Search found 11 matches

by smj
Wed Sep 23, 2020 7:40 am
Forum: Investing - Theory, News & General
Topic: 'Wealth Calculator' in Millionaire Next Door
Replies: 33
Views: 3947

Re: 'Wealth Calculator' in Millionaire Next Door

Using the formula and assuming that current year income is what is meant by income is probably not the best due to the aforementioned issues. Using an average of income seems to be more appropriate. So for the 24 year old, first year in a $55k job, average income income, because all pervious year's...
by smj
Sat Sep 12, 2020 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14813

Re: Paying off sub 4% mortgage interest rate early

I’m paying off our 3% 15yr mort this month with 9 years left on it for one main reason:
Peace of mind
by smj
Sat Feb 08, 2020 10:48 am
Forum: Personal Investments
Topic: Are there any great bank bonuses for EF money?
Replies: 4
Views: 397

Re: Are there any great bank bonuses for EF money?

Most of the bonuses I’ve done have clauses saying you must not have had an account with that bank for the 12 months prior. If you are married, both you and your spouse can take advantage of the bonuses separately.
by smj
Sat Apr 06, 2019 8:31 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 167
Views: 21441

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

Red Hat (RHT)- arbitrage play- IBM purchasing the company. Celgene (CELG)- arbitrage + long on company after merger with BMY considering the strength of their combined oncology portfolio and assets in the pipeline. This is a long term investment Valero (VLO)- took advantage of depressed values in Q4...
by smj
Sat Mar 18, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 178
Views: 34488

Re: "Millionaire Next Door" Net Worth Formula

I've been using a modified version of this formula for the last five years to track my family's progress. When using a single data point for income , this formula becomes almost useless unless your income has stayed relatively the same for many years. Because of this, I use a 10 year average of our ...
by smj
Thu Jan 28, 2016 10:32 pm
Forum: Personal Investments
Topic: Portfolio Check - Considering using Personal Capital or Vanguard Personal Advisor
Replies: 22
Views: 3959

Re: Portfolio Check - Considering using Personal Capital or Vanguard Personal Advisor

The first thing you need to do is define your goals- 1. How much do you want to have in your retirement account? 2. By what date? 3. Why did you choose that amount? Is it based on your estimated expenditure? Once you've figured that out then you will need to come up with an investing strategy. I sen...
by smj
Fri Jun 12, 2015 10:39 am
Forum: Personal Finance (Not Investing)
Topic: New Employer Contribution To HSA Mid Year
Replies: 2
Views: 372

Re: New Employer Contribution To HSA Mid Year

The HSA plan administrator should have an excess contribution form you can fill out to extract excess funds from the account. There are additional tax forms you'll have to submit with your tax return for this year when you file. Make sure to ask you accountant about it.
by smj
Thu May 28, 2015 7:14 pm
Forum: Personal Investments
Topic: Course correction...
Replies: 6
Views: 1614

Re: Course correction...

Since you are building taxable investment space, consider your asset location. Certainly hold your international in taxable to reap the foreign tax credit. Also consider holding tax-efficient equity funds like Vanguard total stock market. You will avoid capital gains (assuming you buy and hold) and...
by smj
Thu May 28, 2015 7:13 pm
Forum: Personal Investments
Topic: Course correction...
Replies: 6
Views: 1614

Re: Course correction...

Kevin, Thank you for your suggestions. It making me rethink where I'm holding my funds and after doing some spreadsheet testing, my overall portfolio expense ratio can drop to 0.10% from 0.22% with some manuevering while keeping my portfollio allocation the same. I do have a couple of questions. Kev...
by smj
Thu May 28, 2015 7:03 pm
Forum: Personal Consumer Issues
Topic: What to do in Raleigh
Replies: 18
Views: 2788

Re: What to do in Raliegh

If you are in Raleigh, I recommend Hayes Barton for Dinner and Dessert. It's a bit pricey, but you won't be disappointed.

http://imaginarystudioonline.com/hayes/
by smj
Mon Apr 20, 2015 8:27 am
Forum: Personal Investments
Topic: Course correction...
Replies: 6
Views: 1614

Course correction...

Hello Bogleheads, I’ve been looking at this site for the last few months and learning a lot and thought now would be a good time for an investment review. My wife and I made all of the usual financial mistakes in our twenties, cleaned up our financial situation over the last five years and are now s...