Search found 1285 matches

by bigred77
Mon Aug 19, 2013 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Getting back in the market...
Replies: 4
Views: 593

Re: Getting back in the market...

I had the same thing happen to me recently (but not for as long you were out of the market). I had to move 150k of my portfolio to cash for almost 2 months as I was in the house buying process. Luckily from about June to August I missed some positive returns but nothing overly lamentable. When i com...
by bigred77
Wed Aug 14, 2013 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans in our situation?
Replies: 26
Views: 1681

Re: Pay off student loans in our situation?

Subject A + B are co-habitating, make a 310k combined income, and apperently have only 50k in debt. How is this even a discussion? You should both be maxing out 401ks, plus backdoor Roths, + paying off the debt in the next 12 months. Even in a high COL area, what is your rent? I bet under 4k a month...
by bigred77
Wed Aug 14, 2013 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Tips on splitting marital finances
Replies: 71
Views: 6454

Re: Tips on splitting marital finances

This is what has worked for my now wife and for the past 5 years. We did this when we were co-habitating, engaged and now married. Might not have been the smartest thing to do until we were actually married but thankfully it all worked out. - We lay out our incomes. - We discuss and establish Invest...
by bigred77
Wed Jul 10, 2013 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Young professional. Am I doing this right?
Replies: 15
Views: 1701

Re: Young professional. Am I doing this right?

Congrats! I think your doing great! Note: I doubt your really in the 28% bracket. Try to double check this. My only advice would be this: 1.) Switch your Roth IRA money from the Star fund into the same target date fund. I would just simplify things if you like the overall AA of the target date fund ...
by bigred77
Tue Jul 09, 2013 2:06 pm
Forum: Investing - Theory, News & General
Topic: Why We Underestimate Risk by Omitting Time as a Factor
Replies: 26
Views: 2908

Re: Why We Underestimate Risk by Omitting Time as a Factor

The world would be a better place if we stopped talking about expected value as it relates to investing 1) We don't know the odds, therefore we can't meaningfully compute the expected value of our portfolio (with a few exceptions) 2) Expected value doesn't work very well for a small chance of a lar...
by bigred77
Tue Jul 09, 2013 2:03 pm
Forum: Investing - Theory, News & General
Topic: Is this a good or bad bet?
Replies: 41
Views: 3393

Re: Is this a good or bad bet?

Cant I just not "let it ride" and repeatedly bet $100 exactly on every flip?

In that case I do it untill they eventually run out of money to pay me...
by bigred77
Mon Jul 08, 2013 6:55 pm
Forum: Investing - Theory, News & General
Topic: Why We Underestimate Risk by Omitting Time as a Factor
Replies: 26
Views: 2908

Re: Why We Underestimate Risk by Omitting Time as a Factor

I think this guys example is misleading. You would obviously take the bet if you had multiple rolls and you may or may not take the bet if you had only one roll. 1 roll = 83% chance of a loss. 10,000 rolls = <1% chance of a loss With 1 roll I would take the bet if it was less than 1-2% of my networt...
by bigred77
Thu Jun 27, 2013 11:31 am
Forum: Personal Finance (Not Investing)
Topic: I have no idea what I want to do as a career
Replies: 80
Views: 6327

Re: I have no idea what I want to do as a career

Alot of the generic things you listed ("Business Manager", "Project Manager") require alot of work and experience at lower levels/salaries to make it into that position. These are not "get a masters and get a job" type positions. These types of jobs are not going to con...
by bigred77
Wed Jun 26, 2013 9:13 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 54864

Re: What age did you reach 100K networth?

At 24 years old according to mint. Quick question, when I include my home into net worth what number should I use for valuation? Chase home values, zillow, appraised value last year, purchased price, market price, etc? Obviously not a big deal just always curious what others use. -A Market price is...
by bigred77
Mon Jun 24, 2013 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on lump sum investing?
Replies: 70
Views: 3320

Re: Thoughts on lump sum investing?

baylorbears,

The best investment decision you can make would be to just buy one of the new luxury boxes their hawking at the new football stadium. Follow Draytons lead and donate!!!
by bigred77
Wed Jun 19, 2013 3:50 pm
Forum: Investing - Theory, News & General
Topic: A thought on net worth 'skewedness'
Replies: 53
Views: 4358

Re: A thought on net worth 'skewedness'

Much like "age in bonds" I aim to go from person A in my late 20s/early 30s to person B in my late 50s/ early 60s. Assuming person A used his liabilities to buy (hopefully) appreciating assets, then he is much further up on the risk/reward spectrum (hopefully he has positioned his assets f...
by bigred77
Wed Jun 19, 2013 11:24 am
Forum: Investing - Theory, News & General
Topic: A thought on net worth 'skewedness'
Replies: 53
Views: 4358

Re: A thought on net worth 'skewedness'

I'm really looking forward to seeing replies here. As of this moment, I'm personally closer to person B but by August, I have made the concious decision to become person A. (I've decided to buy an expensive house and sell my condo. Closing end of July) Right now - (390k assets ; 170k liabilities) 22...
by bigred77
Wed Jun 19, 2013 11:07 am
Forum: Investing - Help with Personal Investments
Topic: 401K Loan -- Sanity Check
Replies: 32
Views: 2934

Re: 401K Loan -- Sanity Check

Your 401k loan is paying interest to yourself at 4.25% over however long you want to borrow it. Your cost is only 75 dollars. sell 16k worrth of 401k bonds (assuming you have them in there) and take the loan. In essence, your asset allocation stays the same. You have simply decided to loan the money...
by bigred77
Fri Jun 14, 2013 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 54864

Re: What age did you reach 100K networth?

First job at 23 with networth of -50k (Student Loans and Car Note)

Broke 100k at 26 thanks to paying off all debt, maxing Roth IRA and 401k with generous company match, and participating in stock market recovery of 2009-2011.
by bigred77
Fri Jun 14, 2013 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Article about young americans not using credit cards
Replies: 81
Views: 6690

Re: Article about young americans not using credit cards

As some one who is in their 20s and has been vastly frusterated with not having a remedy to address the "length of credit history" portion of my credit score I can tell you that people who are avoiding opening a credit card are making a mistake. When I went on my first business trip I coul...
by bigred77
Thu May 23, 2013 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell Taxable TSM to pay off 15 year Mortgage?
Replies: 22
Views: 2477

Re: Should I sell Taxable TSM to pay off 15 year Mortgage?

+1 for refinancing to penfeds 5/5 ARM at 2.5%, no points and no closing costs.

You can self amortize over the 5 years and if you don't like the reset rate you can simply pay it off then.
by bigred77
Wed Apr 03, 2013 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Free and Your Credit
Replies: 3
Views: 701

Re: Debt Free and Your Credit

I would simply pay off the student loan and get a credit card if you dont already have one. Get a rewards card, use it for everyday bills/living expenses and pay it off in full every month. Your credit score will not take a hit.
by bigred77
Fri Mar 29, 2013 9:52 am
Forum: Investing - Help with Personal Investments
Topic: what is my leverage
Replies: 13
Views: 1089

Re: what is my leverage

Sorry, lenders take a more conservative view. His leverage is the total amount of debt outstanding divided by total net worth. Adding leverage back into the denominator distorts that net worth figure. A lender would look to see how that leverage could be liquidated with ease - net equity is what ca...
by bigred77
Fri Mar 29, 2013 8:10 am
Forum: Investing - Help with Personal Investments
Topic: what is my leverage
Replies: 13
Views: 1089

Re: what is my leverage

$59,769 529 $3,775 PM $264,242 stocks $51,700 REIT $115,455 home worth $55,911 Bond $2,915 legacy stocks $2,772 Cash -$38,957 mortgage Debt $517,582 Net worth This is easy question I would guess, but I was wanting to make sure what my "leverage" of my mortgage debt is above? (btw the numb...
by bigred77
Thu Mar 28, 2013 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do you set your saving goals and find a balance?
Replies: 40
Views: 3033

Re: How do you set your saving goals and find a balance?

Do your best to just limit your savings for the next 7 years to 80k/yr until you reach 40. If able, bumb it up to 100k/yr. Hold constant until you reach 50. If able, bumb it up to 120k/yr. Hold constant until you reach 60 or retire. ENJOY the rest of your money and congrats on your success. If somet...
by bigred77
Tue Mar 19, 2013 4:30 pm
Forum: Investing - Theory, News & General
Topic: is a stock market bubble brewing
Replies: 33
Views: 4755

Re: is a stock market bubble brewing

With the economic turmoil that occured from 2003-2013 I would expect corporate earnings were significantly lower than what had been expected in the years prior. The price of equities now seems to be anticipating that earnings will rebound and grow at a faster rate. In my opinion, looking at valuatio...
by bigred77
Mon Mar 18, 2013 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 9259

Re: 39 y.o. and 18 years of Vanguarding

Awsome post... You are my role model and what I strive to become... I wish more poeple on here would do "milestone posts" when they reach 30, 35, 40 yrs old or 500k, 1000k in investable assets. (Iknow I see some but I know there are many more who don't share). Would love to see more stats ...
by bigred77
Mon Mar 18, 2013 9:02 am
Forum: Investing - Theory, News & General
Topic: POLL: Withdrawal Rates For Real Retirees
Replies: 79
Views: 6697

Re: POLL: Withdrawal Rates For Real Retirees

I'm pretty shocked by the results so far...

You guys need to live it up a little...
by bigred77
Wed Mar 13, 2013 11:15 am
Forum: Investing - Help with Personal Investments
Topic: 28, new to investing, what would you do with my 3k tax retur
Replies: 12
Views: 1323

Re: 28, new to investing, what would you do with my 3k tax r

When you say your parents bought you a house does that mean its paid for in cash and titled in your name???

If thats the case, and I would strongly consider a cash out 30 year fixed mortgage to pay off your student loan debt (assuming the value of the home would allow you to do so).
by bigred77
Wed Mar 13, 2013 10:07 am
Forum: Personal Finance (Not Investing)
Topic: how much leverage in buying a house?
Replies: 13
Views: 2248

Re: how much leverage in buying a house?

It's posts like the OP that give me a reality check, and remind me how much the posters on this board are truly on the fringe of society's spending habits (ultra, ultra, ultra conservative). Lol. An awful lot of cities on the coasts where you need 600k for your basic, no-frills starter home. I didn...
by bigred77
Thu Mar 07, 2013 4:58 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 28730

Re: What's your number? Why?

$10,000,000 or 60 yrs old My goal number is 10 Mil for some of the same reasons already mentioned (Its a nice round number, its an extra digit than most peoples number and I'm narcissitic, I'm only 28 and my number needs to be huge in future dollars, its crazy to clalculate a realistic retirement nu...
by bigred77
Mon Feb 25, 2013 10:39 am
Forum: Investing - Help with Personal Investments
Topic: VSS or SCZ for International Small-Cap?
Replies: 17
Views: 2902

Re: VSS or SCZ for International Small-Cap?

I just swithced my holdings from SCZ to VSS. I had a Fidelity 401k with a brokerage link and had to face the 7.95 brokerage commision vs the difference in ERs. When i finally got to the point in portfolio size where I felt comfortable buying VSS just once a year when I reblanace I went with the lowe...
by bigred77
Thu Feb 21, 2013 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Stock options/grants, how do you handle?
Replies: 21
Views: 1397

Re: Stock options/grants, how do you handle?

I sell my RSUs immediately as they vest. I used the proceeds to pay off debt and now just add to my taxable investments. I let my options run and haven't really exercised any as of yet. With a 10 yr term and being in a somewhat cyclical industry I plan to let them marinate for at least 6 years and t...
by bigred77
Thu Feb 21, 2013 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Go For It? (House Purchase)
Replies: 20
Views: 1748

Re: Go For It? (House Purchase)

My questions for you would be:

1.) Whats your gross salary and how stable is your job?

2.) Who's Paying for your upcoming wedding?

3.) Why 10% down if you can wait a year and put 20% down, buy a little furniture, and still have 10k in emergency savings?
by bigred77
Mon Feb 18, 2013 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 14973

Re: Where were you financially in your late twenties?

Just shy of 28 yrs old... 160k in retirement accounts. Conservative estimate of 40k in home equity. About 20k in an E-fund/ medium term Savings. Only non-mortgage debt is some grad school stundent loans I expect to be paid off this year sometime. Ecstatic about getting some expensive life events out...
by bigred77
Thu Feb 14, 2013 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Investment Bank Internship versus Accounting Courses
Replies: 27
Views: 2121

Re: Investment Bank Internship versus Accounting Courses

Junior Year is a little late in the game to decide IB is the route you want to take. It is very competitive (even at HYP) and not everyone gets in. The GPA is hugely important in the recruitment process. She needs to go through her OCR (On-Campus-Recruiting) and if she is applying to the firms websi...
by bigred77
Mon Feb 11, 2013 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: How do things look to you young investors these days?
Replies: 87
Views: 8043

Re: How do things look to you young investors these days?

Yes, 30 year treasury yields are low, but be careful using single year PE. Even if the market value of a treasury bought today goes down, you are still receiving a (near) risk-less return of 3.2% if bought today. The implied 6% return from a stock index investment based on this year's earnings is N...
by bigred77
Mon Feb 11, 2013 10:39 am
Forum: Personal Finance (Not Investing)
Topic: How do things look to you young investors these days?
Replies: 87
Views: 8043

Re: How do things look to you young investors these days?

The majority of people under 30 who reads this board and acts on its advice will be a multi-millionaires later in life.

Granted the money will have less purchasing power but I think thats reason enough to be optomistic.
by bigred77
Tue Feb 05, 2013 10:11 am
Forum: Personal Consumer Issues
Topic: Our cable bill is over $200 !!!
Replies: 89
Views: 11094

Re: Our cable bill is over $200 !!! WT*

I pay 196 for the comcast "premier" triple play or whatever its called. Every few years when the promotional rate ends I call and tell them i'm willing to cancel my account unless they give me the promotional rate they offer to NEW customers (its always better than the offer there willing ...
by bigred77
Thu Jan 31, 2013 10:45 am
Forum: Personal Finance (Not Investing)
Topic: 2 Years Out of College, MBA Plan
Replies: 23
Views: 3775

Re: 2 Years Out of College, MBA Plan

A few thoughts I wanted to share... Understand that a top tier MBA is awsome and is even more valuable to someone like you who wants to do consulting at one of the most prestigious US firms. Understand also that the network and On Campus Recruiting are far and away THE most valuable attributes of at...
by bigred77
Tue Jan 29, 2013 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Is This A Plan For Disaster ?
Replies: 24
Views: 3083

Re: Is This A Plan For Disaster ?

Well .... I do have a contingency 'housing plan' if anything really went downhill .... I have two now single (with no dependents) siblings who said I could reside with them, if it were ever needed. So, that's one large living expense off the table. Yes, I am adverse to risk. Regarding possibility o...
by bigred77
Tue Jan 22, 2013 10:39 am
Forum: Investing - Theory, News & General
Topic: Challenge: How to invest today for a 40 year horizon?
Replies: 60
Views: 5691

Re: Challenge: How to invest today for a 40 year horizon?

Your looking for just under a 6% nominal CAGR over 40 years. You could pick most any reasonable asset allocation and hold for 40 years. I think you definately cant go wrong with any 2050 target retirement fund. My personal choice would be a static 70/30 split rebalanced annually on my birthday: 15% ...
by bigred77
Tue Jan 15, 2013 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Student Loan Forgiveness in Community Property States
Replies: 11
Views: 1521

Re: Student Loan Forgiveness in Community Property States

In regards to your followup, yes I agree with SScritic's assesment that in the best case scenario your IBR payments will be based on your total household income / 2 (or about 100k it looks like, after 8 years I don't think you'll be dramatically better off over just paying it and I think the flexibi...
by bigred77
Tue Jan 15, 2013 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Student Loan Forgiveness in Community Property States
Replies: 11
Views: 1521

Re: Student Loan Forgiveness in Community Property States

I feel like your kind of in a tough place. Do you have any reservations about using "your" money which you were able to save before the marriage to pay down her substantial student loan debt? Do you have any plans for kids in the near future and/or have you thought about going to a one inc...
by bigred77
Fri Dec 21, 2012 9:28 am
Forum: Personal Finance (Not Investing)
Topic: 401(k) or student loan (more importantly: a math question)
Replies: 16
Views: 1426

Re: 401(k) or student loan (more importantly: a math questio

I see you are in a pretty high tax bracket and your monthly expenses are low. I would max 401K/Roth IRA and put extra cash flow on loans. Increase emergency fund to ~2 years. Should be easy with your income and expenses. Then borrow from 401K to pay off a chunk of loans. Treat 401K loan like a bond...
by bigred77
Thu Dec 20, 2012 3:23 pm
Forum: Personal Consumer Issues
Topic: Dining in Paris and/or Rome?
Replies: 14
Views: 1600

Dining in Paris and/or Rome?

So in a few weeks my wife and I will taking a trip to Europe and will be spending about a week in both Rome and Paris. I known this is a well travelled group so i wanted to pose this question to the board: What are some of the best restraunts you can reccomend in either Paris or Rome? I would like t...
by bigred77
Tue Dec 18, 2012 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: The Distribution of Wealth
Replies: 15
Views: 4156

Re: The Distribution of Wealth

I really like the "wealth scoreboard" work done by Scott Burns.

Breaks down net worth by age groups and percentiles. lets us younger folks feel a little better about our finances.

http://assetbuilder.com/scott_burns/the ... scoreboard
by bigred77
Fri Nov 30, 2012 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Graduate Student Loans
Replies: 24
Views: 2694

Re: Graduate Student Loans

I'm going to begin a graduate program in January and wanted some advice on student loans. The program costs a total of 35k for tuition, books, graduation, etc. and is a 16 month program. My work will put in 5000 a year so I'm going to take advantage of that and I have around 5k saved up but most of...
by bigred77
Wed Nov 07, 2012 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Talking about investing and Money with friends and family
Replies: 18
Views: 1484

Re: Talking about investing and Money with friends and famil

My family doesn't understand saving, not to even mentione investing. Once I got my sister in law Suzie Orman book ,she said she wants to know how to get rich instantly. Mentioned a few times at work in general terms, no one I know is ready for Bogleheads john This has pretty much been my experience...
by bigred77
Wed Nov 07, 2012 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Why do people want to join [certain credit unions]?
Replies: 4
Views: 534

Re: Why do people want to join?

Most rational people want the best loan terms regardless of who the lender is (to an extent). Penfed has a 1.99% 60 mo. HEL with low closing costs. Thats the best rate I can find and my cost to access that loan includes a $25 donation. Done and done. I personaly admire many veterans. Regardless of A...
by bigred77
Thu Oct 25, 2012 11:12 am
Forum: Investing - Help with Personal Investments
Topic: 20-something still lost
Replies: 55
Views: 4846

Re: 20-something still lost

Ummm... Does bogleheads have our first model???

You should definately spread the word to your friends to come on this site for advice. I want to give a special invite to join us at the next annual boglehead conference as well.
by bigred77
Wed Oct 24, 2012 11:18 am
Forum: Investing - Theory, News & General
Topic: Consider the Price-to-Peak Earnings ratio
Replies: 25
Views: 3846

Re: Consider the Price-to-Peak Earnings ratio

I find this discussion really interesting, especialy the regression numbers run by Camontgo (thank you for this by the way). It intuitively makes sense to me that the longer the time periods you look at the narrower the range of potential out comes becomes (relatively speaking; the 10yr returns have...
by bigred77
Mon Oct 22, 2012 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Las Vegas Trip
Replies: 56
Views: 4747

Re: Las Vegas Trip

From an experienced Vegas tourist whos your age: Go with the bellagio if its only 300 extra over 5 nights. I disagree with renting a car. You can walk anywhere on the strip and take a cab anywhere else. There are buses for tour groups to the hoover damn. Budget your gambling money!! Set aside maybe ...
by bigred77
Mon Oct 22, 2012 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Total Net Worth approach to the efficient frontier
Replies: 26
Views: 2154

Re: Total Net Worth approach to the efficient frontier

I think this is a very interesting concept... i think the leap is small to consider ones E-Fund (assuming it's held in a savings account, MM, CDs, I-bonds, ST bond fun etc) as part of fixed income. It's seems pretty intuitive. The equity in ones primary residence is a bigger leap. I see why it can b...
by bigred77
Wed Oct 17, 2012 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Mid-20s w/ $2M - please review my plan
Replies: 56
Views: 5551

Re: Mid-20s w/ $2M - please review my plan

I think your AA is a little too conservative for someone in their mid-20s. Even at this allocation however, i think you'd be fine with a 2.75% withdrawl rate if you wnet ahead with it. I would really consider going at least 50/50 and would reccomend 60/40. You have a loooong time horizon (hopefully)...

Go to advanced search