Search found 352 matches

by grettman
Fri Jun 22, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100726

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: 456
Views: 100726

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: 734
Views: 202905

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: 3411

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: 3411

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: 129
Views: 13921

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: 1971

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: 8168

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: 2941

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: 834

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: 4505

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: 2196

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: 6229

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: 6229

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: 1235

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: 2871

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: 325
Views: 34752

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: 2349

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: 3342

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: 5890

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: 7291

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: 6639
Views: 1435307

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: 18229

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: 9865

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: 6639
Views: 1435307

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: 3247

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: 6555

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: 43193

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: 5533

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: 1136

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: 3840

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: 17697

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: 10121

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: 2931

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: 12716

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: 4784

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).
by grettman
Tue Feb 06, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Where Are The 100% Equity Bulls? BND up .44%
Replies: 47
Views: 5092

Re: Where Are The 100% Equity Bulls? BND up .44%

I am 90% equities. I am where I have always been for the last 25 years.

Staying the course.

By the way, what is the purpose of this post and is it actionable?
by grettman
Sun Feb 04, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3941

Re: Do you live on a budget?

I do that pay yourself thing which I suppose backs us into a budget.

We live on what is left over after we pay into all of our retirement accounts and pay an extra 2K at mortgage.

That doesn't leave us with a lot but enough to be happy.
by grettman
Sun Feb 04, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: What Would You Do With $100,000 Right Now
Replies: 28
Views: 3129

Re: What Would You Do With $100,000 Right Now

Fill up 2018 IRA and Roth IRA tax space.

Use some to accelerate paying down my mortgage.

Use the rest to put toward my Corvette Z06 fund.
by grettman
Sun Jan 28, 2018 6:59 am
Forum: Personal Consumer Issues
Topic: Dirty Money on Netflix
Replies: 3
Views: 1776

Re: Dirty Money on Netflix

Looking at the previews it seems to have a biased political agenda. I could be wrong. If I am wrong, then the documentary will cover how the lack of personal responsibility and common sense on the side of the consumer were two things factored into the financial crisis (at least as far as losing home...
by grettman
Fri Jan 26, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 13709

Re: When did the bad news start in 2008?

You don't know. The "experts" don't know. No one knows. But many people think they know which is worse than just not knowing.
by grettman
Thu Jan 25, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Diary of a Bear Market
Replies: 24
Views: 3114

Re: Diary of a Bear Market

I wonder when the next one will happen?
by grettman
Mon Jan 22, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 6481

Re: Am I being greedy?

I am in a similar situation. I am over 90% equities. I have been aggressive for years.... I suffered the big paper losses of the .COM bust and in 2008. I didn't blink. Will you? If not, then continue as you have. Your AA is a personal decision based on your goals and the level of risk you want to ta...
by grettman
Mon Jan 22, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Checkup
Replies: 40
Views: 3584

Re: Investment Checkup

You are doing good! Great in fact considering you started late. Sorry if I missed it but what do you expect to be your expenses when you retire?
by grettman
Mon Jan 22, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Cutting cable
Replies: 51
Views: 3047

Re: Cutting cable

We cut cable 4 years ago. Socking the savings into VTI!

I bought a HD antenna and put it in my attic. Works perfect.

For the rest of the channels, I have Sling but we just got that 6 months ago. Personally, I don't like Sling but my wife loves it.
by grettman
Mon Jan 15, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 19100

Re: How does everyone keep track of your portfolio?

I log into each of my accounts and record the balances after the last trading day of the month.

I enter the data in excel and use the pivot table feature.

I have been doing this since 2013.

I don't need anything else. Works very well.
by grettman
Sat Jan 13, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 5314

Re: New Tax Plan - How to make the most of it?

Really, where are you seeing that? To me, it looked like benefits all across the board, except in a few personal circumstances based on living in HCOL areas and how certain business structures are set up. There should be a minimal effect ora tax break for basically all taxpapers speaking in general...
by grettman
Fri Jan 12, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Paid mortgage: Now what do I do?
Replies: 21
Views: 2899

Re: Paid mortgage: Now what do I do?

Your tax bill should come directly to you now. If not, contact your county tax office. Set up an automatic allotment whereby a portion of your paycheck goes straight to a savings account on a systematic basis so you have the money saved to pay this bill. Do the same of insurance. Need to make sure i...
by grettman
Fri Jan 05, 2018 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 32698

Re: Anyone tired of the stock market going up?

When I saw this thread when it was first created, I thought "Hey, we need to accept what the market gives us." -- which means suffer when it crashes and appreciate the gains when it rises. However, I too am getting to the point of being tired because a drop is going to be very painful. I went though...