Search found 155 matches

by mirror
Thu Feb 18, 2021 6:00 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17194

Re: best wristwatch for the price

In order:

Casio F91-W
G-Shock
Pretty much any offering from Sikeo/Orient that fits the style you are looking for
by mirror
Thu Jan 07, 2021 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Feedback
Replies: 5
Views: 425

Re: Refinance Feedback

Interesting feedback so far, I was under the impression consolidating debt in a mortgage refinance wasn't a good idea since the extended term outweighed the benefit of the lower rate.

Certainly something to think about. :sharebeer
by mirror
Thu Jan 07, 2021 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Feedback
Replies: 5
Views: 425

Re: Refinance Feedback

15 yr Also, have you looked into taking a larger home loan in order to wipe out the car loan? I’d be tempted to do a $155K cash out refi and have all my debt at 2.125% on the 15 yr schedule Thanks for the input! 15 years was my initial thought, but wanted some objective feedback. Rolling the car lo...
by mirror
Wed Jan 06, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Feedback
Replies: 5
Views: 425

Refinance Feedback

I got a refinance quote for both 15 and 30 year conventional loans and I am trying to get help determining which makes the most sense in my situation. Current Mortgage Balance: $131,000 Rate: 3.125% Term: 30 years started in 2012 but paid a lump sum early on to get rid of PMI so amortization schedul...
by mirror
Tue Dec 22, 2020 6:34 pm
Forum: Personal Consumer Issues
Topic: Where do you store gold?
Replies: 118
Views: 8060

Re: Where do you store gold?

Caduceus wrote: Tue Dec 22, 2020 4:33 pmWhere do you store your gold / valuables?
Nice try; not falling for that one. :wink:

https://youtu.be/l_3_9zK4y-Q?t=00m12s
by mirror
Fri Dec 18, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Used Sports Car
Replies: 77
Views: 5811

Re: Used Sports Car

by mirror
Fri Dec 18, 2020 3:53 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11478

Re: Luxury clothes

To both of the above posts - what is wrong with sharing (whether critical or not) ones opinion on a subject? If we all did and said the same things within an echo chamber, how would we ever even know that there is another perspective? 100% stocks! vs anything else used Camry vs nothing. there is no...
by mirror
Fri Dec 18, 2020 2:02 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11478

Re: Luxury clothes

I feel like some people think it is their moral obligation to chime in on topics they whole heartedly disagree with, or by own admission don't understand, to let others know they are living incorrectly. Why respond at all if you are just going to tell the OP they should reconsider their life choices...
by mirror
Thu Dec 17, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: 529 A No Brainer?- Elementary Tuition
Replies: 5
Views: 576

529 A No Brainer?- Elementary Tuition

I live in a state that gives a tax break on contributions to 529s which results in a 5.4% tax savings. I don't intend to invest the money, but rather contribute next year's tuition for elementary school this tax year. That would essentially be a guarantee 5.4% savings on tuition right? I know that I...
by mirror
Sun Nov 22, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10059
Views: 712263

Re: Refinance Mega Thread

Deleted.
by mirror
Fri Nov 13, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter ready to buy car on her own. Decent fico, not long history, pre-approval rate is high.
Replies: 65
Views: 3500

Re: Daughter ready to buy car on her own. Decent fico, not long history, pre-approval rate is high.

Daughter , recent college grad, working full time around 50k year, very low living expenses, no cc debt fico around 690. Not much of credit history other than a small student loan she's been paying on. Looking at buying used mazda 2 -3 years old for around 13k. She'll be putting around 8k down so l...
by mirror
Mon Aug 10, 2020 7:56 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15849

Re: What happens if you run out of money in retirement?

livesoft wrote: Tue Aug 04, 2020 11:25 am I'd move in with my one of my girlfriends.
I think we see why you ran out of money!
by mirror
Tue Aug 04, 2020 9:36 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15849

Re: What happens if you run out of money in retirement?

It seems like almost half of people over 55 are going to have to figure that problem out. https://www.investopedia.com/articles/personal-finance/010616/whats-average-401k-balance-age.asp A 2019 Government Accountability Office study found that nearly 48% of Americans age 55 and older don’t have any ...
by mirror
Wed Jul 22, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best options for loans when buying new house until current one sells?
Replies: 5
Views: 430

Re: Best options for loans when buying new house until current one sells?

I don't quite have enough cash on hand right now to buy our new home (but will when I sell my current house (no mortgage on it, own it outright). I expect my current house to sell for about $420K and the new house is $260K..(I have about 200K in cash)..so in the event I need to close and still own ...
by mirror
Sun May 03, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

KlangFool wrote: Sun May 03, 2020 5:01 pm OP,

A) Is it a recourse loan or a non-recourse loan?

B) What if pulling out the money increase the liquidity requirement? Aka, the monthly mortgage payment.

KlangFool
What are your thoughts in each of those scenarios?
by mirror
Sun May 03, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

I have a HELOC at 4.25%. After using it to get kids through college, I paid it off. It's only for very brief loans for cash flow now. I find it easy to pay off my credit cards every month, but once you start spending out of a HELOC, it's easy to let the total get too high. True, one may find other ...
by mirror
Sun May 03, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

I've known smart people who believed they should carry as big a mortgage as they qualified for. So just because I disagree with you doesn't mean you are wrong or that i'm wrong. Housing finance tends to be a gut feeling based on when and how you grew up. Houses are not edible, but you can't eat mon...
by mirror
Sun May 03, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

Seems like a silly question. Your examples are pretty poor examples of “liquidity”. A better question would be, should you rely on these suggested forms of debt in planning for a time of economic uncertainty? And you have an abundance of evidence that tells you absolutely not. Essentially no one wi...
by mirror
Sun May 03, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

We made a gingerbread house at Christmas. It was certainly edible..... Back to reality. We have a 1 year emergency fund (combo of cash and bond funds in taxable) and additional taxable accounts of stocks as well as Roth IRAs. We have no need to raid the equity in our home like typical poor broke in...
by mirror
Sun May 03, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

Most banks are allowing deferral of payments x 3 months (forbearance) no questions asked No impact to credit history, no balloon Gets added to back end https://www.wellsfargo.com/mortgage/manage-account/payment-help/forbearance-plan/ We are continuing to pay and want to get mortgage completed by th...
by mirror
Sun May 03, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Re: Houses Are Not Edible

There are quite a few hypotheticals in that scenario. For someone who has exactly six months EF, no other after tax investments, no IRAs or 401K (which can now be borrowed against for three years without penalty), maybe for that person it could make sense. Essentially this is a HELOC in a non-tradi...
by mirror
Sun May 03, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 3025

Houses Are Not Edible

With interest rates where they are today, barring an irrational debt to value ratio (defined as >70% for purposes of this post), why wouldn't/shouldn't one prioritize liquidity in times of economic uncertainty? For example, if one could do a cash out refinance in which they receive $60k, and the tot...
by mirror
Mon Apr 15, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 172
Views: 47816

Re: Do not use Personal Capital

What exactly is the issue here? Of course they have visibility into your accounts, how else would the advisor provide you with advice? Although they can have access, I should have the ability to control that access. You can/do. Change your password with your bank, but don't update the account in pe...
by mirror
Fri Apr 05, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: New Car Fund
Replies: 13
Views: 1201

Re: New Car Fund

sport wrote: Fri Apr 05, 2019 9:39 am My thought is that you never know when you might need to replace a car. The present car could get stolen or wrecked...
One should be sure that they have adequate insurance coverage.
by mirror
Fri Mar 22, 2019 6:07 pm
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 5199

Re: Being a Boglehead and car enthusiast stinks

Being a Boglehead doesn't mean that you rarely spend money. I think that is one of the biggest misconceptions about Bogleheads. No but the standard mantra seems to be if you buy anything more than a Corolla you really should reconsider your choices. see: https://www.bogleheads.org/forum/viewtopic.p...
by mirror
Fri Mar 22, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 14681

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

While I understand the overarching concept I'm failing to see where either the 40 years or 9 percent are guaranteed.
by mirror
Sat Feb 23, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Toyota Sequoia questions
Replies: 89
Views: 5989

Re: Toyota Sequoia questions

1. It sounds like you're not even expecting a second child yet. Is your current car on its last legs and need to be replaced or are you just getting the itch for something new? We can get by for a while longer with what we have, but not much longer. Once we get to the mid second trimester we won’t ...
by mirror
Sat Feb 23, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Toyota Sequoia questions
Replies: 89
Views: 5989

Re: Toyota Sequoia questions

1. It sounds like you're not even expecting a second child yet. Is your current car on its last legs and need to be replaced or are you just getting the itch for something new? 2. Why ask about specific features of a make/ model on a financial forum instead of a dedicated Toyota forum or visit a dea...
by mirror
Tue Jan 29, 2019 8:56 pm
Forum: Investing - Theory, News & General
Topic: Opportunity Cost of [Holding] an Emergency Fund [in Cash/Bonds]
Replies: 60
Views: 4752

Re: Opportunity Cost of an Emergency Fund

These discussions can be pretty funny. Both sides are saying the same thing (have a large amount of savings) but disagree over where to put it. It is like pulling gnat poop out of pepper. On one side the 'invest the EF' camp is worried about missing out on possible gains on a "relatively" ...
by mirror
Sat Jan 19, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Wills- Options other than family/charities?
Replies: 34
Views: 1954

Wills- Options other than family/charities?

When writing a will what are other options/entities one can include outside of family or a charity to receive property, money, etc.?
by mirror
Tue Jan 01, 2019 2:05 am
Forum: Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 105
Views: 12940

Re: What is the expected real return of S&P 500 for the next 30 years?

For those that responded they plan on 2-3% real, why invest in the stock market? This is a legitimate question that I have been pondering recently. I am not saying your assumption is wrong, I have no way of knowing, but if that is all that is expected it seems like owning sticks is more risk than re...
by mirror
Sun Dec 30, 2018 10:20 pm
Forum: Personal Investments
Topic: How Much is Too Much
Replies: 31
Views: 4202

Re: How Much is Too Much

Build up the emergency fund to at least 6 months. Max out retirement accounts. If you have anything left then consider a taxable investing account. Got term life insurance? Why 6 months? Just offering another opinion: https://earlyretirementnow.com/2016/09/07/debunking-emergency-funds-part1/ https:...
by mirror
Fri Nov 30, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting strategies
Replies: 21
Views: 2674

Re: Budgeting strategies

Mine is pretty simple: Figure out savings/investing goal Set up automatic transfers to meet those goals Spend from what is left If there is still $ left at the end of the month save/invest it Repeat I tried YNAB, Mint, and manual spreadsheets and I found tracking each and every penny/transaction was...
by mirror
Sat Nov 24, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 6106

Re: What’s your “barometer” for luxury purchases?

...how you make decisions around watches and cars... I would guess that the very same people that would never justify spending more than $200 on a watch are the same people that might own a Lexus over a Toyota... My decision on watches is not to buy one. My wife's cell phone tells us the time and I...
by mirror
Thu Nov 08, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 17095

Re: How much money are you leaving your kids after you die?

My wife's parents are at high risk of dementia and struggle with alcohol abuse, yet their retirement plan is to "work until they croak". We've been keeping fully informed on their assets since our mid 20s so that we know how much it will impact us when they're no longer able to keep worki...
by mirror
Fri Oct 19, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 160
Views: 14476

Re: What time do you get up in the morning?

I was once told that if a parent wants to accomplish things, they must create time rather than find it. Heading this advice I have been waking up around 4am to get in a quick jog, weight lifting (none of the which is anything to brag about, but it is better than nothing), Bible and prayer time, and...
by mirror
Fri Oct 19, 2018 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Isn't Paying off the mortgage early putting less money in your house (not more)?
Replies: 96
Views: 10702

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Think about it: Have you ever met anyone who regretted paying off their mortgage? This seems pretty important to me. Does anyone here regret paying off their mortgage early? I paid mine off in two lump sums in 2012/2013 and even knowing now the math would've favored investing instead, I still don't...
by mirror
Thu Oct 18, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Isn't Paying off the mortgage early putting less money in your house (not more)?
Replies: 96
Views: 10702

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Think about it: Have you ever met anyone who regretted paying off their mortgage? This seems pretty important to me. Does anyone here regret paying off their mortgage early? I paid mine off in two lump sums in 2012/2013 and even knowing now the math would've favored investing instead, I still don't...
by mirror
Sat Oct 06, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 6628

Re: 7 Investing Truths That Aren't

"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. I entirely agree. Most eight year olds will have a hard time just understanding what fractional ownership of a multinational company is. Heck, a lot of adults have trouble with that one...
by mirror
Fri Oct 05, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 6628

Re: 7 Investing Truths That Aren't

"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. I entirely agree. Most eight year olds will have a hard time just understanding what fractional ownership of a multinational company is. Heck, a lot of adults have trouble with that one...
by mirror
Fri Oct 05, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 235
Views: 34604

Re: 20 countries where 200K in retirement savings will last you decades

Some viable options in that slide deck. I’m not a big fan of slide articles so I only went to number 6, but the only location in 1-6 I haven’t been is Nicaragua. If push came to shove I could see pulling off something like this. Food for thought - I don’t think the majority of US citizens aged 60 o...
by mirror
Wed Oct 03, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 6234

Re: Is an emergency fund just about market timing?

I genuinely curious if someone can come up with an example where they would need 3-6 months' expenses RIGHT NOW in cash only. I feel like some people here wouldn't be happy without 2 years of cash, a year's supply of food, an independent power grid, and a pocket knife for good measure. Some points t...
by mirror
Wed Sep 12, 2018 6:32 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 10648

Re: What will you do when you find you have more money than expected?

Some people are too literal. If one said they would drive their car until the wheels fell off someone would chime in about that being a safety hazard to others in the road...
by mirror
Sun Sep 09, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 10648

Re: What will you do when you find you have more money than expected?

#1.
I'm with Saul on this one, I want the last check I ever write to bounce.
https://m.youtube.com/watch?v=fwqW1laFbg0
by mirror
Wed Sep 05, 2018 10:26 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 87
Views: 14403

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

According to my local enterprise office and the paperwork Ford is paying them $45/ day $1350/ month. If that is the case then there is a rapidly approaching deadline where they will have paid enterprise more than the car is actually worth.
by mirror
Sat Sep 01, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 8045

Re: Daily Driver (Car) Over 100K Miles?

My goal is 10 years and 200,000 miles before considering doing anything. It has worked for most things except for a couple with unexpected and expensive failures although both were near the goals before having transmission failures. 20k miles a year? Dunder Mifflin sales calls must have you running...
by mirror
Mon Aug 13, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 7622

Re: how much car can we afford?

We all know there are only two answers to this question:
1) you don't need a car and should punch yourself in the face for even considering not riding a bike everywhere
2) drive a used Camry until your liquid assets are >$5M and then buy a Tesla
:twisted:
by mirror
Tue Apr 03, 2018 3:35 pm
Forum: Personal Investments
Topic: Rollovers, Fund Shifts, and Other Questions
Replies: 1
Views: 610

Rollovers, Fund Shifts, and Other Questions

Emergency funds: 6 months of expenses Debt: $149,000 mortgage @ 3.125% 19 years left Tax Filing Status: Married Filing Jointly Tax Rate: 22% Federal, 6% State Age:32 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 0% of stocks New 401k best options: Vanguard Instit...