Search found 319 matches

by Strayshot
Wed Feb 21, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: frustrated with patek philippe poor service
Replies: 29
Views: 2321

Re: frustrated with patek philippe poor service

I would fix it for the full amount and get it ready to wear, the money isn’t significant, you say it has lots of sentimental value, go for it. Life is short, fix it and wear it! Pass it on to someone special in your will and hope they also enjoy it :sharebeer
by Strayshot
Sun Feb 18, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 42
Views: 5920

Re: Paying off $372000 mortgage in 12 months

The mortgage rate is definitely higher than any high yield savings rate, so paying the mortgage is a better deal.

Are you saying you have an extra 30 grand of income a month you can pay towards the mortgage? If so, congrats on making a heck of a salary.........
by Strayshot
Sun Feb 18, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3265

Re: I think we can swing this! ($1M retirement home)

The numbers work, go for it! Remember you will get hit with RMD’s at 70.5 that will be another ~60k/year from the tiras/401ks, may want to consider some Roth conversions between now and age 70
by Strayshot
Fri Feb 16, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth - How am I doing?
Replies: 14
Views: 2227

Re: Net Worth - How am I doing?

Compared to Mark Zuckerburg you are failing miserably and living the life of a pauper, you don’t even own a large portion of an island yet. Otherwise it looks like you are debt free, saving money, and not buying lots of depreciating items like cars and boats which are all good things. The ratio of t...
by Strayshot
Fri Feb 16, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Should I make a move?
Replies: 4
Views: 470

Re: Should I make a move?

Money needed for a major purchase in 3-5 years should not be invested and risk loss of principal. High yield savings account or CD’s are the only reasonable instruments for that kind of money. Your question also implies trying to time the market, which is impossible. How would you feel if your 4000 ...
by Strayshot
Fri Feb 16, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 27
Views: 4150

Re: Laid off ...next steps

Plan to spend about a week being depressed about the situation, then a week getting introspective about what you want to do with your life, then a week or two taking a nice vacation somewhere, then back to reality and diving in to the job search. If you have a year saved even without unemployment (w...
by Strayshot
Thu Feb 15, 2018 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 824

Re: Disabled and need Investment Advice

You could do a two life annuity or you could just originate a 20 year term life policy on the spouse for 500k or so to cover the original funds. Looks like it would be about 2k/year or so which might be a better value than the reduced annuity payments from two life. Depends on life expectancy of the...
by Strayshot
Thu Feb 15, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 721

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

Maybe the idea of using a HELOC to pay the higher mortgage payments would be a simpler arrangement but I don't know if he'd qualify for two monthly payments. Granted the refi costs even if rolled in would be a lot if he's only there a year or two. The home is worth 190k but to make the math easy we...
by Strayshot
Thu Feb 15, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 824

Re: Disabled and need Investment Advice

To be completely honest, you sound like a good candidate for an annuity. I would cash out the retirement assets (avoid penalties but prepare to pay the taxes owed) and buy an annuity for your spouse with the remaining assets. A quick quote shows you would get at least 1500/month or so, which combine...
by Strayshot
Thu Feb 15, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 721

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

Don’t forget the transaction costs (likely in the thousands) involved with originating another mortgage, which will eat equity in the home. This individual seems to be living on a meager budget, so incurring $3000 in transaction costs is sizeable. I do not believe that there are no other living arra...
by Strayshot
Thu Feb 15, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 721

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

You can’t really replace a mortgage with a heloc, the heloc is a secondary lien and they would offer a heloc line equal to the difference between what is owed and 80% of the appraised value. Maybe you could convince someone to do a heloc with an initial draw that would pay off the first lien and the...
by Strayshot
Wed Feb 14, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15754

Re: free dinner investing seminar

Dang it, I am missing the gravy train! :oops: I only ever got one of these invites and the pitch was investing in storage units, I couldn’t make it work with my schedule so didn’t go. Never been invited since. How can I get them to start up again? I can get a T-shirt made that says “two comma club” ...
by Strayshot
Tue Feb 13, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: In plain English, please explain what was VIX, what happened to it and why?
Replies: 68
Views: 5803

Re: In plain English, please explain what was VIX, what happened to it and why?

I have been far too busy trading on both ZMBE which represents the inverse probability of a zombie apocalypse damaging enough physical road infrastructure to lower worldwide automobile sales by more than 50% as well as BNNA which tracks banana commodity futures offset by the combined short pressure ...
by Strayshot
Mon Feb 12, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 126
Views: 8969

Re: What big item (>20k) are you saving up for?

Renting a carribean island for a week for 30 friends/family :sharebeer
by Strayshot
Mon Feb 12, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Suggest a Financial Aggregator Site
Replies: 8
Views: 671

Re: Suggest a Financial Aggregator Site

I do all of this in Quicken
by Strayshot
Sun Feb 11, 2018 10:52 pm
Forum: Personal Consumer Issues
Topic: Good Hotel in DC
Replies: 35
Views: 2154

Re: Good Hotel in DC

I'm partial to The Mayflower. It's right near Farragut North and Farrugut West on the Metro. There are also plenty of restaurants and shops on Connecticut Ave and in the surrounding area. There is plenty of history about the hotel itself, the rooms are nice and the restaurant is quite good. +1 for ...
by Strayshot
Sat Feb 10, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Physician disability insurance
Replies: 8
Views: 588

Re: Physician disability insurance

It’s apples to oranges, but OB/GYN $8370 monthly benefit is $4300/year through the standard. This is own occupation, cola, etc etc and able to be increased to 15000 monthly benefit.
by Strayshot
Sat Feb 10, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: My Portfolio – Youngish Investor – Can I Improve?
Replies: 8
Views: 574

Re: My Portfolio – Youngish Investor – Can I Improve?

You are 28 but didn’t say your desired asset allocation, but you are very skewed to bonds. I would fix it now. I don’t understand the tax issue, you will owe taxes on the bonds regardless unless your point is that you are trying to sell just enough to stay in your current marginal bracket rather tha...
by Strayshot
Sat Feb 10, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6619

Re: Day trading for a living/career?

Do people make a living gambling? Sure! Will you be able to make a living gambling? Well, you could flip a coin for the answer.......... The real question is if you don’t make a living gambling, how bad will it be? I know folks who are “successful” day traders, poker players, gamblers, venture capit...
by Strayshot
Sat Feb 10, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Physician disability insurance
Replies: 8
Views: 588

Re: Physician disability insurance

You need to compare by specialty because that is the basis on which DI is quoted (and health, age, etc). What specialty?
by Strayshot
Sat Feb 10, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: What Would you do? (Inheritance)
Replies: 22
Views: 2804

Re: What Would you do? (Inheritance)

OP, The good news is that you are thinking this through and looking at your options. Sorry for your loss. Some things may transfer in kind to vanguard, but some will not. I like your option 1, because of stepped up basis on death and the recent pullback you can harvest losses, so I see no reason not...
by Strayshot
Fri Feb 09, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13170

Re: "The stock market is officially in a correction... here's what usually happens next"

"Stay the course" is not the same as "Buy and hold." Corrections and bear markets can often be an opportunity to rebalance, sell an unwanted fund, tax-loss harvest or move to another company. Best wishes. Taylor Hi Taylor, I want to thank you again for the guidance I received from you, Mel, and Bob...
by Strayshot
Thu Feb 08, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13330

Re: Financial Hole

I have enjoyed this thread, not because it has been taunting the well-meaning bogleheads community, but because the dialog between JoeSo and others exemplifies why so many people in America today are in dire financial straits that are absolutely of their own making. Now when I see statistics that a ...
by Strayshot
Wed Feb 07, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: 26yr old - Check Up - How am I doing?
Replies: 9
Views: 1433

Re: 26yr old - Check Up - How am I doing?

OP you are doing an excellent job! I have no portfolio suggestions other than a chuckle at some of the obviously horrid “investments” available in the 401k’s and wondering why they are even included by plan providers (example BCSIX and MGOYX). A useful exercise would be making a spreadsheet and look...
by Strayshot
Thu Feb 01, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Finally going to invest, brother is FA
Replies: 89
Views: 6554

Re: Finally going to invest, brother is FA

Congratulations on finding the double whammy of bad investing! Investing with close family and investing with Edward Jones. Destroy family relationships and ALSO your retirement? Yes please! On the bright side it could be worse, you could have a sibling who is an insurance salesman peddling whole li...
by Strayshot
Wed Jan 31, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with Ameriprise annuities
Replies: 37
Views: 2041

Re: In Ameriprise too deep

Not entirely sure what question you are asking. The first annuity does not seem too bad for the income level, at this point I would keep it. I don’t understand the info about the second annuity. Why are you carrying an ARM for 80k if you have 250k in your brokerage, pay off the mortgage. Where does ...
by Strayshot
Sat Jan 27, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: Cigar buying help
Replies: 39
Views: 2149

Re: Cigar buying help

Padrons are some of the best, but are pricey and possibly too strong for new cigar smokers. The Padron 1926 80th anniversary is probably my favorite cigar. The prior poster mentioned the opus x which is also excellent but difficult to find and even more expensive than the padron. For something mild,...
by Strayshot
Sat Jan 27, 2018 9:54 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12878

Re: Can I be a member of the two comma club?

... The exception would be folks on HCOL real estate run-up regions like CA. If you claim two comma but 90% of your worth is in your property, there is a strong chance your membership could be pulled due to such a lack of investment diversity (local real estate) if the market turns. Congrats! Might...
by Strayshot
Sat Jan 27, 2018 9:20 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12878

Re: Can I be a member of the two comma club?

Welcome to the club! I think there is a single thread dedicated to financial milestones now, so perhaps the mods can merge this one in rather than keep it separate. Whether you are going by net worth or by invested assets, once you are two comma the reality is as long as you stay the course we won’t...
by Strayshot
Thu Jan 25, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 124
Views: 17520

Re: My boneheaded financial mistakes

Mr.BB wrote:
Fri Sep 29, 2017 8:30 am
My wife has a picture of a large boat sinking in the water with the caption "Maybe your life was meant to serve as a warning to others." I think these posts just goes to show you that at one time or another we were all captains of that ship.
Love this!!! :sharebeer
by Strayshot
Wed Jan 24, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: Calling all stats and math gurus...monte carlo in excel or online program
Replies: 13
Views: 1072

Re: Calling all stats and math gurus...monte carlo in excel or online program

I had previously used a product called “Crystal Ball” to do Monte Carlo simulation in excel, but that was a decade ago. Apparently the product is still around and owned/sold by Oracle so that might be a viable choice depending on cost (I have no idea how much it costs now).
by Strayshot
Wed Jan 24, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: am I crazy to do a lump sum investment with my entire retirement in this current stock market?
Replies: 47
Views: 5824

Re: am I crazy to do a lump sum investment with my entire retirement in this current stock market?

my husband has some retirement also, maybe $100,000 or so. He has maybe 75% of it in a self-directed Roth IRA that he uses to issue personal loans (the borrowers being coworkers and their acquaintances), and the rest in his employer-sponsored 401K. He hasn't been reading all the info on the stock m...
by Strayshot
Sun Jan 21, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Physician
Replies: 28
Views: 1909

Re: Disability Insurance - Physician

Policies, even when offering similar benefits at the top level, can all be different. Different issuers can price out policies with pretty dramatic deltas in $ for the same specialty because they put them in different categories. My recommendation is, especially since your DI premiums in practice wi...
by Strayshot
Sat Jan 20, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Getting Started
Replies: 3
Views: 247

Re: Getting Started

If by place you mean institution, there are 3 commonly mentioned for good selection, low fees, and reputation: Vanguard, Fidelity, and Schwab

Any one of those is a good place to begin your investing portfolio!
by Strayshot
Sat Jan 20, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 7630

Re: Lost money through Bitconnect scam - learned my lesson

If you want to feel better, ask your coworkers how much they lost. Everything is relative! Appreciate the story, as it is actionable to remind folks to stay the course and a good reminder that nearly everything related to “cryptocurrency” is a scam with no real value, including the currencies themse...
by Strayshot
Sat Jan 20, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Saturday Morning Panic and I-bonds
Replies: 8
Views: 1566

Re: Saturday Morning Panic and I-bonds

I don’t know how much you have in other “tax sheltered” accounts (generally called tax advantaged accounts or tax deferrred accounts) such as 401k, 403b, etc and that may be helpful. I don’t understand why you are introducing such complexity with the I bond component. For 8-9k of total funds (a smal...
by Strayshot
Thu Jan 18, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7568

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

$399 buys a lot of books, including “The White Coat Investor”, both bogleheads books, everything jack bogle has ever written, Ben Graham’s intelligent investor, and probably everything Bernstein has written as well. This is clearly a “sell” to “busy physicians” who can’t read and smells of an infome...
by Strayshot
Wed Jan 17, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 4423

Re: Lost Job. Retirement/Portfolio Advice

OP has won the game but doesn’t know it. Our job is to convince him/her the game is won and how to set up for the future. I would take $750k of the cash and buy a low expense ratio total bond fund. I would keep the individual stocks that are good dividend payers as yearly income at a low tax rate an...
by Strayshot
Wed Jan 17, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle says Fidelity will be sold in 5 years...
Replies: 37
Views: 8653

Re: Jack Bogle says Fidelity will be sold in 5 years...

If the purchasing entity takes them public, I am all for it. Would love the opportunity to own a piece of my favorite financial institution! :sharebeer
by Strayshot
Thu Jan 11, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12393

Re: Is it time for me to "call in rich"?

Retire! By all measures your asset base should support it assuming the investments are in an appropriate allocation. Now is the perfect time to get a lot of traveling done over the next decade while your mobility is (hopefully still) good. It also sounds like there are ATVs to be ridden, guns to be ...
by Strayshot
Wed Jan 10, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 142
Views: 21278

Re: What age did you become debt free and what opportunities did it create?

DW and I don’t ever plan to be debt free as long as 0% no fee balance transfers and other free money like credit card rewards are floating around. Actually, once I am towards very end of life I plan to divorce (leaving all assets to wife or kids as needed) so I don’t have a penny to my name that can...
by Strayshot
Wed Jan 10, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Men's no iron dress shirt recommendations
Replies: 66
Views: 4153

Re: Men's no iron dress shirt recommendations

Brooks brothers +1, best option is to try shirts on at a store because the fit/size can be non intuitive (at least for sport shirts). I prefer their typical material to things like Brookscool and prepare for wrinkle fest if you go with Egyptian cotton over the no iron If you have a discovercard and ...
by Strayshot
Sun Jan 07, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Implications of top 1% owning 40% of the Stock Market?
Replies: 16
Views: 1304

Re: Implications of top 1% owning 40% of the Stock Market?

I am surprised the number is not higher, but lots of folks with >5M tend to focus their wealth in ownership of private (not publicly traded) companies.

There is only one implication: if you are not investing in the market, you are missing out.
by Strayshot
Fri Jan 05, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 68
Views: 4974

Re: State Farm vs Geico

State Farm seems to be pricey for umbrella coverage, my $5M umbrella is $800 a year, but that is offset by lower homeowners and auto rates (at least in my area). I did comparisons last year and Amica was the next best option (I was upset that SF jacked my umbrella rate by 18% for no reason) but summ...
by Strayshot
Sat Dec 23, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21386

Re: Do you see a meaningful change in your income with new Tax Bill?

Very very meaningful change for us. Elimination of the marriage penalty plus that wonderful and wide 24% bracket is amazing. Our itemized vs the new standard deduction is a wash if you exclude charitable giving, so I frontloaded a DAF for 5 years and will just take the standard deduction going forwa...
by Strayshot
Sat Dec 16, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 17143

Re: What to do after losing $117k in stock market?

5. I do have a gambling problem. I can't even consider some of the suggestion about allocating small amount (%5) as play money to trade stocks. I know myself too well, that small play money will end up being another $100k down the toilet. I give up completely on picking individual stocks. It is not...
by Strayshot
Mon Dec 04, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5588

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

maybe with such low salaries they can't afford to... This kind of thinking is what traps people with low income into always having low income. The goal is that when people are faced with investing or spending that the logic shift from “how can I possibly afford to” into “how can I possibly afford N...
by Strayshot
Tue Nov 21, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Time for my checkup - **Warning - long post**
Replies: 16
Views: 2559

Re: Time for my checkup - **Warning - long post**

I am unclear on what your 3.9k/mo saving entails. Is this the money going into tax advantaged accounts or additional money going into taxable accounts? What is the current amount of after-tax monthly income after all budget items are paid and all tax-advantaged accounts are funded? Call this X You h...
by Strayshot
Thu Nov 16, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 2317

Re: How much to charge for nanny services on New Year's Eve?

Why is ability for the customer to pay a certain rate even relevant? I could understand an attempt at selective pricing for a long term gig, but for a holiday evening I would go double time and call it a day. This is pretty standard practice for non-exempt hourly workers.
by Strayshot
Wed Nov 15, 2017 1:56 pm
Forum: Local Chapters and Bogleheads Community
Topic: BH recent Membership [BogleHead]
Replies: 17
Views: 1911

Re: BH recent Membership

Hopefully this means that Edward Jones “advisors” lost at least 10440 clients this year :sharebeer