Search found 2820 matches

by travellight
Sun Jul 14, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Geico subrogation claim
Replies: 16
Views: 1758

Re: Geico subrogation claim

TropikThunder wrote:
Sun Jul 14, 2019 5:22 pm
This scenario is why those who advise not to tell your own insurance company are so misguided.
What do you mean?
by travellight
Sun Jul 14, 2019 6:47 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 6908

Re: I think i can spend 30k on this vacation, but wife not sure

I don’t think I have ever spent more than $5000 on a trip and I have a higher income. It may be a psychological barrier. I also would only want to fly there business class though.
by travellight
Sun Jun 30, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4023

Re: New Landlord Here! Your Top Tips to include in a Lease?

If you have several tenants in one unit, make sure they are responsible jointly and severally. I prefer a late fee that is accrued daily. If you impose a lump sum after certain date, they may then not pay until the end of the month if there is no further consequence for waiting. This is from my leas...
by travellight
Sat Jun 29, 2019 9:07 pm
Forum: Personal Investments
Topic: 8 figure net worth, still winging it, asset allocation advice?
Replies: 30
Views: 3652

Re: 8 figure net worth, still winging it, asset allocation advice?

With as much as you have and as much as you spend, I don’t know why you’re thinking of selling your house... you have won the game and could keep the house if you can reduce the spend a bit. I have a similar net worth (with different components) and while I had always thought of my home as a nest eg...
by travellight
Fri Jun 28, 2019 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 40
Views: 4085

Re: Tenant identity theft issue on lease

My dad's a landlord and I rent a lot from old grizzled landlords. You made a few obvious errors. 1. You should hold out for good credit. 650+ minimum. Yes people get desperate and your realtor (who is hungry for 1st month's rent cash) will tell you to hurry up and rent already, EVERYONE here has te...
by travellight
Fri Jun 28, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Landlords - assessing amount security deposit to return?
Replies: 50
Views: 3417

Re: Landlords - assessing amount security deposit to return?

I did charge tenants for light bulbs once. They had 16 burned out bulbs and, since I am a remote LL, I had to pay the local handyman to check every fixture, drive to the hardware store, buy the bulbs and replace them. 1-2-3 light bulbs, no, but 16 in easily reached fixtures was too much. These same...
by travellight
Thu Jun 27, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Churning Credit Cards
Replies: 84
Views: 8154

Re: Churning Credit Cards

I think it is a very rewarding hobby. It’s harder than it used to be many years ago but it is still worthwhile to me
by travellight
Sat Jun 15, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

Out of curiosity, how state-of-the-art is your home viewing setup? I ask, because in the past n years, tremendous strides have been made there also. I no longer go to movie theaters, and wonder if I’m missing something; that said, my home theater is leagues better than it was 10 years ago. It had b...
by travellight
Sat Jun 15, 2019 9:38 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 212
Views: 22048

Re: How have your homes as investments done?

I’m kind of surprised more bogleheads weren’t able to capitalize on the must depressed real estate prices in generations. I already owned 2 personal homes and bought 6 more homes during the dip as rental property. I also was surprised others weren’t as keen on it even if they had the financial mean...
by travellight
Sat Jun 08, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9424

Re: Do you carry Umbrella Insurance?

I carry about 25% of net worth. It’s the sweet spot for a good deal.
by travellight
Fri Jun 07, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Advice
Replies: 46
Views: 3182

Re: Refrigerator Advice

I am also shopping for a new refrigerator, although I think I will try to change out the evaporative motor fan first. I think the top freezer is likely the safest option.
by travellight
Thu Jun 06, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 7885

Re: What flagship (even used) item is better than a budget new item?

Quality over cheap? Fresh squeezed orange juice.

+1 on Nespresso as well.
by travellight
Sun Jun 02, 2019 5:28 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3122

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

37% of net worth in investment real estate.
Primary home is an additional 29% of net worth.
Vacation home is another 10.5%.
So, about 76.5% total in real estate.
by travellight
Sun Jun 02, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3417

Re: What personal finance metrics do you track?

I only track net worth and I use mint dot com. I do details on every transaction in mint for annual review. I also check credit card spending each year. I also check how my investment portfolio is doing monthly.
by travellight
Sat Jun 01, 2019 12:32 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

Please post what you thought of the movie rather than list what you have seen (see first post).

I recently saw Booksmart and was very entertained. Not an artsy movie but lots of laughs in the audience. Directed by Olivia Wilde. Beanie Feldstein stole the show; she is sister of Jonah Hill.
by travellight
Sat Jun 01, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 10268

Re: How did you all do in the month of May, 2019

Up 1.4% as of 5/28, I think that went down to up 0.4% as of today though. It was a TLH rebuying opportunity. Many limit orders went through.
by travellight
Fri May 31, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 38320

Re: For those who earn $500k+ per year. How'd you do that?

Healthcare subspecialty just over 500 plus extra 140k from real estate as side gig. This is one person income.
by travellight
Fri May 31, 2019 3:25 am
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 94
Views: 5862

Re: Women, How Much Do You Pay for Haircut

I also cut my own hair and do my own nails so total cost is zero. Every 1-2 years, I donate my hair to locks of love and then grow it out again. I get compliments several times a week on my hair so I am not suffering from the lack of expenditure. My hair is long and low maintenance though.
by travellight
Fri May 17, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8430

Re: Did you buy the 600+ dip last week ?

Sounds like you lost out then. Prices were still higher than 30 days after the dip. The BH approved way to TLH is a sideways TRANSFER into a similar but not identical fund... Yeah edited my comment. Even if his TLH plan normally calls for holding cash for 30 days to avoid a wash sale vs putting it ...
by travellight
Thu May 16, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8430

Re: Did you buy the 600+ dip last week ?

Yes I did. How long had you been waiting to do so? All year. I had sold for tax loss harvesting in the end of 2018 and didn't rebuy and was waiting for a dip. I had placed limit orders for a tolerable price for me and this opportunity activated them to go through. I still have some open limit order...
by travellight
Fri May 03, 2019 2:39 am
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 92
Views: 13661

Re: Do you invest in Real Estate ? Why ?

I have 6 sfr homes in another state that I manage while having a successful full time job with high income. I have tracked my net worth go up by more than my annual income at my day job with real estate appreciation contributing to this. I don’t mind the work for the high reward. The houses are in S...
by travellight
Sun Apr 21, 2019 7:35 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 852
Views: 105378

Re: Post your Financial Milestone Announcements Here

I hit a big birthday last weekend that spells financial freedom. It is the first big number birthday that I didn't mind because I am now eligible for early retirement for my pension. This probably increased my net worth by 50%.
by travellight
Sun Apr 21, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Vacation home experiences?
Replies: 35
Views: 3538

Re: Vacation home experiences?

I agree with both camps, pro and con. I can see why it might not be the right thing for many, if not most people. For me though, it worked out fabulously. I bought it around the age of 30 and designed the house myself and had it built. Over the past 25 years, it has gone up in value about 10x but it...
by travellight
Thu Apr 11, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

Hotel Mumbai: nail biting and entertaining.

Beach bum: worst movie I have seen in a long time, cringe worthy.
by travellight
Thu Apr 11, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: sort of deadbeat tenant
Replies: 23
Views: 2781

Re: sort of deadbeat tenant

I would also just subtract it from his security deposit.
by travellight
Sat Apr 06, 2019 7:44 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

Aftermath: slow, a little tedious.
Shazam: another superhero movie but surprisingly fun.
by travellight
Sat Apr 06, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

Gloria Bell, starring Julianne Moore who is delightful in this role. Thoroughly enjoyed it.
by travellight
Thu Apr 04, 2019 10:42 am
Forum: Personal Investments
Topic: Converting Trad IRA to Roth IRA - settlement fund?
Replies: 5
Views: 405

Re: Converting Trad IRA to Roth IRA - settlement fund?

You can deposit $5500 as cash in IRA and transfer it as cash and then buy what you want within the Roth. That's what I do every year to keep it simple.
by travellight
Mon Apr 01, 2019 9:57 am
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4925

Re: High Tax bracket strategies

When I make gifts to kids, I transfer mutual fund shares with a low cost basis, especially if they make less than approximately $100K, where LTCG tax rate is 0%. Results in no Fed tax on the gains. This is useful when gifting $15K x 4 = $60K in a given year (husband and wife gifting $15K each to ch...
by travellight
Sat Mar 23, 2019 10:28 am
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4925

Re: High Tax bracket strategies

I don’t think 529s are an obvious choice.

Donate with appreciated stocks rather than cash.

Tax loss harvesting but that is not just for higher income earners.
by travellight
Fri Mar 22, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

Gloria Bell, starring Julianne Moore as a middle aged single woman. It was really fun and she did a great job.
by travellight
Sat Mar 16, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4599
Views: 1182728

Re: What Movie Have You Recently Watched?

I watch Fighting with my family last night and thoroughly enjoyed it.
by travellight
Sat Mar 16, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 6703

Re: Any credit cards that can beat the Citi doublecash?

Short answer: Every card in my wallet beats the Citi Double Cash. 2% is below the minimum I will accept, plus the "1% now and 1% when you pay" gimmick is stupid. 2.625% on the no-AF BoA Travel Rewards card with Platinum Honors (75% bonus) gets my general spending. Many categories (including groceri...
by travellight
Fri Mar 15, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 6703

Re: Any credit cards that can beat the Citi doublecash?

Thanks MichCPA. I will look into Amex Blue business. I looked up how 2x turns into 4x and found some great information. Here is an article that captures it: https://thepointsguy.com/guide/redeeming-american-express-membership-rewards-maximum-value/ That is all personal spending and I pay high taxes ...
by travellight
Fri Mar 15, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 6703

Re: Any credit cards that can beat the Citi doublecash?

If you spend more than $11,800 per yr, Alliant Visa Signature card might be better than Citi DC. It gives you 2.5% cash back on everything, but comes with a $59 annual fee. Plus, first year no annual fee and you get 3% cash back on everything. https://www.alliantcreditunion.org/bank/visa-signature-...
by travellight
Fri Mar 15, 2019 10:02 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 852
Views: 105378

Re: Post your Financial Milestone Announcements Here

If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher). How did you do this calculation? I was thinking PV of payment stream using, say, a 4% discount rate and assuming mortality of ...
by travellight
Thu Mar 14, 2019 6:23 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 852
Views: 105378

Re: Post your Financial Milestone Announcements Here

If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher).
by travellight
Wed Mar 13, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 6703

Re: Any credit cards that can beat the Citi doublecash?

I use a combination of Alliant in general and Citi prestige for travel; I get 5x on restaurants and air/travel, 3x hotels, 4th night free, Citi price rewind, and $250 travel credit per year which offsets the $350 fee. Also gives Priority club lounge. Both of these far outperform Citi double cash for...
by travellight
Sat Feb 16, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721462

Re: What's Your Credit Card Rewards Strategy?

I don't ever fly business class. I used "not to fly Business class ever." Now, I am making exceptions for: (1) overnight flights from the U.S. to Europe to be able to sleep on the plane (2) cases when discounted points for Business class exist and for Economy don't (3) particularly cheap Business c...
by travellight
Sat Feb 16, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 101884

Re: If your networth is over $3 million, how did you do it?

Hmmm.....this one is back from the dead. I don't think I qualified to answer this question the first time it was asked, but I do now. Here's how I did it: 1) Learned to be frugal 2) Spent a long time in school learning to do something that paid well 3) Worked hard and had a high savings rate 4) Fou...
by travellight
Sun Jan 27, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721462

Re: What's Your Credit Card Rewards Strategy?

After the annual fee posts, make sure to downgrade/product change to another card, don't cancel the Chase Sapphire Reserve. You can make it into a Chase Freedom or Freedom Unlimited, but if you cancel, given the 5/24 rule, you won't get another Chase card. How does canceling a card impact the 5/24 ...
by travellight
Fri Jan 25, 2019 12:13 am
Forum: Personal Consumer Issues
Topic: Where to stay in Naples, Italy and along Amalfi coast
Replies: 36
Views: 2051

Re: Where to stay in Naples, Italy and along Amalfi coast

I also don’t recommend Naples. I was there recently and survived a purse snatching. Sorrento is a good base. I love Capri (do the hike), and Anacapri and Amalfi coast is great. Try to get to Ravello although all 3 main towns are gorgeous.
by travellight
Tue Jan 22, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 83
Views: 10265

Re: Who's flying?

SAN Diego airport on Sunday, 1/20/19 was fine at 5:15 am. Went through security in about 10 minutes.

La Guardia today at 1:15 pm was also fine. Normal flow; took about 10 minutes.
by travellight
Tue Jan 15, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31471

Re: Millionaire by 40 and How you Did it?

I hit $1M when I was 44 so I don't count. But I wanted to comment on a couple of posts. This forum has a lot of hand wringing about lots of minor things around the edges (how much international?, EM?, small caps?, etc), but nothing will make a bigger difference to your portfolio than investing in y...
by travellight
Sun Jan 13, 2019 4:28 pm
Forum: Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 6273

Re: Does anyone have entire 401K in bonds?

Apologies on the lack of other supporting information. I'm 33, and have been a laser focused pursuit of FIRE by 35, or FI at the very least. Here's my other accounts, yes I know lots of unnecessary complication, but the multiple interfaces has in some way helped me stay the course. I'm now only foc...
by travellight
Sun Jan 13, 2019 4:14 pm
Forum: Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2716

Re: Real estate as part of overall investment plan

You have to take things you read on this forum with a grain of salt when it comes to real estate investing (no disrespect). I say this because most people here (1) are older and too conservative, (2) don't have the money, (3) don't have the skills (and balls). Buying a good property takes some skil...
by travellight
Sat Jan 12, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721462

Re: What's Your Credit Card Rewards Strategy?

I currently get 2.25% on BoA Premium rewards as I am Platinum Honors. I see that https://www.pay1040.com/ charges 1.87% for making Federal Tax payments. I actually have a fairly significant estimated tax payment to make because of Vanguard distributions :( It seems like I can get .38% (2.25 - 1.87)...
by travellight
Sat Jan 12, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1016
Views: 272220

Re: Share your networth progression

1993 age 28 -$80k student loan debt 1997 $0 1999 $100k 2002 $400k 2005 $1 million 2007 $2 million 2010 $5 million 2014 $10 million 2016 $12 million Always saved 30-60% of after tax income. Blessed with great job though 24/7/365 commitment. Low cost, tax efficient index funds. Update 2017 $14.9 mill...