Search found 2902 matches

by greg24
Thu Feb 15, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6787

Re: Wisdom of Bitcoin

Store of value?

Nearly 4 million of the 21 million possible bitcoins are lost forever.

http://fortune.com/2017/11/25/lost-bitcoins/

Yeah, this is going to end well.
by greg24
Thu Feb 15, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 69
Views: 6798

Re: Can someone help me explain to my wife...?

arcion wrote:
Wed Feb 14, 2018 10:14 pm
She says all we'd be doing by selling is locking in our profits, and then we can buy when it crashes.
If she is so good at market timing, I suggest selling before the recent correction.
by greg24
Tue Feb 13, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Are these fees for real?
Replies: 25
Views: 2194

Re: Are these fees for real?

BuckyBadger wrote:
Tue Feb 13, 2018 10:06 am
Balances are relatively low. I'd get out right now with a clean break, pay your penalty, and learn a very good lesson!

I'd get out immediately and put the money in her vanguard accounts.
+9999999999
by greg24
Tue Feb 13, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 155
Views: 10219

Re: Did you learn anything from the market correction?

Here we are, just a week later, talking about the correction as if it were a thing of the past. Reflecting on AA, etc.

That was nothing. Just wait until the market goes down 30% and stays there for a couple years. Then you'll have a better feel for your AA.
by greg24
Tue Feb 13, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Correction vs. Prolonged Bear Market
Replies: 23
Views: 1451

Re: Correction vs. Prolonged Bear Market

RRAAYY3 wrote:
Tue Feb 13, 2018 8:18 am
I only worry about what I can control : My savings rate

Prolonged bear market: Cool, cheaper shares and laughable media hysterics.

No prolonged bear market: Cool, my balance is going up.
Very well said. Take the long term view, and just keep plugging away.
by greg24
Mon Feb 12, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Extreme newbie - what to do with inheritance
Replies: 10
Views: 1066

Re: Extreme newbie - what to do with inheritance

The Schwab money market appears to be yielding 1.30%, which would be a good parking spot while you read up and educate yourself.

https://www.schwab.com/public/schwab/in ... oney_funds
by greg24
Fri Feb 09, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Active v. passive during corrections
Replies: 21
Views: 1909

Re: Active v. passive during corrections

If I find an active fund that returned -6% yesterday, does that prove passive works better during corrections?
by greg24
Wed Feb 07, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: Indexing the next bubble?
Replies: 24
Views: 2748

Re: Indexing the next bubble?

He also says in the article: The volatility of recent weeks is cause for concern, Mr Icahn said, adding that he doesn't remember a two-week period as turbulent as this one. These two weeks have been a walk in the park compared to 2008 or 2001 or other corrections/bears. For a while in 2008, we thoug...
by greg24
Tue Feb 06, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 58
Views: 4952

Re: Potential employer wants me to give offer - how to respond?

Everyone complains about companies lowballing them. Well, for once, the ball is in your court. Shoot for the moon. Pretend you make $100k. You think an offer of $150k would make you ecstatic. Then tell them you want $175k. Or $200k. Anchoring works both ways. If you throw out a huge number, they're ...
by greg24
Tue Feb 06, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Huge afternoon stock drop on 2.5.2018 and stock raise on 2.6.2018 is caused by mutual fund holders
Replies: 46
Views: 6769

Re: Huge afternoon stock drop on 2.5.2018 and stock raise on 2.6.2018 is caused by indexers

Ant7 wrote:
Tue Feb 06, 2018 4:55 pm
OK, it might not be only indexers, but those individuals whose orders placed during business hours are only executed at 4PM. Not sure if anybody else other then indexers falls into this category.
So now you're blaming every mutual fund. Ok.

I'm not sure if troll, or just uneducated.
by greg24
Tue Feb 06, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 4829

Re: Leaving HCOL state for financial reasons

We live in a (very) HCOL coastal city which we love. We both have family nearby, lots of friends in the area and love the recreation opportunities. Sounds like moving would be a big mistake. You're lucky enough to have a high enough income to live well in a HCOL area. Don't move away from friends a...
by greg24
Tue Feb 06, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5624

Re: Amazon Alternative

Don't cut off your nose to spite your face.
by greg24
Mon Feb 05, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 14517

Re: Vanguard site is crashed now?

I demand the site is up so that I can execute my panic trading.
by greg24
Mon Feb 05, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a job in a different state?
Replies: 31
Views: 2041

Re: How to find a job in a different state?

I relocated halfway across the country in 2001. I initially had difficulties getting an interview. Once I lined up my first interview, I sent an updated cover letter to companies I had applied to, stating "I will be in town for interviews for the week of June 1-5, 2001, and would love to meet with y...
by greg24
Mon Feb 05, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 10009

Re: RBD alert

asif408 wrote:
Mon Feb 05, 2018 3:23 pm
I'm kind of disappointed my EM funds are down less than my US funds today, because I wanted to buy more of them. I thought EM was more volatile?
Being more volatile doesn't mean they are more volatile every single trading session.
by greg24
Mon Feb 05, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261536

Re: U.S. stocks in freefall

Accrual wrote:
Mon Feb 05, 2018 2:39 pm
A lot of doubt circling this board. Somewhat troubling.
This thread is where doubts are talked about.

The rest of the board basically ignores the daily market movements.
by greg24
Mon Feb 05, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 3 Fund beats big endowments
Replies: 3
Views: 698

Re: Vanguard 3 Fund beats big endowments

The breakdown by fund is 53% U.S. stocks (VTSMX), 27% foreign stocks (VGTSX), and 20% U.S. bonds (VBMFX). The reason for the 80/20 stock/bond split is because most alternative portfolios are heavily invested in equities, often with leverage involved so this is a close approximation to the asset mix ...
by greg24
Mon Feb 05, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Car Purchase and Sale Scams
Replies: 10
Views: 1044

Re: Car Purchase and Sale Scams

FTC page from 2014 about Paypal auto purchase scams:

https://www.consumer.ftc.gov/blog/2014/ ... ypal-brand
by greg24
Mon Feb 05, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Would this be a bad idea?
Replies: 4
Views: 591

Re: Would this be a bad idea?

SimplicityNow wrote:
Mon Feb 05, 2018 10:50 am
You are better off picking an asset allocation and sticking with it.
+999
by greg24
Mon Feb 05, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance amount/length question
Replies: 8
Views: 396

Re: Life Insurance amount/length question

Seems a little odd that you're talking about life insurance for yourself, but not your wife. She makes more money than you do, it seems like the need for life insurance would be flipped. Without kids, you don't have a great need for life insurance. Considering the cost different, I would lean toward...
by greg24
Mon Feb 05, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 15898

Re: Blood in the water- buying?

We are currently riding a giant bull market, there is zero blood in the streets.
by greg24
Mon Jan 29, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance - and for how long?
Replies: 28
Views: 1877

Re: How much life insurance - and for how long?

My wife and I shopped for term life at basically the same stage in life as you. Early 30s, one small child and at least one more in the future. (We stopped with two children.) I found that the 20-year level term was MUCH cheaper than the 30-year level term, since morbidity starts increasing greatly ...
by greg24
Mon Jan 29, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 10451

Re: Wall Street to Vanguard: We’re Not Your Doormat

Expense ratios have become so low that we, main street investors, have won the game. Completely agree. The race to lower expense ratios have gotten so low, that a 5bp fee is being imposed, and discussed and dissected. Considering a world where a whole lot of people are paying 1.5%+, Vanguard forcin...
by greg24
Fri Jan 26, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 96
Views: 9364

Re: Dalio says bonds have entered a bear market

We're just about reaching 10 straight years of pundits screaming "interest rates have no where to go but up!!!"
by greg24
Wed Jan 24, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16220

Re: Dear wife quits job and now we are down to 1 income

I believe that your monthly deficit may be larger than $700.

You need to get that $5.5k number lower. It is possible, find a way.

Your $67k emergency fund should be earning at least 1%. Such a change would cover roughly one month of deficit.
by greg24
Thu Jan 18, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Are ETFs Really That Safe?
Replies: 26
Views: 2182

Re: Are ETFs Really That Safe?

ETFs are probably safer than a sector bet on robotics.
by greg24
Mon Jan 15, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: 403b am I better off skipping 403b?
Replies: 11
Views: 1105

Re: 403b am I better off skipping 403b?

Do you receive a match on your contributions?
by greg24
Thu Jan 11, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 101
Views: 8309

Re: Kodakcoin

Brilliant PR move by Kodak. Myself and millions of others just found out Kodak is still in business.
by greg24
Tue Jan 09, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3407

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

I would plan to be in a home a long time, but accept that things change in a hurry.

We are 15 years in, and don't foresee moving any time soon. But life changes.
by greg24
Wed Jan 03, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 4583

Re: Two vastly different career considerations...Stability vs. Income

From everything you've posted in this thread, including "wife supports if I succeed", I would suggest Job A.
by greg24
Tue Jan 02, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10756

Re: Suddenly my mortgage doesn't seem that great

The reason I ask, is it always seems to me that everyone ignores that fact when they adjust their mortgage rate down when itemizing. So would it still effectively be low 3%'s or instead maybe more accurately higher at mid 3%'s for 2017? Yes, quite a few people on this board, and the internet in gen...
by greg24
Fri Dec 29, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Home loan calculations - 15 year vs 30 year
Replies: 8
Views: 724

Re: Home loan calculations - 15 year vs 30 year

This blog post by our own TheFinanceBuff shows that the 15-year loan leads the way at the 1, 3, 5, and 10 year mark. Only at 15 years does it show the 30-year loan have a higher overall return.

https://thefinancebuff.com/borrow-30-ye ... rence.html
by greg24
Fri Dec 29, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: The Growing Peril of Index Funds: Too Much Tech
Replies: 67
Views: 5893

Re: The Growing Peril of Index Funds: Too Much Tech

This isn't an "inherent flaw in indexing". It is an inherent flaw in equities. The non-indexers hold the exact same percentages of tech as the indexers.

All just noise to make you think active management is the answer. Don't fall for it.
by greg24
Fri Dec 29, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9446

Re: Plow Guy Raised Rates

I would be a little irritated. Shop around for a new guy if you like.

But don't cut off your nose to spite your face.
by greg24
Thu Dec 28, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: wisdom of buying a car about to be discontinued
Replies: 17
Views: 2525

Re: wisdom of buying a car about to be discontinued

If you hammer the purchase price down, and plan on driving till its dead (thereby ignoring any possible resale issues), you'll get great value. I had a brother-in-law buy a used Oldsmobile after they were discontinued. He got a great deal, and drove it for a number of years. His cost per mile had to...
by greg24
Wed Dec 27, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6769

Re: manual car for new teen driver

That super gigantic graphic cherry picks the data. It only uses multi-vehicle crashes and ignores single vehicle and single vehicle rollovers. Pickups do terrible in both those categories, but that data is magically removed. I guess because everyone thinks "I'll never rollover, only idiots do that."...
by greg24
Wed Dec 27, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Time to buy a new phone?
Replies: 29
Views: 1784

Re: Time to buy a new phone?

unclescrooge wrote:
Wed Dec 27, 2017 1:40 pm
I asked the booth person at Costco and they said it costs $250 to replace a battery, which doesn't seem worth it.
Our local mall has a kiosk that does phone repairs and battery replacement. I just priced out an Iphone 6 battery replacement and they charge $50.
by greg24
Wed Dec 27, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6953

Re: Can I afford a $600-650k house?

A lot of people buy a house before they have kids, and realize their preferences have changed once they have kids.
by greg24
Wed Dec 27, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5352

Re: Is it me or does everything seem expensive?

Investments seem richly valued.

But selling and going to cash is an even worse idea.
by greg24
Wed Dec 27, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6769

Re: manual car for new teen driver

Your kids will be happy to have the manual transmission driving knowledge as they sit in a self-driving car playing on their phones.
by greg24
Wed Dec 27, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Cash on hand
Replies: 21
Views: 1185

Re: Cash on hand

I keep about $40 on me, and zero at home.

I've heard many more tales of "dad's cash stash at home disappeared" than "the cash stash at home really saved our bacon".
by greg24
Wed Dec 27, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6953

Re: Can I afford a $600-650k house?

No, you cannot.

Fix your other financial affairs before you consider it.
by greg24
Wed Dec 27, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: graduate MBA school on time, or wait to have company pay for tuition?
Replies: 15
Views: 498

Re: graduate MBA school on time, or wait to have company pay for tuition?

Maybe introduce a conversation with your company about waiving the wait on tuition reimbursement? Maybe an agreement that if you leave before May 2019, you will pay back whatever they covered?
by greg24
Thu Dec 21, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include your house in your net worth if you own it outright?
Replies: 89
Views: 6568

Re: Do you include your house in your net worth if you own it outright?

Since net worth is your net....worth.... I include all assets and liabilities.

To do any different would not be your net... worth.
by greg24
Wed Dec 20, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Getting Charged a High Management Fee at Wells Fargo
Replies: 49
Views: 3115

Re: Getting Charged a High Management Fee at Wells Fargo

(I thought it was mainly bonds but on the statements it says :mutual funds" --Lord Abbett and a Wells Fargo fund) There are mutual funds that contain equities, and there are mutual funds that contain bonds. There are also mutual funds that contain both equities and bonds. You have a PhD in business...
by greg24
Tue Dec 19, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out car refi
Replies: 21
Views: 1123

Re: Cash out car refi

Seems like a lot of moving pieces for not a lot of dollars.
by greg24
Mon Dec 18, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a Job Change
Replies: 17
Views: 1068

Re: Considering a Job Change

A ~35% pay cut for a large increase in work, sounds like a dream to me.