Search found 1807 matches

by knpstr
Fri Dec 15, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 15
Views: 583

Re: Should I open a fitness center for extra money?

miamivice wrote:
Fri Dec 15, 2017 9:41 am
One of my former high school classmates, who seems pretty darn smart to me, just opened a fitness center...

Should I consider diversifying my investments by opening a fitness center?
Why not keep in touch and ask how things are going in a few years?
by knpstr
Sat Dec 09, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5776

Re: Does this happen to you? Educating friends about personal finance

They ask for input from me and despite my input aligning with information they get from professional sources including their 1.5% account fee personal advisors, they blunder their way through. Its very frustrating to try and educate friends. These are people I've known for decades and with whom I'l...
by knpstr
Thu Dec 07, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: John T. Reed (real estate) reading suggestions
Replies: 6
Views: 693

Re: John T. Reed (real estate) reading suggestions

I have 2 of his books: 1. Aggressive Tax Avoidance For Real Estate Investors 2. How To Manage Residential Property for Maximum Cash Flow and Resale Value I liked both of those books, but would recommend the 2nd as more of a "primer" than the first. Depending on your current knowledge level he may of...
by knpstr
Wed Dec 06, 2017 8:46 pm
Forum: Investing - Theory, News & General
Topic: Does it look like a bubble to you?
Replies: 42
Views: 3589

Re: Does it look like a bubble to you?

All that money from "QE 120" has to go somewhere.
by knpstr
Wed Dec 06, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10346

Re: Price of haircut?

The going rate at the "chain" hair place is $12 before any tip, but now my wife cuts my hair.

One time purchase of $25 for Wahl clippers and scissors.

So all profit after 2 cuts!
by knpstr
Wed Dec 06, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10648

Re: Do people still use AAA?

I have my insurance through AAA but have never used their services (other than member discounts certain places)
by knpstr
Sat Dec 02, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5153

Re: How do I convince my employees to invest more?

Stormbringer wrote:
Sat Dec 02, 2017 9:38 am
It concerns me
Don't concern yourself with it, it is their choice. It is also "normal". They also may be saving all they want to save through their spouses retirement plan.
by knpstr
Sat Dec 02, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: What's your experience with Medicaid ?
Replies: 41
Views: 2431

Re: What's your experience with Medicaid ?

My experience with Medicaid is that it doesn't pay your doctor very well.
by knpstr
Fri Dec 01, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: I met my first Retirement Savings goal
Replies: 26
Views: 1997

Re: I met my first Retirement Savings goal

$100,000 is a very big milestone.

Way to go!
by knpstr
Fri Dec 01, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advice Needed
Replies: 16
Views: 1135

Re: Financial Advice Needed

Open up an account and deposit it, that is how I'd approach it.
by knpstr
Thu Nov 30, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8610

Re: Can I afford a $1,400,000 house

You can afford it, but I'd advise against it. For what it's worth: My brother and his wife are both MDs. They bought a "reasonable" $750,000 house in the Midwest. It is still way too much, they mention that they sometimes miss their old house worth maybe $200,000 they had in residency and frequently...
by knpstr
Wed Nov 29, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7135

Re: Does it make sense to drop health insurance?

a few years from Medicare, my parents pay ~$1,500/mo in premiums for a "bronze" plan. I think the potential risk is still too great to go without. You're saving $12,600 (premiums minus penalty) and could easily rack up way more than that amount amount with an ambulance trip, to the hospital for a su...
by knpstr
Wed Nov 29, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: So i hit 6 figures... (questions about financials)
Replies: 19
Views: 3730

Re: So i hit 6 figures... (questions about financials)

Good for you, you're in great shape! Your expenses are $36,000 and you have ~$42,000 in spendable money so you can probably squeak out a one bedroom apt with the numbers you quoted.You just have to ask yourself if it is worth it to you. Spending the extra $400-$500 a month to live alone. It otherwis...
by knpstr
Wed Nov 29, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 133
Views: 12202

Re: Vanguard To Introduce First Actively Managed ETFs With Suite Of Factor Funds

mindboggling wrote:
Tue Nov 28, 2017 11:26 am
Now, we'll all be able to outperform!
Hahahahaha! What a great comment!
:beer
by knpstr
Wed Nov 29, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6077

Re: Invest or pay off mortgage?

Long time lurker, first time poster. Hello! 45 years old and max out 401k annually. Over $800k in retirement accounts. $150k mortgage at 3.37% on $500k home; no other debt. Have an extra $3k monthly to invest or pay off mortgage early. Really like the idea of being debt free, but also like the idea...
by knpstr
Fri Nov 24, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16263

Re: Anyone tired of the stock market going up?

I try my best not to worry about things beyond my control.

(what the stock market is doing is one of those things that is beyond my control)
by knpstr
Fri Nov 24, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3361

Re: HSA: "Pay out of pocket" vs Withdraw math problem

JustinR wrote:
Fri Nov 24, 2017 4:43 am
Does "tax free growth + income tax" always beat "tax drag + ltcg"?
No, I don't think so.

I'd encourage you to make a spreadsheet and play with the numbers a little.
by knpstr
Wed Nov 22, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 5318

Re: Advice to become wealthy

How to become wealthy? Save more than you spend. Earn more. How you earn your money is another matter, but it's not likely to be coming from excess gains in shrewd day-trading or other securities trading . I would suggest focusing on your career and income there. Maybe some other ideas here: https:...
by knpstr
Wed Nov 22, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA Contributions: Still make sense for us?
Replies: 13
Views: 1132

Re: Roth IRA Contributions: Still make sense for us?

This is coming up because a friend told me "Based on your income you should not be contributing to a Roth IRA" Your friend is confused or you miscommunicated. What your friend probably means is that "based on your income you should not be contributing to Roth 401k". That would be correct and that i...
by knpstr
Wed Nov 22, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14046

Re: Dave Ramsey says don't use credit cards, even if you pay them off

This is just a small sample from 5 minutes worth of googling; by no means even scratching the surface >8 Health benefits of drinking wine: http://www.foodandwine.com/articles/8-health-benefits-of-drinking-wine >Sharecare (formally realage.com) gives you extra life (i believe close to a year) if you...
by knpstr
Wed Nov 22, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 72
Views: 4829

Re: Best Basic DESKTOP?

I've always been happy with both Dell and HP products.
by knpstr
Tue Nov 21, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14046

Re: Dave Ramsey says don't use credit cards, even if you pay them off

What DRIVES ME NUTs about his credit card advice is he says over and over "No one has gotten wealthy with credit card points / rewards". He misses the point when people call and ask him about this. They aren't asking if CCs will make you wealthy. They ask if it is okay to pay off the CCs monthly an...
by knpstr
Tue Nov 21, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14046

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I've read that 1-2 glasses of red wine a day for men, and up to 1 glass a day for women is healthier than 0 glasses. So not only, not harmful, but beneficial. And one of the two benefits is the alcohol units itself. Cursory google searches would provide credible sources for this (if you insist, I c...
by knpstr
Tue Nov 21, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14046

Re: Dave Ramsey says don't use credit cards, even if you pay them off

It's good advice for someone who's been bankrupt due to excessive debt to avoid using debt, just like it's good advice for a recovering alcoholic to avoid drinking alcohol all-together. However, there are also some of us that are responsible with debt and are not alcoholics, so the same advice does...
by knpstr
Tue Nov 21, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14046

Re: Dave Ramsey says don't use credit cards, even if you pay them off

A person can have no debt and have negative net worth or they can have 20,000 debt and be worth $10 million dollars. That much is obvious (well except having a negative net worth and no debt). Perhaps I wasn't clear. His position of "no debt" is not purely for financial reasons (his own experience)...
by knpstr
Mon Nov 20, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14046

Re: Dave Ramsey says don't use credit cards, even if you pay them off

On principle, he preaches for one to eliminate and then avoid ALL debt.

Credit cards (even paid in full monthly) is still technically debt.
by knpstr
Mon Nov 20, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 12949

Re: The valet smashed my Tesla into a brick wall!

It stunk when my Prius was new I got rear-ended within 3 months of it coming off the dealer's lot. 10 years later, still driving it and it still behaves just fine, looking at it you'd never know it happened. The at fault person (actually a company truck hit me) insurance covered the repairs and rent...
by knpstr
Sat Nov 18, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 75
Views: 10110

Re: Water Heater Install $1,800!

That is the price I got quoted for 50-gal powervent purchase, install, haul away. Think that was $1,850 and I know the powervent models tend to run more expensive than the passive ones.

Ended up just getting a spare powervent from a contractor I use for my rentals for $100
by knpstr
Fri Nov 17, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 8873

Re: Tesla truck unnveil

The semi-truck seems like a pretty major investment in a segment with very discriminating customers and very long life expectancies - often in excess of 1 million miles. Tesla "claims" the semis will pay for themselves ($200,000) in 2 years, due to fuel/maintenance savings. Interesting the the Semi...
by knpstr
Fri Nov 17, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 8873

Re: Tesla truck unnveil

The roadster's torque is listed as 10,000 Nm ?!?

A Bugatti Chiron has "only" 1,600 Nm

That's crazy.
by knpstr
Wed Nov 15, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15225

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion. That sounds a lot like you need to pay cash because it serves as a replacement for planning and self control. Absolutely, when you s...
by knpstr
Wed Nov 15, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15225

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion. That sounds a lot like you need to pay cash because it serves as a replacement for planning and self control. Absolutely, when you s...
by knpstr
Wed Nov 15, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15225

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion.
by knpstr
Tue Nov 14, 2017 9:10 am
Forum: Personal Consumer Issues
Topic: IPHONE 8, X
Replies: 39
Views: 2270

Re: IPHONE 8, X

Cash wrote:
Tue Nov 14, 2017 6:17 am
Not really sure why anyone would get an 8 over an X.
My wife says because the X doesn't come in Gold or Rose Gold.
by knpstr
Tue Nov 14, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7716

Re: GE and the myth of "safe blue-chip stocks"

Their are many "blue-chip" stocks that are no more, for one reason or another. Companies usually don't last forever.

That being said: Bogleheads should rejoice, GE CFO says the dividend cut is to focus more on "total return" for shareholders.
by knpstr
Wed Nov 08, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of a barbelling / Larry-type portfolio
Replies: 22
Views: 1339

Re: Talk me out of a barbelling / Larry-type portfolio

Seems incredibly risky to hold 60% of your long-term funds in bonds.
by knpstr
Sun Nov 05, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)
Replies: 33
Views: 5581

Re: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)

1. I max out my 401k --> A Boglehead move 2. I do backdoor Roth IRAs --> A Boglehead move (** actually surprised he mentioned this as it's confusing and income bracket specific) 3. The rest of my extra money I put in a "no-load" S&P500 index fund --> A Boglehead move. 4. When my index fund gets big...
by knpstr
Fri Nov 03, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8540

Re: Should I decline Grand Prize trip because of taxes on winnings?

Weird how you wouldn't want to take advantage of the opportunity given how you describe it. To be fair, a trip valued at $9,000 would normally "cost" $13,000 given your tax estimate. (since you'd have to make $13,000 at your tax rate to have $9,000 left over after tax to spend on a trip) So, would y...
by knpstr
Fri Nov 03, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1711

Re: Side Hustle

Our "side hustle" is rental real estate.
by knpstr
Thu Nov 02, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3035

Re: Do you Mow your own Lawn?

I mow my own lawn.
by knpstr
Thu Nov 02, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9065

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. However, it is not clear at what point one should switch from what account they withdrawal from. After the market drops 10% from previous peak? After 20%? Who knows. Strangely enough, the net withdr...
by knpstr
Thu Nov 02, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9065

Re: Buffet "Key Indicator" near dangerous all-time high...

They get reduced to extremes because 100% of equities in the S&P500 is an extreme asset allocation, with extreme home bias. One can avoid such extreme comparisons by diversifying. Should I say: "Fortunately I never said that, if you look back at my statements." Of course it is worth noting however ...
by knpstr
Wed Nov 01, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9065

Re: Buffet "Key Indicator" near dangerous all-time high...

They get reduced to extremes because 100% of equities in the S&P500 is an extreme asset allocation, with extreme home bias. One can avoid such extreme comparisons by diversifying. Should I say: "Fortunately I never said that, if you look back at my statements." Of course it is worth noting however ...
by knpstr
Wed Nov 01, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9065

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one [has] a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have s...
by knpstr
Wed Nov 01, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9065

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one is a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have show...
by knpstr
Wed Nov 01, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9065

Re: Buffet "Key Indicator" near dangerous all-time high...

Suppose you have 90/10 in your 401k and you need to take RMD, how is RMD going to be taken from from 90 or 10? Do you have to sell cheap if the market is bad? As far as RMD's go you have to withdraw whatever amount by law. If that amount exceeds the amount you wanted to withdrawal for living expens...
by knpstr
Wed Nov 01, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9531

Re: I'm fairly young but done with saving money

At what point does it make sense to just say: screw it, I don't need to worry about saving money anymore. To retire, we will need about 2M in net worth. I'd say when you reach 2M. I'm not a "bear" in the market, but it is possibly to have another 50% drop at any moment, in which case you would "onl...
by knpstr
Tue Oct 31, 2017 9:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 128
Views: 6672

Re: To Avatar or not to Avatar . . how did you choose or not choose?

Went to school at Michigan State (fun fact: during those years joined the investment club and we took a trip to meet Warren Buffett in Omaha), so consider myself a Spartan. I also enjoy watching the football/basketball games each year.

Go Green! :beer