Search found 255 matches

by TMCD75
Wed Sep 06, 2017 7:30 am
Forum: Investing - Theory, News & General
Topic: REIT versus Rental properties
Replies: 15
Views: 2900

Re: REIT versus Rental properties

Thank you for the replies. We aren't seriously considering doing this, but it did occur to us that it's obviously a possibility. We actually don't mind the rental property game. I'm fairly handy as a paint contractor. I have all painting, dry wall and pressure washing aspects handled in house. For t...
by TMCD75
Tue Sep 05, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: REIT versus Rental properties
Replies: 15
Views: 2900

REIT versus Rental properties

My two rental properties are worth a total of 250k-275k and paid off. They yearly spin off about a 10-12% return which we are happy with. Here's my question, would I benefit similarly if I cashed out and invested the entire nut in a REIT? My wife and I were having this conversation after reading the...
by TMCD75
Mon Aug 28, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Roth IRA for a 9 year old
Replies: 20
Views: 2805

Re: Starting a Roth IRA for a 9 year old

Thank you for the links. I think I may start a Roth for him. Talk about having time on your side! I wish someone would've started an IRA for me when I was 9!

It's surprising that this doesn't get more play...
by TMCD75
Mon Aug 28, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Starting a Roth IRA for a 9 year old
Replies: 20
Views: 2805

Starting a Roth IRA for a 9 year old

My wife and I have considered starting a Roth IRA for our 9yr old son. We are self employed with a family painting business. Occasionally my 9yr old works with us in the summer time doing odds and ends around our various job sites. Would it be prudent to start a Roth IRA for him since he has the pot...
by TMCD75
Mon Aug 28, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2840

Re: Do people in the 15% tax bracket tax loss harvest?

To answer someone's question above, we have thousands of dollars of space left in the 15% TB. Actually, I could sell my taxable position I referred to above, 25k account, and still be in the 15% TB. Anyway, the consensus seems to be that I should sell the RIG stock and then apply that money to my Ro...
by TMCD75
Sun Aug 27, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2840

Re: Do people in the 15% tax bracket tax loss harvest?

I wasn't planning on selling anything from my taxable account. I'm simply going to sell the Trans Ocean position and move that money into my Roth. I would've never bought the RIG stock if my EJ advisor hadn't turned me on to it. I'm away from EJ now, fully invested at VG. Actually, my taxable accoun...
by TMCD75
Sun Aug 27, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2840

Re: Do people in the 15% tax bracket tax loss harvest?

Thanks, I think IlliniDave's post set me straight. Being firmly in the 15% tax bracket, I just don't worry about CG taxes. I do have a 25k taxable account that probably grew by 4k, but it's not enough to knock me out of the 15% tax bracket.
by TMCD75
Sun Aug 27, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2840

Re: Do people in the 15% tax bracket tax loss harvest?

Ok, question then. I purchased a 5k position of Trans Ocean (RIG) stock 3 years ago, it is only worth 1k as of tonight. I was simply going to sell it and take the cash and stuff my Roth with the 1k. Tax loss harvesting would require me to purchase another similar stock, correct? I don't want to do t...
by TMCD75
Sun Aug 27, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2840

Do people in the 15% tax bracket tax loss harvest?

Since the 15% tax bracket people do not pay capital gains taxes, should they tax loss harvest?
by TMCD75
Thu Aug 24, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: 78% Americans are living from paycheck to paycheck?
Replies: 15
Views: 2516

Re: 78% Americans are living from paycheck to paycheck?

We live in a country where it's not really structured to save money. It's actually structured the opposite way, meaning to live life to the last penny. Let's take the average monthly bill scenario where the mortgage is $1300, food is $650-$1k, car payments could easily total $600-$1k and we haven't ...
by TMCD75
Thu Aug 17, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 15781

Re: Is it worth it? [demanding jobs vs time with family]

Money isn't the end all be all that people think it is. We live in a society where people worship the dollar. Most people I know who work 40++ hours a week, do so because they love money. I've always wondered where the standard 40 hour work week even came from. Who decided that 40 hours is a full ti...
by TMCD75
Mon Aug 14, 2017 7:09 am
Forum: Personal Consumer Issues
Topic: Paint vs. Stain on fiberglass door
Replies: 11
Views: 2418

Re: Paint vs. Stain on fiberglass door

20 year painter here...of course you can stain a fiberglass door. That's what the grain on them is designed for. Brush a coat of stain on evenly, rag off/wipe off after a few minutes and let dry for an appropriate time. Then seal with two coats of poly/sealer, sanding lightly between each coat of se...
by TMCD75
Fri Aug 11, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 3472

Re: "Why do you want to come here?" Hiring Manager Question

You want to go there because of the pay raise...nothing more, nothing less. Tell the truth, it's all about $$$.
by TMCD75
Wed Aug 09, 2017 10:23 pm
Forum: Personal Consumer Issues
Topic: Mr handyman?
Replies: 14
Views: 2398

Re: Mr handyman?

I'm a painting contractor and we generally charge $45-$55/hr when bidding work. Sometimes we finish ahead of schedule and it comes out to making $80/hr. Of course there's occasionally the job that bites me in the rear and we're there longer than expected. $100/hr is ridiculous imo because there shou...
by TMCD75
Wed Aug 09, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: 40 / 30 / 30. Any good ?
Replies: 12
Views: 2160

Re: 40 / 30 / 30. Any good ?

How do you know that gold's real valuation is $500 or below?
by TMCD75
Sun Aug 06, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 5146

Re: Do I have enough to retire-retire from the military

You would need to move to a LCOL area, much like where I reside in Kentucky. You would do just fine in a LCOL area. With your pension being 57k/yr, you're going to have to dial back the 90k expectations a bit. It can still work though. I live in Western Kentucky on 60k per year. My networth is half ...
by TMCD75
Fri Aug 04, 2017 7:52 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 8713

Re: Where to View Total Eclipse? - Kansas City / Nashville et al

I live 8 miles from the KY Dam airport, it's a very small airport from my knowledge. Hope it works for you, Neil!!
by TMCD75
Fri Aug 04, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 8713

Re: Where to View Total Eclipse? - Kansas City / Nashville et al

I'll be watching from my front yard here in Lyon County, Kentucky. Our local agencies are preparing for a big influx of people. We are in the prime zone, I'm 90 miles NW of Nashville.
by TMCD75
Wed Aug 02, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Buying rental properties at age 25 as investments.
Replies: 8
Views: 959

Re: Buying rental properties at age 25 as investments.

A person your age with the desire and commitment to venture into rental properties could do very well. It's not a totally passive investment, that's true. If you buy in at the right price and are diligent about screening your potential renters, it boosts your chances of making money. You must buy in...
by TMCD75
Sun Jul 30, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Estimate for painting home interior
Replies: 19
Views: 2471

Re: Estimate for painting home interior

I'm a 20 year paint contractor, I'll try to shed some light on this. Regarding the bid where the painter was 20% higher for extra work, he's simply trying to cover his rear end. He's probably trying to account for the fact that you may have 5 different colors you want used and the fact these colors ...
by TMCD75
Sun Jul 23, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed regarding a duplex for sale
Replies: 6
Views: 691

Re: Advice needed regarding a duplex for sale

I think he might take 100k because he's trying to move to the Gulf Coast of Florida. He's had it for sale for a while and wants it gone so he can retire to Florida. He had two other rentals that he finally sold and this one is his last. My other rentals are going well. I've had success with them bot...
by TMCD75
Sun Jul 23, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed regarding a duplex for sale
Replies: 6
Views: 691

Advice needed regarding a duplex for sale

I have an opportunity to purchase an all brick duplex that has been very well taken care of. The current renters are both paying $550/mo rent and have lived there for 4-5 years each. The owner is asking $120k, I definitely feel like he'll take 100k, maybe even 95k. I have two other rentals that I ow...
by TMCD75
Tue Jul 18, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: 7 year old son's coin collection (& my observation on circulation?)
Replies: 14
Views: 2688

Re: 7 year old son's coin collection (& my observation on circulation?)

I collect the Mexican proof Libertads in both, silver and gold. These coins typically have a tiny mintage which is what drives coin prices through the roof after a few years. As for your inability to find the D minted coins, that's par for the course. A person living 100 miles from Denver would prob...
by TMCD75
Thu Jun 15, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 7985

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

Rental property is about getting the right renters, that's the most important thing. If you're not a good judge of character, then by all means stay out of the rental game. People that do well with it are generally good with their hands. They can save money by doing their own drywall repairs and the...
by TMCD75
Wed Jun 14, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 7985

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I've got two rental properties and looking to add a third. I fixed the one true rental up pretty nice by putting in new pex plumbing, a new water heater and new floors. By doing this, you eliminate potential problems. My other rental is the three bedroom brick home I lived in until last fall. Practi...
by TMCD75
Sat Jun 10, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Naming boat
Replies: 62
Views: 4456

Re: Naming boat

DIY Investor or Do It Yourself Investor...afterall, aren't most BH just this.
by TMCD75
Mon Jun 05, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Matching the markets
Replies: 4
Views: 643

Matching the markets

Am I correct to assume to match or beat the markets, you would usually need to be 100% equities? For example, I'll never match the markets this year because I'm only about 80/20. My 80 may very well match the markets but the 20 that I have invested in bonds won't come close.
by TMCD75
Fri May 26, 2017 10:14 pm
Forum: Personal Consumer Issues
Topic: Septic Pumping - Did I get ripped off?
Replies: 50
Views: 6709

Re: Septic Pumping - Did I get ripped off?

To me, that's steep. I've paid $175 in Indiana about 10 years ago and I paid $225 here in Kentucky last year. Where I live now is a very low cost of living area. We live next to Lake Barkley in Western Kentucky. I don't understand how people live in these HCOL areas, puke.
by TMCD75
Wed May 24, 2017 10:26 pm
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 2225

Re: Cash flow observation

It's an important discussion because the paths to a high networth aren't necessarily the exact same paths to a nice cash flow. As my dad's example clearly points out, his path was never the BH path, yet he ended up in a very strong financial position. Now days, someone who wants a nice cash flow wit...
by TMCD75
Wed May 24, 2017 8:46 pm
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 2225

Cash flow observation

An observation I've made from reading this board for the last few years is that net worth is valued more than cash flow. I think cash flow, particularly in retirement, is considerably more important than net worth. My dad is a fine example of lower net worth but nice cash flow. Dad retired from the ...
by TMCD75
Sat Apr 01, 2017 7:07 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 12072

Re: What career helped you become wealthy?

Any time I talk or think about wealth, sadly, I'm reminded of my parent's passing at 62 and 66. Both of my parents worked hard and made good wages. After seeing them both pass away from cancer in their 60s, it totally changes your priorities about working 50 hours a week and trying to get rich. My b...
by TMCD75
Thu Mar 23, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 11988

Re: The $1,124,176 Car.

Buying a BMW versus a Ford Taurus or Toyota Corolla is nothing more than an ego trip. It's all about status and ego. Successful people generally have bigger egos and they definitely get more hung up on the whole status or image thing. Buying that hotshot BMW feeds the ego...buying a Corolla doesn't ...
by TMCD75
Thu Mar 09, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 117
Views: 15044

Re: Does anyone own gold?

The best I can tell you regarding gold, and perhaps my reason for owning a little bit, is because the US economy inevitably booms and busts. Looking back over the last 100 years or so, the economy ALWAYS does this...it'll continue to do this because that's what Capitalism does, folks. When we go bus...
by TMCD75
Sun Feb 19, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 47
Views: 6263

Re: economics of landlording

You should up the rent to $1750-$2000 per month, especially if it's fairly up to date. I still think you're doing ok at $1500 per month though. I'm renting my $150k house out right now for $1200/mo. This is in the Louisville Ky metropolitan area. Everything in the house is up to date and I'm VERY co...
by TMCD75
Thu Feb 16, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4258

Re: Gold vs 401k

I hold a small amount of gold because it's an attractive alternative investment to me. I also hold a small amount of silver, which arguably has more upside than gold. I would never put more than 10% of my networth into metals. Metals serve as a hedge, they typically but not always move in the opposi...
by TMCD75
Thu Feb 16, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: sole prop. - mileage deductions with no "main job" site
Replies: 21
Views: 1703

Re: sole prop. - mileage deductions with no "main job" site

I was a sole proprietor for years and I deducted absolutely any mileage that related to my business. If I had to drive 30 miles to pick up materials, that was deducted. Driving to bid jobs was deducted, etc. In your scenario the tricky part is that they're paying you 15 cents per mile after the 30th...
by TMCD75
Wed Feb 15, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 13058

Re: Bogleheads not the norm?

For me, being a BH is about living modestly, being aware of where my money is going, saving to the best of my ability, not taking on bad debt, and saving in low cost manners. All of those characteristics define what a Boglehead is to me. I'm sure I forgot some traits that could help define a BH, but...
by TMCD75
Tue Feb 14, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 13058

Re: Bogleheads not the norm?

My wife and I are self employed painters. We're probably about as blue collar as it gets around this board. I read many, many posts on here that proclaim a networth of 10 million dollars and it's truly staggering. I'll freely admit that reading those posts are hard to swallow because I'll never make...
by TMCD75
Mon Feb 13, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: why invest internationally?
Replies: 72
Views: 5242

Re: why invest internationally?

Hasn't Mr. Bogle made claims that there's really no need to own International Stocks?? I thought it was documented that he thought it best to own American based investments, is this true? If you had 50k in 1980, 1985, and 1990, and you invested 100% in American owned funds versus another person inve...
by TMCD75
Tue Feb 07, 2017 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 170
Views: 32436

Re: Wow, Vanguard Flagship service is bad. Really bad.

I read somewhere that Vanguard is experiencing MASSIVE growth. It's that growth that is apparently hurting customer service. Vanguard is catching billions of dollars that is fleeing active management models.

I only have around 300k invested with Vanguard, but they've been good on all of my requests.
by TMCD75
Mon Jan 30, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Business opportunity questions
Replies: 5
Views: 764

Re: Business opportunity questions

The property owner is in declining health, that's the reason he's selling. I'm concerned there might be an old fuel tank underground. I'm sure this place had a gas pump 25 years ago. I might have to deal with that and it could be pricey. I'm going to look at the property in the morning, we'll see. Y...
by TMCD75
Mon Jan 30, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Business opportunity questions
Replies: 5
Views: 764

Business opportunity questions

I have an opportunity to buy a lot with a mechanic shop on it. The property is worth about 40k-50k, while the building isn't worth much. It is an older block building that is rented out to a local mechanic for $700/mo. The building would need about 7k-8k in repairs. The mechanic is in his early 50s ...
by TMCD75
Wed Jan 11, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Outliving your savings - pessimistic news
Replies: 21
Views: 4133

Re: Outliving your savings - pessimistic news

I'm not sure I believe the math on average life expectancy. I know a LOT of people who have passed before age 70. In many cases these folks weren't even 55 and I know quite a few. I simply don't believe that the average person will live to 80 years old. It's very common, but good luck proving that i...
by TMCD75
Tue Dec 13, 2016 9:17 am
Forum: Investing - Theory, News & General
Topic: DOW 22000?!?!
Replies: 26
Views: 3675

DOW 22000?!?!

I regularly tune in to Stuart Varney's, FOX Business show. Three weeks ago, Varney was pumping DOW 20000 and here we are approaching that number. This am, I just heard him hyping DOW 22000 and guests were agreeing. They claimed in six months, we'll approach DOW 22000 because of deregulations, pro-bu...
by TMCD75
Wed Nov 23, 2016 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard's website having issues??
Replies: 1
Views: 569

Is Vanguard's website having issues??

I logged on and the numbers are goofy, they aren't correct.
by TMCD75
Thu Nov 17, 2016 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: If you started from scratch, TODAY?
Replies: 31
Views: 5450

Re: If you started from scratch, TODAY?

I'm starting to think that I need to go 90/10 stocks to bonds. I'm 41 and plan on working for another 15 plus years. I just can't get my head around continuing to own a 30% bond position like I currently do when that money just stagnates. If I'm willing to ride out the valleys that go along with a h...
by TMCD75
Thu Nov 17, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: 100% Total Stock Market portfolio
Replies: 31
Views: 5574

Re: 100% Total Stock Market portfolio

This is very interesting, I think people just naturally assume they need to invest heavily in bonds for protection purposes. I'm not sure how much protection you get if a 100% stock portfolio of 250k in 1991 would've accumulated 2.7 million by the year 2016 versus a 70/30 portfolio that didn't earn ...
by TMCD75
Thu Nov 17, 2016 12:06 am
Forum: Investing - Help with Personal Investments
Topic: 100% Total Stock Market portfolio
Replies: 31
Views: 5574

100% Total Stock Market portfolio

Say I would've put all of my money in stocks in 1991, like the VTSAX, how much would 250k be worth today?

My second question, is it really worth having bonds if the answer to my first question is what I think it is???

Thanks!!
by TMCD75
Tue Nov 15, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: I'm up 4.95 percent YTD, is that any good??
Replies: 32
Views: 4444

Re: I'm up 4.95 percent YTD, is that any good??

Thank you for the responses!! My main problem going forward, well two problems really, are that I'm in a physical job and I don't make tons of money like people here. I'm a self employed house painter. My body is still strong at 41, but I'm becoming stiffer. I'm hoping I can push my body until my mi...
by TMCD75
Tue Nov 15, 2016 12:28 am
Forum: Investing - Help with Personal Investments
Topic: I'm up 4.95 percent YTD, is that any good??
Replies: 32
Views: 4444

Re: I'm up 4.95 percent YTD, is that any good??

Yeah, tell me about it. How in the hell am I supposed to get to retirement with such puny returns? I'm 41 and with returns less than 5%, it'll take 30 years to build up a worthy nest egg.