31, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: DOOM!!!!! Morgan Stanley warns
Replies: 41
Views: 4760

Re: DOOM!!!!! Morgan Stanley warns

Marketwatch --- garbage. CNBC --- garbage. Bloomberg -- garbage. recycled garbage day in and day out. One article will talk about doom while another talks about how rosy things will be. Wash, rinse, and repeat. Some of these postings happen multiple times a day. Oh and these firms with their predict...
by grettman
Sun Jul 29, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Is Jim Cramer a Closet Boglehead?
Replies: 22
Views: 2242

Re: Is Jim Cramer a Closet Boglehead?

No he isn't. I haven't watched him in a while but when I did, he introduced a segment once a week that was tailored to the average investor who needs retirement investment advice. So he dedicated about 3-5 mins to chant about low cost index funds (usually on Friday but not always). 99.98% of his sho...
by grettman
Sat Jul 21, 2018 5:51 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 75
Views: 10904

Re: I may have understood why it's so hard to save and invest

I still remember my first 401k contribution. I was entry-level at the time, making good money but mostly living paycheck to paycheck and paying down debt. I felt like I was throwing money away, it was such a small amount. I kept putting money in there. A few bucks at a time, chump change. Every lit...
by grettman
Wed Jul 18, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7048

Re: How do you handle the urge to DO something?

The Boglehead philosophy is to decide on your long term investment strategy, allocate your assets accordingly and then do nothing outside of an annual rebalance for the next 20/30/40/50+ years. That is difficult for me because I am a doer, I have to struggle daily to just leave it. My brain knows i...
by grettman
Sat Jul 14, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14066

Re: Early retirement

Talking about your early retirement situation is in territory similar to talking about paid for houses and net worth. Personally, I wouldn't offer information about my retirement status. If asked, depending on who they are if I am asked about it I may or may not share. What good comes from talking a...
by grettman
Thu Jul 12, 2018 6:03 am
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3828

Re: Auto Tariffs: time to buy?

Have you considered waiting to buy one of the newer models that burns coal? Or the solar model from years past.......... Solar models won't get enough sun through the haze from the coal models. . . . ..and the haze caused by all the fossil fuel burning power plants that source the electricity for t...
by grettman
Tue Jul 03, 2018 9:33 pm
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3445

Re: How do I fix my heating bill?

1. Turn the heat down to 60 degrees. We do that all winter. Ditto above. We set the thermostat at 60 in the winter. I would go lower if I could but don't want to risk freezing pipes. We have a space heater in the bedroom set at ~68 and just put on a jacket if we need to go to the kitchen. that's no...
by grettman
Fri Jun 29, 2018 3:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 477
Views: 46252

Re: Pulled the trigger and paid off the house today

Congrats to the OP! :beer On the subject of parties and friends.... I would never throw a party (or even share with anybody other than immediate family) because I paid off a mortgage. It could easily come across as bragging about success (right there with co-workers who threw parties to celebrate t...
by grettman
Mon Jun 25, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Waiting for a market drop?
Replies: 17
Views: 2399

Re: Waiting for a market drop?

mortfree wrote:
Mon Jun 25, 2018 4:00 pm
VTI still above $140. Not yet time for me to buy
Meanwhile, the savvy investor who doesn’t market time, buys systematically all the time as this could be the last time we see the market at this level.
by grettman
Fri Jun 22, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 108731

Re: Anyone regret paying off mortgage early?

No, I will not pay off my mortgage early. I am at 2.5% fixed. I rather grow my portfolio than wasting the opportunity cost to build wealth. That "sense of security" is too costly. A friend of mine paid off his house rather than saving for FIRE. All of his net worth is sitting still in home equity a...
by grettman
Wed Jun 13, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 108731

Re: Anyone regret paying off mortgage early?

This thread started in 2012. I wonder if anybody who responded back then now regrets having put all that money into their home equity instead of having that several hundred thousand dollars invested into the stock market at the beginning of a multi year bull run? The returns in the market have grea...
by grettman
Mon Jun 11, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 747
Views: 210115

Re: Share your net worth progression

Am I the only one who thinks these threads are pretty useless, and are their own warped version of comparing yourself to others and keeping up with the Jones's? No. In fact, they are worse than useless because comparisons can lead you to change your individual behavior which may cause more harm tha...
by grettman
Sat Jun 09, 2018 5:31 am
Forum: Investing - Help with Personal Investments
Topic: Can someone look at this for me... Did I really lose all this money?
Replies: 16
Views: 3506

Re: Can someone look at this for me... Did I really lose all this money?

PFInterest wrote:
Sat Jun 09, 2018 1:54 am
It looks like you withdrew a bunch of money.
The chart reads that the data represents "returns". If the OP withdrew money Vanguard codes that as withdraw right?
by grettman
Sat Jun 09, 2018 5:29 am
Forum: Investing - Help with Personal Investments
Topic: Can someone look at this for me... Did I really lose all this money?
Replies: 16
Views: 3506

Re: Can someone look at this for me... Did I really lose all this money?

Now I'm thinking that this was a terrible decision if the market's in a downturn. Not sure about your particular situation but that statement right there gives off alarm bells and I highly recommend you read the wiki on this site and get up to speed about investment basics and behavior. You are doi...
by grettman
Thu May 24, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17324

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I am paying mine off (3.5%). I max pre-tax accounts, I have an emergency fund, and I have a moderate amount of taxable $$ in VTI. From a risk perspective I want to pay down my mortgage as I have the other bases covered.
by grettman
Tue May 22, 2018 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond Market
Replies: 12
Views: 2027

Re: Total Bond Market

They (and I don't know who "they" are) always say to only invest in things you understand. For many years I have tried to understand why I should invest in bonds (where principal is at risk) and NOT a CD ladder. I am just not smart enough to understand... so I won't invest in bonds or bond funds. Fo...
by grettman
Thu May 17, 2018 4:07 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8862

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Old actors, with have careers that have long passed them by, advertise for gold and silver on cable TV in the wee hours of the night. That is all I need to know about gold and silver. Gold and silver are in the same class as the "Thigh Master"..... which made Suzanne Somers rich but I doubt it did a...
by grettman
Tue May 15, 2018 2:35 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 49
Views: 3338

Re: How did you fall in love with investing?

I want to be free of *having* to go to work every day.

I want that freedom sooner than later.

I don't love investing.

It is something I just have to do in order to be free.
by grettman
Sun May 13, 2018 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise feedback needed
Replies: 9
Views: 866

Re: Ameriprise feedback needed

sergeant wrote:
Sat May 12, 2018 9:51 pm
You can use the search function located in the upper right of this page.
-1
by grettman
Fri May 11, 2018 4:41 am
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4633

Re: Should I pay cash for a house?

Pay cash unless you can put that money some where that will have a *guaranteed* rate of return which is greater than the interest rate you would get on the loan. I am aggressively paying down my mortgage because I want to be free of debt. I would not choose to get into debt so I am giving you the ad...
by grettman
Mon May 07, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2282

Re: Need encouragement with holding my bond fund assets

Remind yourself why you bought bonds in the first place. It was not for return, was it? It was to protect yourself against volatile stock losses, right? They are still serving that purpose. When stocks fall again (and they will), the bonds will probably become more desirable and even if you have a ...
by grettman
Sun May 06, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Do we spend too much on food?
Replies: 71
Views: 6537

Re: Do we spend too much on food?

AlohaJoe wrote:
Sun May 06, 2018 12:05 am
According to the BLS (instead of anecdotes):
Hey AlohaJoe,

Thanks for mentioning BLS. I went to the website to see what other cool stuff they have and can't find anything other than unemployment data.

Would you mind posting a link to where you go this information?
by grettman
Sun May 06, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Do we spend too much on food?
Replies: 71
Views: 6537

Re: Do we spend too much on food?

I would guess and say we spend about 800 per month on food for a family of 4. This doesn't include household items.

We rarely eat out. Let's say 1 a month at best.

We order in pizza on a Fridays.
by grettman
Thu May 03, 2018 5:52 am
Forum: Investing - Help with Personal Investments
Topic: How to treat a mortgage in context of long term investment
Replies: 12
Views: 1301

Re: How to treat a mortgage in context of long term investment

Chan_va wrote:
Thu May 03, 2018 1:09 am
Op, you are mostly right with 2 caveats

1. The "duration" of a 30 year fixed rate mortgage is closer to 9 years, so you would compare it to a bond of that duration.
Why?
by grettman
Wed May 02, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Help me get on top of some debt before college expenses arrive...
Replies: 50
Views: 3067

Re: Help me get on top of some debt before college expenses arrive...

I do wonder if those telling me I'm in financial trouble missed the part about having $500k of after-tax investments and a net worth including home equity of about $2.2 million which is about 3x my debt. I could wipe out the car loans, 401k loans, the HELOC and most of the first mortgage in a momen...
by grettman
Sun Apr 29, 2018 5:43 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 477
Views: 46252

Re: Paid Off Mortgage Today

Congratulations!!!!! I am going through the process now....I will have it paid off in about 4 years but progress is like watching paint dry!
:sharebeer
by grettman
Mon Apr 23, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with extra 50k? Still struggling.
Replies: 26
Views: 2446

Re: What to do with extra 50k? Still struggling.

I am in similar situation—. Similar 539 balances with similar aged kids. I am attacking my mortgage with a vengeance. I hate debt —. If the 529 doesn’t cover college, I will cash flow the rest. I max retirement.
by grettman
Thu Apr 19, 2018 4:25 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with Mr Cooper
Replies: 16
Views: 3533

Re: Paying off mortgage with Mr Cooper

CONGRATULATIONS on paying off your home. Job well done.
by grettman
Wed Apr 04, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 6332

Re: 2018 Camry. What's wrong with me?

It’s a Camry!
by grettman
Tue Apr 03, 2018 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 34
Views: 7444

Re: Sad because I did not know what I was doing with inheritance

i Have made numerous costly mistakes. So have many others here. Unlike your mistake, I can’t easily quantify mine and it would do more harm than good anyway. Keep your head down and move on.... stay in th game but do so smartly. Learn from it and you will slowly, methodically, and effortlessly becom...
by grettman
Mon Apr 02, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6714
Views: 1463112

Re: U.S. stocks in freefall

While a 10% drop in the markets is called a correction.... It isn't a real correction until the CASH IS KING and BUY GOLD crowd start coming out of the woodwork! I think we are here folks. It will also be a noteworthy period when the "What are you up YTD?" and "FIRE" crowd starts to chatter with neg...
by grettman
Sat Mar 31, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 18837

Re: Are we missing recession /bear market beginning

It seems to me that on most days recently , the stock market is down on some excuse or other . It used to be the other way round till recently . Is this because a bear market / recession has already started ? Any changes to my portfolio I should be making? No one knows (despite what they might say)...
by grettman
Fri Mar 30, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 10463

Re: How Do You Value Your Home for Net Worth Purposes?

I do not include my house in my net worth calculations.

I don't include my car and my sofa either.

I track all investable assists.

I track my net worth because when hits a certain number and my house is paid for, I know I can pull the rip cord.
by grettman
Thu Mar 29, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6714
Views: 1463112

Re: U.S. stocks in freefall

Hopefully we will have a nice big sell off today. I tried to make my regular investments into VTI yesterday but I couldn't. I am so used to using touch ID on my iPhone that I forgot my vanguard password. So while I could log into my account with touch ID, when you go to make a purchase the app wants...
by grettman
Sat Mar 24, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3320

Re: Talk some sense/cents into me- new car purchase

I have no advice but would really like to hear about the "FUN" cars.
by grettman
Fri Mar 16, 2018 5:33 am
Forum: Investing - Theory, News & General
Topic: Federal court tosses out fiduciary rule
Replies: 60
Views: 6680

Re: Federal court tosses out fiduciary rule

Thread will be locked for multiple reasons in 3...2..1
by grettman
Tue Mar 13, 2018 4:18 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 44268

Re: What frugal thing did you do today?

Changed the differential fluid in my 9 year old tacoma (trying to squeeze 15 years out of it). Tomorrow my new brake pads and rotors should be delivered from amazon. Doing things for myself that don't cause me a lot of heartburn is probably the most frugal thing I do.... Oh and I pack my lunch at wo...
by grettman
Wed Mar 07, 2018 4:53 am
Forum: Investing - Theory, News & General
Topic: What is your investment strength?
Replies: 70
Views: 5669

Re: What is your investment strength?

I am able to recognize that I am not smart when it comes to investing. I learn as much as I can and I trust the process that I read about here on bogleheads. A key part of that is to invest only in thingsI understand. Since I only invest in low cost index funds and my TSP funds, that is pretty easy ...
by grettman
Thu Mar 01, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Mortgage Vs After-Tax Investments (Yes, again) | New Standard Deduction
Replies: 11
Views: 1178

Re: Pay Mortgage Vs After-Tax Investments (Yes, again) | New Standard Deduction

Well as Dave Ramsey would tell you, you aren't factoring in risk. I have read on here that the best way to do this analysis is to compare paying off your mortgage to a similar investment in terms of risk. Grabiner (I think that is his handle) he knows the most about this stuff. But I think I recall ...
by grettman
Mon Feb 26, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 3945

Re: Should I Pay Off My Mortgage When I Retire?

Technically, the amount is so small and the interest rate is so low it doesn't really matter. HOWEVER,

Why have your life more complicated than it needs to be?

Write that check and pay it off. Celebrate with a nice dinner.
by grettman
Sat Feb 24, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 18242

Re: Defining "House Poor"

It is hard to define because as you can see, everyone has a different opinion. My view is that you must able to feed and clothe your family, have a means of transportation, fully fund retirement and then have a little left over for a reasonable amount of entertainment/travel. If your mortgage paymen...
by grettman
Wed Feb 21, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 10225

Re: <gulp> Expensive mistake

I guess I just typed it into the wrong box on the transfer page... 10 months ago. I would check investment accounts more frequently, once a month perhaps. The recommendation you sometimes see on the forum, "not to peek", is really terrible, awful advice. Mistakes happen, sometimes mistakes you are ...
by grettman
Fri Feb 16, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 3114

Re: USAA 41% More For Car Insurance

I dropped USAA years ago because of price and bad service. Very expensive compared to other companies.

A friend of mine is in the process of dropping USAA for the same reasons.

I have had great service from GEICO (two claims and great outcomes w/no hassle).
by grettman
Thu Feb 15, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12958

Re: Did you learn anything from the market correction?

I learned that many young folks aren’t mentally prepared for large drops. This drop was minor in comparison to those of the past and so far, it is very short lived. Some believe this was a good test of their AA but I would argue it was only a pop quiz at best.
by grettman
Sun Feb 11, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns
Replies: 41
Views: 4851

Re: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns

Now I have another reason not to spend money there (not like I a needed another reason).