Search found 337 matches

by Daryl
Mon Oct 16, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 255
Views: 10838

Re: Fellow TDA bogleheads

This is disappointing, but am I the only one who will stay? How often are you buying/selling/rebalancing? I do it a couple times a year, and at $7 a trade, this isn’t too bad. Probably about a dozen trades. About every other month I have enough in my HSA or IRA to add a couple extra shares. I hate ...
by Daryl
Sun Oct 15, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 116
Views: 5467

Re: What are you driving? And would you buy your current ride again?

1998 Toyota Camry - bought from friends who had it since 1998 (several months old - demonstrator) in November 2015 - only has about 81,000 original miles. Meets most of our needs well. We do not take many long trips any more, but drove last weekend to and from a wedding 200 miles away (400 miles ro...
by Daryl
Sun Oct 15, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 116
Views: 5467

Re: What are you driving? And would you buy your current ride again?

I traded in my 2007 Honda Civic EX 270,000 miles at the end of February, and I bought a new 2017 Honda Civic Ex. Just hope I can get the same mileage out of this car. If I was averaging 27K miles annually, I'l probably spend a little more than $20K on a car; however, the new Civics really are aweso...
by Daryl
Mon Oct 09, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6219

Re: Buy when there's blood in the streets!

Like livesoft, bonds are an important part of my investment philosophy. They are there so I can sell them and maintain my desired equity allocation by buying more VTI (Vanguard Total Market Index) on really bad days, weeks, months, or years!
by Daryl
Mon Oct 09, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1480

Re: Financial Calculations for Boglehead Presentation

But, this is the classic calculation of tax-adjusted interest rates (your 2.25% goes to something like 1.6%), return on investments (can you get > 2.25% guaranteed? Remember, you have to tax adjust your investments, too!) and cash flow (what does my monthly budget consist of?) to determine whether ...
by Daryl
Mon Oct 09, 2017 7:00 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1480

Re: Financial Calculations for Boglehead Presentation

Just a quick word of caution as someone in the target demographic. I'm 34 w/ approximately $35K in total debt. It doesn't always make financial sense to pay it down as quickly as possible! My loan with the highest interest rate is @ 2.25% (fixed, about 10 years remaining). My largest debt is @ 0.9% ...
by Daryl
Sat Oct 07, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 97
Views: 5137

Re: Has your "risk tolerance" been tested?

Nope, and that worries me. I graduated college in 2006, so I really didn't have much invested in 2008-2009. A decade later and I'll lose a boatload of money in the next bear market.
by Daryl
Fri Oct 06, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 138
Views: 14243

Re: Bogle himself is saying we will expect like 3% for the next decades

I'm an "early accumulator". Low single digit growth, or even negative growth would be fine by me. I'll keep picking up shares at these prices. Over the next 25 - 35 years, I expect that equities will turn out OK.
by Daryl
Thu Oct 05, 2017 5:04 am
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 22
Views: 1375

Re: accounting software for churches?

We use Quickbooks (not the online version). It works fairly well. The issue with it is it's not the best for fund accounting. I've thought about looking for an alternative built for churches or non profits, but I would be concerned about reliability. Do you have multiple users? Our organization is ...
by Daryl
Sun Oct 01, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay down some credit card debt?
Replies: 19
Views: 1145

Re: Should I pay down some credit card debt?

Are you 34 years old (guessing from your username)? Do you have any other debt? The vast majority of the posters on this forum would be envious of your position (i.e., to be that young and to have a positive net worth). I agree with everyone else - paying of those credit cards is an "emergency". Wit...
by Daryl
Thu Sep 28, 2017 5:50 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12809

Re: Why do you LBYM? Why do you save and invest?

One simple word: Contentment. I'm content with my current lifestyle. I have the time/energy to volunteer in my community and the resources to pursue some incredible hobbies. If I wasn't content, I'd probably spend some more! I've been very lucky in life in that I have a career that has provided more...
by Daryl
Sun Sep 24, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11618

Re: Lifestyle Creep

I'm transitioning from single engine planes (Cessna 152/172) to gliders. Not having an engine saves a lot of gas money! First solo was yesterday.
by Daryl
Fri Sep 22, 2017 5:49 am
Forum: Personal Finance (Not Investing)
Topic: FDIC vs VMMXX
Replies: 1
Views: 296

Re: FDIC vs VMMXX

In most cases, I treat these two the same and pick the highest yielding of the two. Right now I think Ally online savings account is a little higher than the Vanguard Money Market. Most people probably don't have to worry about FDIC limits with their checking/savings accounts, unless you also have C...
by Daryl
Wed Sep 20, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2487

Re: 24F Looking to start an aggressive portfolio

Are your investments less than, about equal to, or more than your gross annual salary? I was probably 100% equities until my assets grew to twice my annual salary. Periodically I'll "stress test" my portfolio by taking the total value, multiply by the percentage in equities, and then by 50%. I want ...
by Daryl
Sun Sep 17, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"
Replies: 33
Views: 4980

Re: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"

If the Bull market in equities continues, I'll be buying fixed income. If equities tank, I'll be adding to my Total Stock Market fund. I'll be OK either way.
by Daryl
Sat Sep 16, 2017 5:39 am
Forum: Investing - Theory, News & General
Topic: Trusting Bitcoin [How do I protect my private key?]
Replies: 8
Views: 1084

Re: Trusting Bitcoin [How do I protect my private key?]

This seems like too much work. I'll just stick with CASH!
by Daryl
Fri Sep 15, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: How can I be more savy about taxes?
Replies: 15
Views: 1770

Re: How can I be more savy about taxes?

I'm a volunteer tax preparer, serving low income families (IRS VITA program). We have a copy of Pub 17 at each site.
by Daryl
Fri Sep 15, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Bond return negative. CD or money market alternative.
Replies: 30
Views: 3213

Re: Bond return negative. CD or money market alternative.

I just added to my Total Bond Fund earlier this week. Equities could double, or be slashed in half on Monday. Either way, I'll be alright
by Daryl
Tue Sep 12, 2017 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1401

Re: Will you get to see business financial data by being an accountant?

I'm an accountant at a large property and casualty insurance company. Over the past couple of years, I've learned a lot about the divisions I serve, our company, and industry. As far as cost structure, I know that we target a combined ratio (claims / premiums) of 90%. This isn't sufficient training ...
by Daryl
Sun Sep 10, 2017 5:09 am
Forum: Personal Finance (Not Investing)
Topic: At what point would you considering Umbrella Insurance
Replies: 37
Views: 3517

Re: At what point would you considering Umbrella Insurance

Ummm.... Aren't we thinking about this all wrong? Auto (and umbrella) coverage is primarily for the benefit of third parties, specifically those whom we might injure while driving. Each person should ask themselves, "If I cause an accident today, how would I pay for the damages?" Insurance is great ...
by Daryl
Mon Sep 04, 2017 5:38 am
Forum: Personal Finance (Not Investing)
Topic: How old were you when you got your first credit card?
Replies: 46
Views: 2008

Re: How old were you when you got your first credit card?

18, and away from mom/dad @ college. Used it for everything and always paid it off at the end of the month. Subsequently applied for a cash back / rewards card. My original card was closed by the bank for "inactivity".
by Daryl
Mon Sep 04, 2017 5:25 am
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 82
Views: 66366

Re: Experience selling car to Carmax?

2008 Toyota Rav4 - 151K miles, tires @ 3/32 (worn out), corrosion on all four wheels. - Carmax - $4,500 - New Car Dealer (Trade-in) - $3,000 When I shared the Carmax appraisal to the new car dealer, they increased the value of my trade-in to $3,500 (they refused to match the Carmax quote). I'm selli...
by Daryl
Tue Aug 29, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Harvey flood damage [tenant's property has flooded - actions?]
Replies: 28
Views: 4652

Re: Harvey flood damage [tenant's property has flooded - actions?]

The tenant's renter's policy should also cover their hotel/housing needs for a limited period of time I think? Not nearly enough, I'd imagine, but at least something to remind them to look into... I'm a renter. My renter's policy covers "Loss of Use" that would likely apply in this situation for up...
by Daryl
Fri Aug 18, 2017 4:35 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16218

Re: Lost $7000 today in ONE DAY!

Finally got around to updating my net worth spreadsheet. The change since the previous update is a minor rounding error. Perhaps this investment loss perfectly offset my salary/paycheck for the last two weeks!
by Daryl
Mon Aug 14, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3720

Re: What % of income to buy a car is not excessive?

One year's income. I prefer gross rather than net. If your salary is $100k and you buy a car for $30k, that's 30%... Thanks. Using that metric, I'll be spending 20% of my income on a car this year. I kept the last one for about 10 years, so I spend about 2% of my gross income on car purchases over ...
by Daryl
Mon Aug 14, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3720

Re: What % of income to buy a car is not excessive?

How are you guys thinking about the question? The numerator is very clearly defined, but what is the denominator? Is this income in the year of acquisition, or income over the expected ownership period?
by Daryl
Thu Aug 10, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 6638

Re: What Percentage CASH are you?

4.8%. This includes the margin requirement for any futures positions I hold and "new car" funds. I'll be replacing my current car soon.
by Daryl
Thu Aug 03, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10365

Re: 85/15 too aggressive at age 35?

In summary, the best AA in term of risk versus return is between 70/30 to 30/70. Any number outside of that, you are taking too little or too much risk for the average return. KlangFool Thanks for sharing. Like the OP, I'm in my early thirties and it is tough thinking about asset allocation when I ...
by Daryl
Sun Jul 30, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 3894

Re: How do you decide if you can afford something?

I'll spend 5% of my net worth on a car. This year that means a modest Honda/Toyota. In 10 years, I'm hoping I'll be able to "afford" the Bugatti using the same metric! I'm not at the 5% for a Bugatti metric, but I suspect that if I were to spend 5% of NW on cars, year in and year out, I'd never get...
by Daryl
Sun Jul 30, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 3894

Re: How do you decide if you can afford something?

I'll spend 5% of my net worth on a car. This year that means a modest Honda/Toyota. In 10 years, I'm hoping I'll be able to "afford" the Bugatti using the same metric!
by Daryl
Sun Jul 30, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 9088

Re: How to calcuate your retirement number

I think $1.5 million (2017 dollars) is a reasonable number with a paid off house to retire in the US if you are in your 60s (and potentially 50s). Most of my extended family will never see $1.5M. They will be alright. They'll spend more time at home, possibly volunteering with local charities that ...
by Daryl
Sat Jul 29, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Any pilots here? [as a career]
Replies: 38
Views: 4586

Re: Any pilots here? [as a career]

If anyone is serious about building hours on the cheap, I have a Piper Pawnee you can fly for free! You must be have a high performance endorsement, tail-dragger experience, good stick and rudder skills, and a willingness to be yanked every which way by glider pilots at the other end of the tow rope...
by Daryl
Sun Jul 23, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: 50K USD: Investing via Vanguard Personal Advisor vs DIY
Replies: 12
Views: 1211

Re: 50K USD: Investing via Vanguard Personal Advisor vs DIY

One of the most extraordinary aspects of this community is their focus not just on investing, but more broadly on personal finance. One area we haven't touched in this thread is taxes! An individual in the 25% tax bracket who makes the maximum possible contribution to a Traditional 401k, a Tradition...
by Daryl
Sat Jul 15, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10682

Re: Do you count vehicle equity in net worth?

I exclude the value of my car/motorcycle, my outstanding student loan balance, and my credit card (paid in full each month). I know the student loan balance is greater than the value of my car, so these three things together would drag down my net worth. At the end of the day, none of these are mate...
by Daryl
Fri Jul 14, 2017 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Is $1220/year Auto Insurance for 26y/o cheap?
Replies: 14
Views: 1868

Re: Is $1220/year Auto Insurance for 26y/o cheap?

One of the biggest variables in insurance premiums are coverage / limits and you didn't provide any details. I could reduce my premiums by about 75% if I switched to "state minimum coverage" with my current carrier.
by Daryl
Wed Jul 12, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 2471

Re: Outside Pittsburgh short trip ideas

saltycaper wrote:If all else fails, Cleveland is just over 2 hours away. :P
The mistake on the lake!
by Daryl
Sun Jul 09, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy
Replies: 13
Views: 1787

Re: Umbrella Policy

Could cost depend on your state? We have a $2M umbrella from State Farm and it costs a little more than $500. Under it are 2 homes, 1 vehicle and 1 golf cart. I've never seen a golf cart insurance policy. Unless I'm missing something, the potential liability exposure from a golf cart accident seems...
by Daryl
Sun Jul 09, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Buy recreational land or used car?
Replies: 7
Views: 750

Re: Buy recreational land or used car?

I'd prioritize the wheel bearing - either fixing that issue or replacing the car. Either that, or a very large one year term life insurance policy! The wheel bearings are a safety item that really do need to be addressed.
by Daryl
Sun Jul 09, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy
Replies: 13
Views: 1787

Re: Umbrella Policy

Every time I start my car, I assume there is a chance that my actions will cause life-altering injuries for someone else, damages that exceed my ability to pay. The limits on my insurance policies, in my opinion, fairly reflect both the probability and magnitude of any losses I might cause. Everyone...
by Daryl
Tue Jul 04, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 12075

Re: What do you splurge on?

Flying - Currently working on my glider rating so that when the engine fails on a single engine airplane, I'll be able to channel my inner "Sully"!
by Daryl
Mon Jul 03, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Guarantee of rent payment
Replies: 22
Views: 1985

Re: Guarantee of rent payment

When I rented my apartment, I skipped that section of the application. The landlord questioned me because he wanted to ensure that I had enough funds to pay at least a couple months worth of rent. Without disclosing all my finances, I provided a copy of a statement that probably covered 3-4 months w...
by Daryl
Sat Jul 01, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS CONTEST Mid-Year Report
Replies: 4
Views: 786

Re: BOGLEHEADS CONTEST Mid-Year Report

I, for one, wouldn't mind losing to madbrain. His/her guess of 36,000 is currently in last place, but a lot can happen in 6 months!
by Daryl
Fri Jun 30, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 7395

Re: Those who max 401k

My employer limits contributions to 50% of gross pay. "True-up" occurs around the end of Q1 each year (for the prior year's contributions). Annual bonus is also paid around the same time. :moneybag
by Daryl
Fri Jun 30, 2017 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 6029

Re: Am I on track, or just crazy...

This sounds like fun! It looks like your net worth in 2020 will be somewhat less than $1M. Lets assume that you sail around the world until 2025. You and your wife are now approaching 40. What is next? Would you plan on re-entering the workforce? How do you plan to maintain your skills / professiona...
by Daryl
Fri Jun 30, 2017 4:54 am
Forum: Investing - Help with Personal Investments
Topic: 27, Single, 25k Income with 100k Cash - Lost
Replies: 29
Views: 3138

Re: 27, Single, 25k Income with 100k Cash - Lost

Thank you everyone for your replies. I really do agree that "investing in myself" would be the best option for 99% of people in my position. I won't bore you with the details but I'm in the 1%. The cash isn't currently invested because I'm lazy (that's why I'm here). I really don't mean to be harsh...
by Daryl
Thu Jun 29, 2017 3:31 am
Forum: Personal Finance (Not Investing)
Topic: Friend trades in cars every 2 years, but hates leasing
Replies: 17
Views: 1942

Re: Friend trades in cars every 2 years, but hates leasing

A lot has to do with sales tax. If he buys a car for $90k+, then he is paying sales tax on the entire amount that is lost right away.. In some states (I know Washigton for sure), if you trade in a car you only pay sales tax on the net price you after allowing for a trade-in so this does not favor l...
by Daryl
Thu Jun 22, 2017 5:52 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 5272

Re: What do you say when you cancel an account that you only opened for bonus?

The last time I did this, the checking account bonus was $200. Once the bonus had posted to my account, I explained to the teller that I was consolidating accounts with another bank that offered better ongoing benefits (higher yield, free ATMS, etc.). They issued me a check for the total account bal...
by Daryl
Sat Jun 17, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: DS in Auto Accident, Insurance Increase, Plan-of-Action
Replies: 13
Views: 984

Re: DS in Auto Accident, Insurance Increase, Plan-of-Action

Ouch! How much was the damage to the other vehicle? Any chance that you can talk to your agent/broker about paying out of pocket (and somehow removing that incident from your record)? I know bumpers are expensive, but a $3K increase in premiums seems a little over the top!
by Daryl
Sun Jun 04, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Drones?
Replies: 11
Views: 1562

Re: Drones?

Feel free to ping me if you have any questions regarding the remote pilot certificate.

Daryl
Private Pilot - Airplane Single Engine Land
Remote Pilot
Working on my glider rating!
by Daryl
Sun Jun 04, 2017 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 2149

Re: Do I need umbrella insurance?

Yes, almost everyone who drives a car should have umbrella insurance. I understand that we all want to protect what is ours, but we also want to do the responsible thing. If we injure someone, we think about how we are going to help make them well (to the extent that this is even possible). How much...