Search found 439 matches

by grettman
Sun Nov 10, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2212

Re: WSJ: Underwater Car Loans

Sounds like another bailout idea to me.
by grettman
Sat Nov 09, 2019 9:09 am
Forum: Personal Investments
Topic: Windfall
Replies: 21
Views: 2005

Re: Windfall

If you are looking for risk free you will have to find a CD rate that is better than your mortgage after taxes. Just do some research using google. The amount of money you might be able to make will be negligible. If I was in your shoes, I would throw it at the mortgage and go into retirement debt f...
by grettman
Tue Oct 29, 2019 4:21 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2516
Views: 462687

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

cheesepep wrote:
Mon Oct 28, 2019 10:19 pm
Up 36% YTD. 100% individual stocks, most of them dividend paying. Not a small portfolio either.
What does the size of the portfolio have to do with this? Just curious to know what I might be missing.
by grettman
Sun Oct 20, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 8142

Re: Wallets [Do you carry a wallet?]

I still carry a wallet and do not use my phone for any financial transactions. Young people should be aware that telephone IDs do not replace the use of actual driver's licenses in certain locales. Telephone "driver's licenses" have been used in a sting by the local county police in 2019 involving ...
by grettman
Fri Oct 11, 2019 5:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2123304

Re: U.S. stocks in free fall

Sorry - someone needs to take profit too..... 3:50 ET is the perfect time to do it. Not sure if I am allowed to say this but I read somewhere that a presidential press-conference gave more info on the trade deal right as the market was closing... would that not be a better explanation? I read the s...
by grettman
Wed Oct 09, 2019 6:10 am
Forum: Personal Investments
Topic: Investment help- do we sell to pay down a mortage?
Replies: 12
Views: 1254

Re: Investment help- do we sell to pay down a mortage?

Sell the rental for sure. I doubt it is truly cash flow positive and there is risk with rental for sure. How old are you two?
by grettman
Tue Oct 08, 2019 6:47 pm
Forum: Personal Consumer Issues
Topic: NY Times $1 per week digital
Replies: 41
Views: 5980

Re: NY Times $1 per week digital

I appreciate people passing info on deals even if it is something I’m not interested in. I find many deals this way. Thanks for sharing!
by grettman
Sun Oct 06, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 9404

Re: Car price ratio to NW

I'll join the fun! The current value of our two cars combined are 2.4% of our net worth.

I paid cash for both.

Their value represents 24% of our total gross pay.

I don't know if any of that is "good" or "bad" but couldn't resist having some fun with this thread this morning!
by grettman
Sun Oct 06, 2019 6:10 am
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8466

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

Frankly, your parents' financial well-being is not your responsibility, but if you want to help them out, reach out the their local Area Agency on Aging (the City contracts this our to private agencies like Catholic Charities) and get them hooked up with resources. Agree that parents' financial wel...
by grettman
Sun Oct 06, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8466

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

Frankly, your parents' financial well-being is not your responsibility, but if you want to help them out, reach out the their local Area Agency on Aging (the City contracts this our to private agencies like Catholic Charities) and get them hooked up with resources. Agree that parents' financial wel...
by grettman
Sun Sep 29, 2019 5:28 pm
Forum: Personal Consumer Issues
Topic: All in one single serve and pot of coffee maker
Replies: 21
Views: 1629

All in one single serve and pot of coffee maker

Any strong recommendations? Many I see have suspect reviews. Looking for recommendations from folks here. I don’t want a kureg type— just a normal coffee machine.
by grettman
Fri Sep 27, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: [White House deliberates block on all US investments in China]
Replies: 12
Views: 1615

Re: China stocks delisting?

z3r0c00l wrote:
Fri Sep 27, 2019 1:42 pm
Hopefully cooler heads will prevail before this happens, protectionism has already cost international investors quite a bit.
And unfair trade has hurt workers and IP rights.

Hopefully both sides will come to an agreement— soon.
by grettman
Mon Sep 23, 2019 5:49 am
Forum: Personal Investments
Topic: Need TSP Withdraw Help (Math Help)
Replies: 2
Views: 356

Need TSP Withdraw Help (Math Help)

I am taking care of my mom's finances because she has Alzheimers. Let's assume she has $200,000 in TSP. It is all in the G fund. She is taking the RMD. I want to move $100,000 of that balance to C fund. I want to add a little risk to her overall portfolio to increase returns. My thought was to not h...
by grettman
Sat Sep 21, 2019 8:56 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13861

Re: Currently invested in 100% stock

Nothing wrong with 100% stock. The question is, will you remain 100% stock if/when your investments decline 40%, 50%, 60%, or more? Good point. OP may not have been deeply invested during the 2008 crisis..... you never know how you will react until you see almost half your money cut in half.....
by grettman
Sat Sep 21, 2019 7:05 am
Forum: Personal Investments
Topic: Math is scary
Replies: 42
Views: 6886

Re: Math is scary

I think you should either use today dollar for both numbers or future dollar for both numbers. Personally I prefer today dollars. So you need to have $2.5m (in today dollar) to support a $100k per year lifestyle. Also, you will have SS, so your portfolio needs to generate (100k-SS) per year and you...
by grettman
Mon Sep 09, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage final payment
Replies: 31
Views: 3800

Re: Mortgage final payment

So happy for you. I hope to have mine paid off in 2.5 years.
by grettman
Wed Sep 04, 2019 4:27 am
Forum: Investing - Theory, News & General
Topic: Forbes: The Bubble That Is The S&P 500 Index
Replies: 38
Views: 7330

Re: Forbes: The Bubble That Is The S&P 500 Index

Forbes. Marketwatch.com. CNBC. Motley Fool. Bloomberg.

They are all a joke. Their business model is based on click-baiting speculation and poorly edited articles.
by grettman
Tue Sep 03, 2019 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 127
Views: 11238

Re: Paying off mortgage early - am I thinking about this right?

What if the market goes down 4%? What if it stays down for several years? I remember a time when the market wasn’t going up, up, up and people waited for it to get better...
by grettman
Sun Sep 01, 2019 8:10 pm
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 13365

Re: 3 fund people how are you feeling?

I am feeling well.

I don’t know why some people are getting nervous.

Headlines seem to be the same today as they have been the last 11 years.
by grettman
Fri Jul 26, 2019 9:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1876
Views: 194907

Re: U.S. stocks continue to soar!

rascott wrote:
Fri Jul 26, 2019 3:29 pm
J G Bankerton wrote:
Fri Jul 26, 2019 3:04 pm
Earnings driven rally, buy and hold VTI. :greedy
100% equities
100% of the time
100% of my life
90% for me... since the mid-nineties.
by grettman
Fri Jul 26, 2019 6:24 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 34
Views: 2478

Re: Should I pay off my mortgage?

I don’t have any advice to offer other than to say you are doing great financially given your age. You are winning! I am biased on the question of paying off the mortgage since I am doing that too and I took out a TSP loan many years ago to buy my first house. I don’t regret borrowing but I regret n...
by grettman
Fri Jul 26, 2019 4:23 am
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5183

Re: How do you move past old financial mistakes?

I think most people here can look back, with hindsight being 20/20, and see that they could have ended up much more money if they did something differently. Example: Anyone here could look back and say to themself, "boy only if I had a different AA I could be up by X%". However, they chose that AA f...
by grettman
Thu Jul 25, 2019 3:51 am
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5368

Re: How do you deal with looking bad compared to others?

Your eventual ability to be able to retire and seize freedom is the best prize of all. In my opinion, it is worth more than a house, a fancy car, and certainly more valuable than a lifestyle in California. Freedom and the ability to control one's time doesn't get enough credit outside of this forum.
by grettman
Mon Jul 22, 2019 11:50 am
Forum: Personal Consumer Issues
Topic: C8 Corvette - who is buying?
Replies: 125
Views: 9426

Re: C8 Corvette - who is buying?

CoAndy wrote:
Mon Jul 22, 2019 11:29 am
I would LOVE a new Corvette but I am not sure I want to delay my retirement for a year or year and a half to get it.
It is hard to think of anything worth giving up a year or year and half for....but it is easy to say a car for sure isn't one of those things.
by grettman
Mon Jul 22, 2019 11:42 am
Forum: Personal Investments
Topic: Maxing out everything?
Replies: 38
Views: 2547

Re: Maxing out everything?

RPW25 wrote:
Mon Jul 22, 2019 9:55 am
So does anyone here max out all of their tax advantaged space?
I see you are new here! Welcome! Most people on the forum I would assume max out all their tax advantage space. (unless they are retired).
by grettman
Mon Jul 22, 2019 5:49 am
Forum: Personal Consumer Issues
Topic: C8 Corvette - who is buying?
Replies: 125
Views: 9426

Re: C8 Corvette - who is buying?

I will buy one when 3 things happen: I hit my savings goal: $2 million (base on some assumptions that is 3-4 yrs away) House paid off: about 4 years away I have cash to buy it: about 6 yrs away So it looks like 6 years...which is perfect because by that time some of the kinks will have been worked o...
by grettman
Thu Jul 18, 2019 6:11 am
Forum: Personal Investments
Topic: What is your Re-balancing Trigger?
Replies: 28
Views: 2001

Re: What is your Re-balancing Trigger?

I’m probably doing it wrong but I don’t rebalance.

Never have.

I am 90/10. I have been investing since the mid-90s.

Again, I know I’m doing wrong but I just haven’t been convinced I should.

At least not now while I’m still accumulating.

Maybe when I retire I will.
by grettman
Thu May 09, 2019 8:43 pm
Forum: Personal Investments
Topic: Dividends are reinvested but I end up paying taxes out of pocket at tax time.
Replies: 12
Views: 2065

Re: Dividends are reinvested but I end up paying taxes out of pocket at tax time.

I sometimes use my dividends from my taxable to invest in my Roth IRA.
by grettman
Tue May 07, 2019 4:00 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14620

Re: I tried to fire my financial advisor of 12 years today...

I am sure the advisor slept well at night charging you 1.5% knowing that this is a significant headwind for your finances.

It is only fair that you let yourself sleep well at night by not letting him charge you 1.5%.

As someone else said, this is business.
by grettman
Mon May 06, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 48299

Re: Frugality regret: What thing do you regret not spending on?

OP asks this question but doesn’t offer his/her own example... smh
by grettman
Sat Apr 27, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 9128

Re: What are the cons of always being a one parent working household?

I want to commend you for saving 75 k annually out of a 130k salary!!
by grettman
Fri Apr 26, 2019 4:18 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1876
Views: 194907

Re: U.S. stocks continue to soar!

I stay optimistic, but have no crystal ball. It is amusing to watch people jump in and out of the market because they are certain about which way it is going. I prefer to stick with the AA that is in my plan. We don't rebalance very often. We keep our investment expenses low and don't change based ...
by grettman
Thu Apr 25, 2019 9:54 am
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7661

Re: What to do? Sitting on the bench since October

It is unfortunate that you let your emotions get to you.

If I were in your shoes, I would jump right back in. I wouldn't ease into it at all. I would jump in using an AA that was comfortable with.

But I wouldn't do that until I "solved" the emotional part of this because that will make you fail.
by grettman
Wed Apr 24, 2019 12:38 pm
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 16881

Re: Dump international?

I have money in the I Fund in my TSP. I have come to realize that International just plain sucks. But that is where I have some of my money and I am not going to move it. If I need that money down the road to avoid eating cat food, I will sell. Until that time comes, it will sit there and just be a ...
by grettman
Wed Apr 24, 2019 4:21 am
Forum: Investing - Theory, News & General
Topic: Re-Examining an assumption: 45% bonds in retirement?
Replies: 95
Views: 12240

Re: Re-Examining an assumption: 45% bonds in retirement?

I will never understand bonds.

If the yield on bonds isn't that important why not put money in cash or CDs instead which, aside from inflation, have no risk? Bonds can lose money.

I am 90 % stocks and plan to have 70/30 by the time I retire. The 30% part is CDs/cash (mostly CDs).
by grettman
Tue Apr 16, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 17782

Re: Do not use Personal Capital

Reminds me of the saying that “If you aren’t paying for a product, it is likely because you are the product.” I can’t imagine giving a company access to my accounts and trust that they won’t abuse the access. There are too many examples of how companies fail to take care of their customer’s data and...
by grettman
Sun Apr 07, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Pickup Truck Bed Cover Recommendations
Replies: 14
Views: 1311

Pickup Truck Bed Cover Recommendations

I have a 2009 Tacoma and need to replace my tonneau cover. I don’t really care if it is hard or soft—at least I don’t think I care. I want water tight and durable. I have a soft right now but after 10 yrs...it has died. Thoughts?
by grettman
Thu Apr 04, 2019 5:18 am
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 14261

Re: I hate bonds

cheesepep wrote:
Wed Mar 27, 2019 3:30 am
I also hate bonds, so I own zero of them.
+1. I follow the rule that says “only invest in things you understand.” I can’t figure them out so I use CDs instead and I’m paying off my house early.
by grettman
Sun Mar 31, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software and Underpayment Penalty
Replies: 16
Views: 886

Re: H&R Block Tax Software and Underpayment Penalty

I really don't know what to do here but the software is only giving me a choice to calculate the penalty myself or to have the IRS do it. I want NEITHER because I am above the threshold. Please help. A total non-issue. I have and used the HR Block for 2018 taxes. You need to merely select the "calc...
by grettman
Sat Mar 30, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software and Underpayment Penalty
Replies: 16
Views: 886

Re: H&R Block Tax Software and Underpayment Penalty

All: I really appreciate the help and knowing that the threshold was reduced to 80% is something I wouldn't have learned if it wasn't for the group. I don't need any more assistance. I will figure out a way to trick the software/get around this some how. I am happy to know that I am not going to get...
by grettman
Sat Mar 30, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software and Underpayment Penalty
Replies: 16
Views: 886

Re: H&R Block Tax Software and Underpayment Penalty

Thanks everyone for the replies. Unfortunately the HRB software doesn't have a clue about the 85% (now 80% waiver) so this situation is a PIA. Seems from the comments above I need to fill the 2210 but if I have HRB do it, it will be screwed up because it doesn't know about the new tax rules.... I s...
by grettman
Sat Mar 30, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software and Underpayment Penalty
Replies: 16
Views: 886

Re: H&R Block Tax Software and Underpayment Penalty

For this year, the IRS is lowering that threshold to 85% because the new tax law impacted so many people.\ Actually, a week ago Friday the IRS lowered the threshold to 80% (from 85%). But let's ignore that, since the difference between 85% and 80% doesn't seem to make any difference to your situati...
by grettman
Sat Mar 30, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software and Underpayment Penalty
Replies: 16
Views: 886

H&R Block Tax Software and Underpayment Penalty

Hi, I was one of those people who didn't make adjustments to my withholdings so I owe money to the IRS this year. Based on what I know from reading the IRS website, normally one must pay 90% of their tax liability throughout the year or they will face a penalty (unless of course they meet the waiver...
by grettman
Tue Mar 26, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7911

Re: Paid off mortgage!

CONGRATS!!

I hope to join the club in 4 yrs!
by grettman
Wed Mar 13, 2019 10:30 am
Forum: Personal Investments
Topic: I want to leave Vanguard
Replies: 71
Views: 6350

Re: I want to leave Vanguard

Leave vanguard for having a crappy website and bad customer service and etc but not for this...
by grettman
Sat Mar 09, 2019 11:20 am
Forum: Personal Investments
Topic: Update: 35 y/o Portfolio Review (new to investing)
Replies: 15
Views: 3393

Re: 35 y/o Portfolio Review (new to investing)

I don’t know why you would invest on the hope of returning more than 3.25 percent in lieu of paying off loan with a guaranteed return of 3.25 percent.
by grettman
Thu Mar 07, 2019 5:09 am
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 5894

Re: What do you tell people who ask for retirement/investment advice?

Who am I to give advice? I would tell them to seek the advice of a financial planner who charges a flat hourly fee and who isn't in the business of selling you a product. I would explain why that it is important. That is the extent of the advice I would give. Oh and if tight are in debt, I would tel...
by grettman
Wed Mar 06, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgages
Replies: 34
Views: 3306

Re: Mortgages

I know it’s the wrong thing to do mathematically but I’m paying off my 3.5% 30 yr. I have about 4 yrs left...
by grettman
Fri Mar 01, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 21983

Re: Talk me in/out of $35k Tesla Model 3

I prescribe to the philosophy of Save, invest and LBYM. Never buy too much house or car. But I am also a car geek and like to read about cars and wrench on them (when i have time). And this is why this decision is hard. Will go test drive the car this weekend with my wife and see how that goes. Any...
by grettman
Wed Jan 16, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 8429

Re: Gillette Mach 3 alternatives

Good thread. I am interested in no longer using Gillette razors.

I forgot all about dorco razors! I used these before and they were great. Often you can find deals via slickdeals...

I plan to drop Gillette when my current razor is finished.