Search found 51 matches

by mpowered
Thu Oct 20, 2016 11:34 am
Forum: Investing - Theory, News & General
Topic: [WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing]
Replies: 35
Views: 6692

Re: WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing

Bob B wrote:I wonder what Mr. Edmundson's salary is since he does nothing all day? How big of a staff does that take?
It says it in the article. Salary is $127,121.75. He has no staff.
by mpowered
Mon Oct 17, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Quality Men's Dress Clothing
Replies: 51
Views: 11275

Re: Quality Men's Dress Clothing

I get almost all my tailored clothing from http://www.kentwang.com. Prices are reasonable and everything is MTM. Kent sends you a test-fit suit/slacks and you put them on and he makes adjustments using photos. Every suit you make gets you a closer and closer fit. Do you mean a first time customer m...
by mpowered
Mon Oct 17, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How do you analyze your spending? (Where is my money going?)
Replies: 69
Views: 12901

Re: How do you analyze your spending? (Where is my money going?)

I use a combination of mint.com and personalcapital.com. Mint is mainly for monthly/yearly monitoring of spending/budgeting. I think it works very well as long as you are diligent about making sure your expenses are categorized accurately. The real shortcoming of mint is the investment monitoring. P...
by mpowered
Mon Oct 17, 2016 9:49 am
Forum: Personal Consumer Issues
Topic: Quality Men's Dress Clothing
Replies: 51
Views: 11275

Re: Quality Men's Dress Clothing

I get almost all my tailored clothing from www.kentwang.com. Prices are reasonable and everything is MTM. Kent sends you a test-fit suit/slacks and you put them on and he makes adjustments using photos. Every suit you make gets you a closer and closer fit. My shirts are the exception. They come from...
by mpowered
Thu Sep 08, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 26685

Re: Prospective Employer Wants Salary History & Desired Salary

The employer will always try to pay bottom dollar, and it is a mistake. An employer loses more by under paying an employee than over paying him. Especially in sub-100k range. A company that constantly tries to squeeze 5k and 10k out of 50k and 60k employees is not going to retain top talent or fost...
by mpowered
Fri Jul 08, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Home Rebuilding Cost Estimate
Replies: 24
Views: 4159

Re: Home Rebuilding Cost Estimate

I think what OP is asking is how it could have gone up so much in such a short time. There are two possibilities:

1 - They messed up and underpriced what it would cost to rebuild.
2 - Labor/materials market is extremely tight and costs have ballooned.

It's probably a combination of the two.
by mpowered
Fri Jul 08, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: S+P 500 is not very diversified
Replies: 77
Views: 8330

Re: S+P 500 is not very diversified

S&P 500 is an approximation of the U.S. equities market in total. I don't know how you get more diversified than that unless you are looking to bonds, commodities, etc.
by mpowered
Fri Jul 08, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do realtors buy/sell their own homes?
Replies: 12
Views: 2369

Re: How do realtors buy/sell their own homes?

1. Lets say I own an agency and I've determined that 1/2 of my listings are sold by my firm and the other half are "co-broked". The means I get 6% on half and 3% on the other half for an average of 4.5%. You're asking me to cut my income by 1/3 from 4.5% to 3% if this idea caught on and was "genera...
by mpowered
Fri Jul 08, 2016 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: How do realtors buy/sell their own homes?
Replies: 12
Views: 2369

Re: How do realtors buy/sell their own homes?

Is this generally accepted, and if so, is it accepted based on professional courtesy when the buyer is a licensed realtor? Frankly, I don't particularly appreciate the services a buyer's agent has to offer, and would rather hire a lawyer paid by the hour for these services, without a large incentiv...
by mpowered
Tue Jul 05, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: How do realtors buy/sell their own homes?
Replies: 12
Views: 2369

Re: How do realtors buy/sell their own homes?

The seller's agent/broker would need to first agree to reduce the commission accordingly, correct? If you waived your buyer's commission that doesn't in itself mean that the seller's don't still owe their broker the full commission as stated in the contract. Yes. They would need to agree to reduce ...
by mpowered
Tue Jul 05, 2016 5:06 pm
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 40381

Re: What kind of car are you driving?

Tesla Model S. Best car I've ever owned. Looking forward to getting the 3 as well.
by mpowered
Tue Jul 05, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do realtors buy/sell their own homes?
Replies: 12
Views: 2369

Re: How do realtors buy/sell their own homes?

I'm not an agent, but... 1 Do they represent themselves in both buying and selling? Yes - always 2 Do they offer one another professional courtesy on fees ? Yes - almost always 3 Do they receive their own buyer's agent fees when they buy? Yes - though they can also negotiate this (and probably do) ...
by mpowered
Wed Jan 20, 2016 11:53 am
Forum: Personal Consumer Issues
Topic: Home WiFi extender
Replies: 20
Views: 2321

Re: Home WiFi extender

I hate wifi extenders, and generally, running multiple routers. My house now has an enterprise grade system run by two Ubiqiti wireless access points. They connect to my router/AT&T Uverse modem using ethernet (you'll want to disable WIFI on this pos router), are powered using power injectors (inclu...
by mpowered
Mon Jan 11, 2016 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 10541

Re: Incorporating your home into networth calculation

The Wizard wrote:
mpowered wrote:So I guess the answer is, it depends on the purpose for which you plan on using this net worth calculation.
Primary practical use of computing a couple's joint net worth is to facilitate a 50/50 split of it in a divorce.
I thought I explained this already...

Then you include everything.
by mpowered
Wed Jan 06, 2016 2:47 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1564
Views: 167445

Re: Netflix, Your Current Favorite Show

Really liking Making a Murderer, right now.
by mpowered
Wed Jan 06, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a Personal Finance Club/Network at Work: Good idea?
Replies: 9
Views: 936

Re: Starting a Personal Finance Club/Network at Work: Good idea?

The whole idea of personal finance (for me at least) is to gain fiscal freedom and get out of the rat race. Seems like it would be a bad idea to discuss how best to quit your job with other people at work.
by mpowered
Wed Jan 06, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 10541

Re: Incorporating your home into networth calculation

So I guess the answer is, it depends on the purpose for which you plan on using this net worth calculation. mpowered, +100. That is my whole point. Most normal people only use one number, "net worth" to judge how well that they are doing. They could not bother to count 3 to 4 separate numbers. Klan...
by mpowered
Wed Jan 06, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: SIL looking at a MLM "opportunity" - how to protect her?
Replies: 20
Views: 4082

Re: SIL looking at a MLM "opportunity" - how to protect her?

...almost all SBA loans require personal guarantees from those owning a substantial portion of the company. Good to know. Given that, any reason to take a 0% introductory rate for the business rather than self-fund? 0% is typically a teaser, and doesnt last long enough to really make it worth it. p...
by mpowered
Wed Jan 06, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 10541

Re: Incorporating your home into networth calculation

So I guess the answer is, it depends on the purpose for which you plan on using this net worth calculation.
by mpowered
Sat Jan 02, 2016 1:53 am
Forum: Personal Finance (Not Investing)
Topic: SIL looking at a MLM "opportunity" - how to protect her?
Replies: 20
Views: 4082

Re: SIL looking at a MLM "opportunity" - how to protect her?

A related area that I have no knowledge of is related to credit for the business. I imagine that for a new LLC (or S-corp) any business credit, even relatively small stuff (under $5k) would require her to personally back it? Typically, yes. for instance, almost all SBA loans require personal guaran...
by mpowered
Sat Jan 02, 2016 1:24 am
Forum: Personal Finance (Not Investing)
Topic: SIL looking at a MLM "opportunity" - how to protect her?
Replies: 20
Views: 4082

Re: SIL looking at a MLM "opportunity" - how to protect her?

An LLC or S-Corp could potentially limit her liability, but if she is running the business out of her home, any invitees of the business would name her personally in the suit as the owner of the home. Insurance is probably the way to go if that is the case. She sounds like an intelligent person who ...
by mpowered
Sat Jan 02, 2016 1:14 am
Forum: Personal Consumer Issues
Topic: Vacuum for hardwood
Replies: 46
Views: 5432

Re: Vacuum for hardwood

Definitely consider a Roomba. It works great on hardwood floors If you are not too compulsive, get a robot. Like my Mint 5200 (I think it is called a Braava now?) It mops too. You have better things to do with your time than pushing a vacuum around. I was thinking about the robotic ones, but I am s...
by mpowered
Sat Jan 02, 2016 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Mpowered's conversion into a Boglehead
Replies: 8
Views: 1443

Re: Mpowered's conversion into a Boglehead

Glad to hear things are going well. They're up 75%? There's obviously a big difference in housing costs: more expensive home, different loan term, etc. How did you do with the goals you first wrote in 2014? We maxed our 401Ks, but everything else we had saved up went into the down payment/paying do...
by mpowered
Sat Jan 02, 2016 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Mpowered's conversion into a Boglehead
Replies: 8
Views: 1443

Re: Mpowered's conversion into a Boglehead

Updated on 1/1/2016
by mpowered
Thu Dec 24, 2015 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Re: Pay down mortgage, or invest?

I hope your combined income is substantial. You owe $1.13MM at 3.75% for 30 years. You're paying almost $800M in interest to own a $1.13MM home. To accelerate pay off of your mortgage to 18-19 years, you're going to need to put down an additional $5000 to your monthly payment (assuming you're alrea...
by mpowered
Thu Dec 24, 2015 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Re: Pay down mortgage, or invest?

Yes, I agree on many of the points about paying off the mortgage...in fact I may do just that when I can do it all at once. I just didn't understand the logic of doing it because it would help in the event of job loss or something. I huge pile of liquid savings would be more beneficial in that situ...
by mpowered
Thu Dec 24, 2015 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Re: Pay down mortgage, or invest?

Yes. We've been consistently maxing out our 401ks at all times. 12 Month emergency fund is all set. So the choices are, put money towards a taxable account, towards equities, not bonds, since paying down the mortgage makes much more sense than investing any portion towards bonds, and straight up pay...
by mpowered
Wed Dec 23, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Re: Pay down mortgage, or invest?

(1) 3.75% is very low cost of capital, especially when taking into account the mortgage interest tax deduction, this drops the rate closer to something like 3%. By maintaining the mortgage, this frees up additional capital to be invested which will likely gain much more than 3.75% annual return. On...
by mpowered
Tue Dec 22, 2015 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Re: Pay down mortgage, or invest?

Thanks for all the input here. Yes, we have a 12 mo emergency fund built up. Yes, we are in a high tax bracket. Major considerations here are as follows: (1) 3.75% is very low cost of capital, especially when taking into account the mortgage interest tax deduction, this drops the rate closer to some...
by mpowered
Tue Dec 22, 2015 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Re: Pay down mortgage, or invest?

That's an interesting way to think of it, that paying down my mortgage is essentially a risk free investment, with the return at my interest rate, 3.75%. This goes down when it reduces my mortgage interest tax deduction, but until my principal on the loan is 1MM, I'll allocate what I would have been...
by mpowered
Tue Dec 22, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Any Biglaw attorneys on the board?
Replies: 53
Views: 11802

Re: Any Biglaw attorneys on the board?

My wife and I are biglaw attorneys. 3 years ago we escaped NYC for Texas, where she continued to make the same salary and I a little bit less. We now have found pretty good places, both billing around 2k a year. Work life balance not bad at all, as most people in both of our respective offices go ho...
by mpowered
Tue Dec 22, 2015 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage, or invest?
Replies: 61
Views: 5538

Pay down mortgage, or invest?

About a year ago, my wife and I moved into a substantially larger home. Right now I have a mortgage on my house in the amount of $1,130,000. The rate is 3.75%, 30 year term. As you probably know, mortgage interest is only deductible on the first $1mm of principal. Should I be paying down my mortgage...
by mpowered
Wed Nov 26, 2014 11:10 am
Forum: Personal Investments
Topic: Emergency Funds
Replies: 33
Views: 4517

Re: Emergency Funds

I actually don't keep emergency funds in a cash account. I know that if I have a real emergency, I can always sell holdings in my taxable account. In the near short term, I have credit cards that I can use that will take me out 30 days to have time to sell my investments.
by mpowered
Wed Nov 26, 2014 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 20637

Re: Girlfriend with a LOT of Student debt.

There is alot of good advice in this thread, coming from people who don't have a stake in the game. But it all boils down to these two options: 1) Option one is to just call it and walk. 2) Option two is to know that you'll be paying that debt eventually, know that she likely will not change her way...
by mpowered
Wed Nov 26, 2014 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 15544

Re: Life changing decision... advices needed!

Emergency medicine would make your skills extremely desirable after the inevitable zombie apocalypse. If you haven't already considered that, maybe write that into the Pros column.
by mpowered
Mon Nov 24, 2014 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 20637

Re: Girlfriend with a LOT of Student debt.

Subbed in hopes that OP will provide an update.
by mpowered
Wed Nov 19, 2014 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mpowered's conversion into a Boglehead
Replies: 8
Views: 1443

Re: Mpowered's conversion into a Boglehead

Welcome to the Forum Private Equity: $450,000 invested with a private equity fund, approx 50% held in cash, but subject to future calls. Please clarify: 1) What was the original commitment amount to the private equity fund? 2) Of that original commitment amount, how much has been called and how muc...
by mpowered
Tue Nov 18, 2014 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mpowered's conversion into a Boglehead
Replies: 8
Views: 1443

Re: Mpowered's conversion into a Boglehead

Yes. I have a total of $450,000 in outstanding PE commitments, around 50% of which is deployed, and 50% being held in cash which is subject to call.
by mpowered
Tue Nov 18, 2014 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mpowered's conversion into a Boglehead
Replies: 8
Views: 1443

Mpowered's conversion into a Boglehead

7/5/2016 Update: Mid-Year update, including big raises and updated personal goals Updated Assets: Home worth roughly $1,500,000 with a loan balance of $1,050,000 (30 year amortization, 3.75% interest rate). Checking/Savings Accounts: $180,000 Wife's 401k: $65,000 (100% in S&P 500 Index Fund) My 401k...
by mpowered
Mon Nov 10, 2014 12:43 pm
Forum: Personal Investments
Topic: What is your age and AA?
Replies: 219
Views: 68679

Re: What is your age and AA?

29

100% Stocks

70/30 US/International
by mpowered
Fri Nov 07, 2014 11:22 pm
Forum: Personal Investments
Topic: Buy commercial real estate
Replies: 18
Views: 4175

Re: Buy commercial real estate

I really appreciate what this forum offers. I have the shortcut pinned to my browser's favorites bar and I learned something everyday. I have about $400K in cash in a CD earning 2.5%. I wanted to use the cash, buy property with it that brings in cash flow which is the primary objective. I am lookin...
by mpowered
Fri Nov 07, 2014 3:25 pm
Forum: Investing - Theory, News & General
Topic: The Sky is Falling
Replies: 36
Views: 7396

Re: The Sky is Falling

I think we are looking at what is going to be a continued bull market. Energy is cheap (not because of lack of demand) and the US economy is picking up. Euro economy is in the tanks, and Asia is slowing down, which are the only two risks.
by mpowered
Fri Nov 07, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Home ownership/refinance paperwork - keep or shred?
Replies: 7
Views: 2476

Re: Home ownership/refinance paperwork - keep or shred?

I typically scan all of my paperwork onto organized folders on a cloud service like box.com. It's pretty easy to make all these PDFs searchable which means they will be easily accessed if you need it at some point in the future. The info is encrypted during upstream and downstream and also encrypted...
by mpowered
Thu Nov 06, 2014 10:43 pm
Forum: Personal Investments
Topic: Buy commercial real estate
Replies: 18
Views: 4175

Re: Buy commercial real estate

What kind of tenants. 7% seems pretty low to me unless these are NNN type national credit tenants. You have to look carefully at the underwriting the broker has done. Remember that you will be paying a management fee and have a vacancy allowance. Also some leakage when it comes to expenses. Backgrou...
by mpowered
Thu Nov 06, 2014 2:02 pm
Forum: Personal Investments
Topic: Index Fund Return Assumptions
Replies: 7
Views: 787

Re: Index Fund Return Assumptions

Nominal
by mpowered
Thu Nov 06, 2014 1:49 pm
Forum: Personal Investments
Topic: Index Fund Return Assumptions
Replies: 7
Views: 787

Index Fund Return Assumptions

When you run retirement age projections, what kind of return do you assume if you are investing in various index funds? I have used 7% assumed return on S&P500 and Total Market funds. 4% on Bonds I feel these assumptions are quite conservative, but I wanted to get a handle on what everyone else here...
by mpowered
Wed Nov 05, 2014 10:06 pm
Forum: Personal Investments
Topic: Roth IRA @ Max Income Bracket
Replies: 9
Views: 1009

Re: Roth IRA @ Max Income Bracket

Got it. I think the only strategy that makes sense at this point is to roll over the IRA back into a 401k, contribute post tax money into the IRA, then do a back door conversion.
by mpowered
Wed Nov 05, 2014 2:57 pm
Forum: Personal Investments
Topic: Roth IRA @ Max Income Bracket
Replies: 9
Views: 1009

Re: Roth IRA @ Max Income Bracket

Yeah. Sorry. I'm talking about converting my Rollover IRA to a Backdoor Roth IRA. Edit: okay. I got a few concepts mixed up in my head. #1 Would making after-tax contributions to a traditional IRA be hurting myself (per the question above) and #2 Would it make sense to convert my Rollover IRA to a R...
by mpowered
Wed Nov 05, 2014 10:59 am
Forum: Personal Investments
Topic: Roth IRA @ Max Income Bracket
Replies: 9
Views: 1009

Roth IRA @ Max Income Bracket

Does it make sense to make non-deductible contributions to a Roth IRA when I am at the max income bracket?

If I expect my marginal rate to go down by the time I am going to be withdrawing, wouldn't I actually be hurting myself by converting what will likely be capital gains into ordinary income?