Search found 3340 matches

by greg24
Fri Feb 22, 2019 11:51 pm
Forum: Personal Investments
Topic: bitcoin guy wants to stock market
Replies: 26
Views: 1067

Re: bitcoin guy wants to stock market

You should absolutely let fees help make the decision. Fees are one of the few things you can control in investing.
by greg24
Fri Feb 22, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Trouble stomaching car
Replies: 50
Views: 3806

Re: Trouble stomaching car

Keepcalm wrote:
Fri Feb 22, 2019 7:20 am
a little update...I was not happy being 3/4 of the way towards the car I actually wanted. So I took the extra half step and just got the one I wanted.
You hated seeing how much you paid or owed on the first car, so your answer was to buy a more expensive one?
by greg24
Thu Feb 21, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3113

Re: Do tax accountants add any value?

To me, having someone else do your taxes can have negative value.

By doing my own taxes, I feel I have a much greater understanding of our tax structure and how it affects me.

This understanding allows me to minimize my taxes over the course of my life.
by greg24
Thu Feb 21, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Side gig ideas with minimal requirements?
Replies: 86
Views: 4169

Re: Side gig ideas with minimal requirements?

Spend your free time upgrading your programming skills.

Don't make an excuse, just do it.
by greg24
Tue Feb 19, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3627

Re: My Mortage = Is it a problem?

Can you explain idea a little further? Are you suggesting to load up on 401k with the extra $$ instead of 529? I see how that would save in taxes, but how does that help pay for college when he's 55? He won't be able to access that cash to pay for college, right? If he uses a Roth, he won't get any...
by greg24
Fri Feb 15, 2019 10:25 am
Forum: Personal Investments
Topic: Can't contribute to an IRA during grad school but still want to save
Replies: 20
Views: 888

Re: Can't contribute to an IRA during grad school but still want to save

A taxable account with the Total Stock Market fund makes total sense for you. Tax-efficient and a great fund for a young person to start with.
by greg24
Thu Feb 14, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to live well in retirement below the poverty line (not pay taxes)
Replies: 45
Views: 5778

Re: How to live well in retirement below the poverty line (not pay taxes)

Different strokes. I don't have or want high spending needs. My requirements are few. I like it that way. Don't like "stuff." Then frame your question that way. "I need about 30k a year to live on. What is the most effective way to pull this from my portfolio while minimizing taxes?" Your opening p...
by greg24
Wed Feb 13, 2019 10:41 pm
Forum: Personal Investments
Topic: Missed the Boat!!
Replies: 47
Views: 6221

Re: Missed the Boat!!

You say you have ~40% in bonds/cash, does that mean the other 60% are in equities?

My advice: start moving your assets to your chosen asset allocation over time.
by greg24
Wed Feb 13, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: How do I respond to this advisor?
Replies: 30
Views: 3805

Re: How do I respond to this advisor?

What was interesting is that he was suggesting an "x-ray" of the portfolio should show the majority of an investors total funds in Small and Mid-cap Value based upon the nearly 50 years of data. So this wasn't just "add a small cap value fund" to your portfolio. Morningstar.com popularized the "x-r...
by greg24
Tue Feb 12, 2019 2:22 pm
Forum: Personal Consumer Issues
Topic: 3 year old tires installed (Sam's club). Should I do anything about this?
Replies: 104
Views: 8090

Re: 3 year old tires installed (Sam's club). Should I do anything about this?

You should get on twitter and tweet all this information at the corporate Walmart account. I doubt they want the world seeing they sell 3 year old tires and refuse to replace them. I think you overestimate how much most people care about the age of their tires. I'm not estimating anything about how...
by greg24
Tue Feb 12, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: 3 year old tires installed (Sam's club). Should I do anything about this?
Replies: 104
Views: 8090

Re: 3 year old tires installed (Sam's club). Should I do anything about this?

You should get on twitter and tweet all this information at the corporate Walmart account.

I doubt they want the world seeing they sell 3 year old tires and refuse to replace them.
by greg24
Fri Feb 08, 2019 2:07 pm
Forum: Personal Investments
Topic: Money Market: Stay with Fidelity or open Vanguard?
Replies: 12
Views: 661

Re: Money Market: Stay with Fidelity or open Vanguard?

Fidelity SPRXX is yielding 2.27%. That may be an option to stay in the Fidelity family and keep things simple.
by greg24
Fri Feb 08, 2019 1:32 pm
Forum: Personal Investments
Topic: Emergency Fund Plan Help
Replies: 5
Views: 447

Re: Emergency Fund Plan Help

This is a really good point that I'd like to second. Remember that within the last two years, VMMXX was paying 0.01% while HYSA's were paying > 1%. That was at least 4 years ago, not within the last two. VMMXX total return: 2018: 1.95% 2017: 1.02% 2016: 0.49% There is a lot to be said for simplicit...
by greg24
Tue Feb 05, 2019 10:48 pm
Forum: Investing - Theory, News & General
Topic: VMMXX - Why so popular? [Vanguard Prime Money Market Fund]
Replies: 23
Views: 2678

Re: VMMXX - Why so popular?

VMMXX -

Rates consistently near the top of the charts
Easy transfer to other bank accounts
Checkwriting privileges
Easily exchange for other Vanguard funds.
Part of the Vanguard family
by greg24
Tue Feb 05, 2019 2:06 pm
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 87
Views: 9692

Re: Crypto Exchange goes bankrupt after owner dies with only password

Something like 28% of all bitcoins are already lost, depending on how you measure. The number goes up daily.

Surely a currency you should place your trust in.
by greg24
Tue Feb 05, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Concerns about the Accuracy of Indexing for non-Vanguard funds (e.g. Fidelity)
Replies: 13
Views: 904

Re: Concerns about the Accuracy of Indexing for non-Vanguard funds (e.g. Fidelity)

"The greatest enemy of a good plan is the dream of a perfect plan." - John Bogle
by greg24
Tue Feb 05, 2019 1:44 pm
Forum: Personal Investments
Topic: Is the fund business a loss leader for Vanguard?
Replies: 3
Views: 342

Re: Is the fund business a loss leader for Vanguard?

I do not see an obsessive push into trusts.
by greg24
Tue Feb 05, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Tax consequences of compromising a client’s bill
Replies: 12
Views: 658

Re: Tax consequences of compromising a client’s bill

Jags4186 wrote:
Tue Feb 05, 2019 10:56 am
The point of sending the 1099 is to stick it to the client.
Don't cut off your nose to spite your face.

This kind of thing could come back to bite her. Poor reputation, etc.
by greg24
Tue Feb 05, 2019 10:23 am
Forum: Personal Investments
Topic: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.
Replies: 22
Views: 2860

Re: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.

Another vote for a move to Vanguard. Or another low-cost provider. Fidelity has some great low cost funds and a better online interface.
by greg24
Mon Feb 04, 2019 4:46 pm
Forum: Personal Investments
Topic: 401k or IRA options for employers that don't want to provide them for their employees
Replies: 7
Views: 239

Re: 401k or IRA options for employers that don't want to provide them for their employees

<r><QUOTE author="masonstone" post_id="4362023" time="1549314024" user_id="130390"><s>[quote=masonstone post_id=4362023 time=1549314024 user_id=130390]</s>The household income of the employer is about $1million.<e>[/quote]</e></QUOTE> <QUOTE author="masonstone" post_id="4362030" time="1549314251" us...
by greg24
Mon Feb 04, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?
Replies: 25
Views: 2963

Re: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?

I wouldn't pay 24% in taxes on something that you may manage to avoid taxation in the future.

A bird in hand is worth two in the bush.
by greg24
Mon Feb 04, 2019 10:28 am
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4507

Re: On average, do people who use EJ, etc. come out ahead?

EJ customers probably finish (WAG) in the 25th percentile of successful savers. So, they come out ahead of 25% of savers. BH finish in the 95% percentile. The OP is making a huge assumption that EJ customers save at a higher rate or avoid panic selling. I'm sure plenty of people with advisors panic ...
by greg24
Fri Feb 01, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: SP500 Index gives better protection from bankrupt companies?
Replies: 8
Views: 630

Re: SP500 Index gives better protection from bankrupt companies?

The two funds track each other version closely. I wouldn't worry either way.

VFINX returns:

10-year: 12.97
5: 8.34
3: 9.11

VTSMX returns:

10: 13.13
5: 7.79
3: 8.88
by greg24
Fri Feb 01, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Anyone using https://www.maxmyinterest.com?
Replies: 10
Views: 1016

Re: Anyone using https://www.maxmyinterest.com?

Vanguard Prime Money Market.
by greg24
Fri Feb 01, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Advantage: 15-yr. or 30-year, fixed-rate loan?
Replies: 10
Views: 419

Re: Advantage: 15-yr. or 30-year, fixed-rate loan?

I slept better at night knowing I was paying less interest on a 15-year loan. Then refi-ed to a 10-year and paid even less.
by greg24
Thu Jan 31, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Starting from zero..literally.
Replies: 45
Views: 4936

Re: Starting from zero..literally.

Many have a negative net worth at 32. He has an education, a job, and has cut expenses. All the tools needed to save up a nest egg. Time to get to work.
by greg24
Wed Jan 30, 2019 6:15 pm
Forum: Investing - Theory, News & General
Topic: Structural Baby Boom Issue
Replies: 27
Views: 3313

Re: Structural Baby Boom Issue

There are roughly 74 million boomers. They don't move in lockstep.

The older ones may be downsizing. The youngest are 55 and in their prime earning years.
by greg24
Tue Jan 29, 2019 11:57 am
Forum: Personal Investments
Topic: Risk comparison: VMMXX vs VMFXX vs VUSXX?
Replies: 23
Views: 1301

Re: Risk comparison: VMMXX vs VMFXX vs VUSXX?

3funder wrote:
Tue Jan 29, 2019 11:35 am
None of these funds are particularly risky. I invest my "slush" fund (short-term needs -- 5 years or less) in VMMXX, and I sleep like a baby.
I'm happy to find another person who refers to it as their slush fund. :sharebeer
by greg24
Tue Jan 29, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 10427

Re: An emergency fund cautionary tale

Let's not forget the people effected by this shutdown are Federal employees. These are not poorly paid people making minimum wage, etc. These are people who are well paid for the job description. They also enjoy an excellent benefit package that most people in the private sector would love to have....
by greg24
Tue Jan 29, 2019 11:30 am
Forum: Personal Investments
Topic: Risk comparison: VMMXX vs VMFXX vs VUSXX?
Replies: 23
Views: 1301

Re: Risk comparison: VMMXX vs VMFXX vs VUSXX?

How do you define risk?

That they'll break the buck?

If so, the risk on all three is similarly barely existent and I wouldn't use to determine which one to invest in.
by greg24
Mon Jan 28, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: $500k, 5-bed house -- Can he really afford it and what to do?
Replies: 30
Views: 2623

Re: $500k, 5-bed house -- Can he really afford it and what to do?

He can afford it.

But it is a sub-optimal financial outcome.
by greg24
Mon Jan 28, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Money Troubles: Need advice to start over from a hole.
Replies: 37
Views: 3013

Re: Money Troubles: Need advice to start over from a hole.

jason1 wrote:
Mon Jan 28, 2019 11:08 am
1. figure out where his money is going.
2. build a budget within his means and stick to it.
3. Develop a plan to take care of his debts and implement. (avalanche, snowball, or a hybrid of the two)
+999999999

He makes $82k. A $47k debt is surmountable.
by greg24
Mon Jan 28, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: Cryptocurrency
Replies: 66
Views: 5280

Re: Cryptocurrency

17% to 23% of all bitcoins that will ever exist are already lost. That is the system we're supposed to trust? The currency isn't remotely in place yet, and 17% to 23% of it has disappeared. Even if bitcoin were to become a useful transaction system, investing in bitcoin for appreciation is a greater...
by greg24
Sun Jan 27, 2019 11:12 am
Forum: Personal Investments
Topic: Looking for helpful opinions / advice on my situation
Replies: 51
Views: 3793

Re: Looking for helpful opinions / advice on my situation

You're 48 years old, have 10k invested, and working part time.

Your best financial bet:

-Get that 1.5x to 2.0x salary industry job
-Save 30% to 50% of your income
-Invest as much as possible in Vanguard Total Stock Market (100% equities is risky, but much less risky than swing trading)
by greg24
Fri Jan 25, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating DayCare Fees
Replies: 70
Views: 3652

Re: Negotiating DayCare Fees

Dropping two kids off at two different locations sounds like a logistical nightmare. Wife takes 4 year old to daycare which is 5 minutes from her job, goes to work, leaves work, picks up 4 year old 5 minutes away and drives home. ME, I take newborn to daycare, 5 minutes from my job, go to work, lea...
by greg24
Fri Jan 25, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: My brother is only 16 and I'm concerned about his college future - should I be?
Replies: 7
Views: 673

Re: My brother is only 16 and I'm concerned about his college future - should I be?

I would imagine this scenario (full home schooling plus missionary work) is not uncommon in Utah, so it shouldn't be too difficult.

You could contact U of Utah admissions and ask them about it.
by greg24
Fri Jan 25, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating DayCare Fees
Replies: 70
Views: 3652

Re: Negotiating DayCare Fees

Dropping two kids off at two different locations sounds like a logistical nightmare.
by greg24
Thu Jan 24, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating Job Offer - Longer Commute
Replies: 63
Views: 3993

Re: Evaluating Job Offer - Longer Commute

The new job requires an additional 10 hours a week (at least), or 500 hours a year.

You already make a LOT of money. You're winning the game. Now you want to take on 500 additional hours a year for a bit more money?

There is no way I would take the new job. Life is too short.
by greg24
Wed Jan 23, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Anyone use Teamviewer (remote access) software?
Replies: 20
Views: 928

Re: Anyone use Teamviewer (remote access) software?

I've just started using it to provide remote technical support for my 78 year old mother. What I did was visit her, install TeamViewer, and log into TeamViewer with my credentials. All she has to do is open TeamViewer, and I'm able to connect to her machine while we talk on the phone. I agree that i...
by greg24
Wed Jan 23, 2019 4:34 pm
Forum: Personal Investments
Topic: All in now? Or dollar cost average?
Replies: 20
Views: 1862

Re: All in now? Or dollar cost average?

All in.

Small amount, get it in equities as soon as possible.
by greg24
Wed Jan 23, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: What is Considered Middle Class?
Replies: 36
Views: 3144

Re: What is Considered Middle Class?

In the United States, 99.5% of the citizenry self-identifies as Middle Class.
by greg24
Wed Jan 23, 2019 12:11 pm
Forum: Personal Investments
Topic: My plan for Asset Allocaiton
Replies: 17
Views: 1277

Re: My plan for Asset Allocaiton

wow.

your AA plan should work.
by greg24
Wed Jan 23, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets not funding a 529?
Replies: 27
Views: 3598

Re: Any regrets not funding a 529?

We put just a little bit in a 529.

We've focused on retirement savings and paying off the mortgage. The mortgage will be paid off by the time #1 finishes high school.

No regrets. Very happy with our choices.
by greg24
Tue Jan 22, 2019 11:47 am
Forum: Personal Investments
Topic: Saving for 1-2 years rather than for a lifetime
Replies: 75
Views: 6460

Re: Saving for 1-2 years rather than for a lifetime

This thread starts with a false premise, leans heavily on false dichotomy, and contains a whole lot of straw man fallacy.
by greg24
Sun Jan 20, 2019 11:14 pm
Forum: Personal Consumer Issues
Topic: Where to buy CR2032 batteries?
Replies: 48
Views: 3738

Re: Where to buy CR2032 batteries?

I buy odd battery sizes in 10 or 20 packs on ebay. You can find 10 packs of CR2032 right now for $3.49 to $5. They typically are shipped from sellers in SE Asia. They seem to work fine for me. Perhaps the lifespan is a little shorter than what you'd find in stores, but I have no complaints. It is ni...
by greg24
Fri Jan 18, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11320

Re: Have I Now Become Out of Touch Financially? Aging question...

McChicken has been $1 for 20 years.

!!!DEFLATION!!!