Search found 1322 matches

by bigred77
Tue Mar 04, 2014 12:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 121
Views: 21078

Re: You know you're a Boglehead when ...

You think a 27 year old with a 300k portfolio is "about average for someone with a college degree"... :D
by bigred77
Mon Mar 03, 2014 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Back to Work
Replies: 8
Views: 1392

Re: Wife Back to Work

My first thought would be she could do some substitute teaching for a few years, go through the certification process (state specific i believe) and then try to land a full time teaching gig after a couple of years. Pretty portable career I think. Pay varies on City, State, regional cost-of-living, ...
by bigred77
Sun Mar 02, 2014 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of mortgage should I get?
Replies: 9
Views: 1066

Re: What kind of mortgage should I get?

You will be able to deduct mortgage interest in texas. My understanding is that there is no income cap on the ability to do that. if you were thinking the amount of interest will be below the standard deduction, you are not taking into account that property taxes in TX are sky high. In Houston for e...
by bigred77
Thu Feb 27, 2014 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 7401

Re: what's your number?? (for married couples)

Wife and I are both 29. Targeting $10 million for retirement or if we hit 60 we'll pull the plug and adjust to whatever the number is. We spend alot (about 90k a year now, we have a big mortgage payment and we travel a ton). We save about 25% of income strictly for retirement and have been doing so ...
by bigred77
Mon Feb 24, 2014 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a small amount of student debt for child to pay off?
Replies: 45
Views: 3501

Re: Leaving a small amount of student debt for child to pay

I went to a fairly affluent private school where it seemed like nobody had "manageable debt" except for me. Either Mom and Dad paid for the whole boat or kids were borrowing like mad to get all the tuition together every August. I had a alot of small academic scholorships that added up and...
by bigred77
Sun Feb 23, 2014 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 13039

Re: What's the Appropriate Net Worth by % for a 27 year old?

I really like this site by Scott Burns to give some perspective: http://assetbuilder.com/scott_burns/the_new_wealth_scoreboard The graphic at the bottom this page gives a breakdown of different levels of networth by percentiles for different age ranges (this includes primary residence home equity). ...
by bigred77
Tue Feb 11, 2014 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Insurance?
Replies: 70
Views: 11878

Re: USAA Auto Insurance?

I have USAA for both Auto and Home coverage.

They had far and away the best rate (for my situation at least) for both products. I price shopped any and every where.

I had a major car accident (totaled vehicle) and the claims process was very smooth. I have nothing but great things to say.
by bigred77
Mon Feb 10, 2014 9:34 am
Forum: Personal Consumer Issues
Topic: Valentine's Day
Replies: 43
Views: 3684

Re: Valentine's Day

With all the threads started on the sensible buying of umbrella liability insurance I'm surprised more people aren't advocating "just the $150 bucks on a card, choclates, and a decent meal out. It's cheap relationship insurance on half of your assets."
by bigred77
Tue Jan 21, 2014 10:52 am
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 197
Views: 16869

Re: What's your dream car?

Black BMW M6 convertible with cream interior.

Driving along the beach in June from San Fran to San Diego, then back to LA and time myself on how quick I can make to Vegas.


Then I wake up...
by bigred77
Mon Jan 13, 2014 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 71477

Re: High Earners - What's Your Profession?

I work for a large Oil and Gas company in relatively unique corporate role. I broke the 100k mark in total compensation about 4 years in. I have MBA that my employer heavily subsidized from a decent State school (they are not churning out top consultants and I bankers). I had about 20k in student lo...
by bigred77
Thu Dec 12, 2013 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 17958

Re: What percentage of your income are you saving?

28 years old.

My wife and I save a shade over 25% of gross income into tax advantaged retirement accounts.

The rest of my "savings" go to pay down debt.
by bigred77
Mon Dec 02, 2013 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Success Stories of Bogleheads
Replies: 62
Views: 7739

Re: Success Stories of Bogleheads

I am a millenial. i was lucky enough to find bogleheads within a few months of graduating and starting my first real job. I originally found the site while researching how to invest in my 401k. What funds to pick and why? i originally just picked about 6 funds with the best 10 year returns and assig...
by bigred77
Tue Nov 26, 2013 4:32 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 21497

Re: Bill Bernstein: "Take risk off the table"

I agree with some of the sentiment that these "marginal" changes of +/- 5% between bonds and equities are unlikely to have a material impact on ones "final destination" so to speak. If one feels better doing this then more power to them. I do feel that this could bring some unnec...
by bigred77
Tue Nov 26, 2013 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Best Personal Service for Near-Retiree w/ $1m+
Replies: 34
Views: 2626

Re: Best Personal Service for Near-Retiree w/ $1m+

Does Fidelity have an extensive network of offices where investors can visit? Has anyone ever used their banking services? What are your thoughts on combining everything with them in terms of investing and banking? Perhaps that would simplify things for the original poster considering he may want a...
by bigred77
Mon Nov 25, 2013 11:15 am
Forum: Investing - Help with Personal Investments
Topic: What now? Everything maxed
Replies: 14
Views: 2207

Re: What now? Everything maxed

Go on vacation each and every year... then start upping your taxable investing
by bigred77
Mon Nov 25, 2013 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Average Yearly Raises?
Replies: 97
Views: 7246

Re: Average Yearly Raises?

I've been working for 5 years. All at the same employer.

Base Pay CAGR increase = 7.2%

Totel Compensation from employer CAGR = 9.6%
by bigred77
Fri Nov 15, 2013 12:32 pm
Forum: Personal Consumer Issues
Topic: Advice on what to do summer before senior year high school
Replies: 63
Views: 3836

Re: Advice on what to do summer before senior year high scho

If your goal is to help is chance of admission to highly selective college then this is what I would do: - Have him volunteer at a band name charity or be a Big Brother to an at risk youth or work at a free clinic or something. Should be about 15-20 hrs a week. Get some experiences he can utilize on...
by bigred77
Thu Nov 14, 2013 11:24 am
Forum: Investing - Theory, News & General
Topic: Using Merger/Arbitrage fund as Bond fund substitute?
Replies: 10
Views: 1288

Re: Using Merger/Arbitrage fund as Bond fund substitute?

I think this would be a pretty bad idea. I can't imagine many on this board would reccommend what your thinking about doing. I would keep my fixed income portion of my portfolio to a total bond market index fund. I can see viable alternatives for a portion of fixed income (if you understand WHY you ...
by bigred77
Wed Nov 06, 2013 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 100 Percent Equity Asset Allocation
Replies: 36
Views: 6097

Re: 100 Percent Equity Asset Allocation

I'm very near your age and have thought about what your proposing. I think most people here would agree that IN THEORY it would make sense to go 100% stock if your goal is to maximize EXPECTED return over long time horizons. The real life implications here are many: - When do i start adding bonds? D...
by bigred77
Mon Nov 04, 2013 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 62
Views: 7960

Re: 250k Student Loan Payment Schedule

I also think you'd be better off maxing out your 401k contributions to save on taxes. I might also consider $5500 backdoor roth IRA contributions out of your bonus each year that can double as an emergency fund while you're attacking the student loans. I might back off my Student Loan paydowns to $3...
by bigred77
Fri Nov 01, 2013 10:51 am
Forum: Investing - Theory, News & General
Topic: Poll: How conservative/aggressive is your AA for your age?
Replies: 106
Views: 9896

Re: Poll: How conservative/aggressive is your AA for your ag

I'm also a little surprised.

Not yet 30. 80/20 with small and value tilts. I'm conservative apparently.

Don't plan to move my allocation untill age 40 when i move to 70/30. I guess I get more aggressive over time.
by bigred77
Wed Oct 30, 2013 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Milestones - Would you have reached it without the "extra"?
Replies: 58
Views: 4642

Re: Milestones - Would you have reached it without the "extr

Fair enough... I reached my milestones so far from employment compensation only. I do receive RSUs, options, and a yearly cash bonus as a part of that compensation. It helps that my wife works and we don't have kids yet. *** edited to add "I'm still just a rank and file employee" I was ver...
by bigred77
Wed Oct 30, 2013 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Milestones - Would you have reached it without the "extra"?
Replies: 58
Views: 4642

Re: Milestones - Would you have reached it without the "extr

I do not agree with differentiating the "salary only" category from the next category with "stock options, RSU, pension, etc". The pension is a benefit funded by the employer, no different than 401k matching. It is part of your overall compensation. If you accepted a job that di...
by bigred77
Tue Oct 29, 2013 9:45 am
Forum: Personal Consumer Issues
Topic: Houston, TX Housing Suggestion
Replies: 6
Views: 1133

Re: Houston, TX Housing Suggestion

if you have the time/flexibility to do it, you can consider buying just a lot or an older home being sold for lot value only. Then you can build whatever you want and have a little more control over sq footage, cost, layout etc. I think alot of people are doing that in the area. That would be my pre...
by bigred77
Thu Oct 24, 2013 7:43 am
Forum: Personal Consumer Issues
Topic: Boston Area Part time MBA advice
Replies: 12
Views: 1640

Re: Boston Area Part time MBA advice

I faced a similar situation to yours a few years back. I was 25/26. My company would pay a little over 5,000 per calander year for an MBA. I aced the GMAT and had to choose between an "OK" regional program for 32k or a couple of nationally ranked "prestige" programs for over 90k....
by bigred77
Wed Oct 16, 2013 1:29 pm
Forum: Personal Consumer Issues
Topic: How many square feet is your home?
Replies: 162
Views: 13467

Re: How many square feet is your home?

3250 sqft
3 bed / 3.5 bath
2 car garage

Just my wife and I. Waaaay too big at the moment. Hope to start a family there in the next few years though. Our dream location and we plan to stay for at least 15 yrs or so.
by bigred77
Tue Oct 15, 2013 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Home Affordability [check my calculations]
Replies: 85
Views: 7014

Re: Home Affordability

Count of Notre Dame wrote:How much should we have saved in cash for furniture, minor repairs, etc.?


Several 10s of thousands.

Also I think your Home Insurance premium with be MUCH higher than $67 a month.
by bigred77
Tue Oct 15, 2013 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best careers for people about to enter college?
Replies: 69
Views: 6097

Re: Best careers for people about to enter college?

As a relatively recent graduate myself i would advise bright high school seniors to consider the following 1.) Engineering (I favor Mechanical, Electrical, or Petroleum) 2.) Accounting (with CPA) 3.) Finance/Economics 4.) Statistics I think medicine can be a great field but majoring in Biology or a ...
by bigred77
Thu Oct 10, 2013 10:43 am
Forum: Personal Finance (Not Investing)
Topic: energy co wants to buy mineral rights
Replies: 29
Views: 3837

Re: energy co wants to buy mineral rights

Stone is a very good company. They are not a fly by night organization. It sounds like you guys own some mineral interests, that in all likelihood, was severed from the surface ownership rights. They are not attempting to "buy" your interest, only lease it from you. You have 2 main area of...
by bigred77
Mon Sep 30, 2013 8:03 am
Forum: Investing - Help with Personal Investments
Topic: What age did you start investing and where are you now?
Replies: 42
Views: 5655

Re: What age did you start investing and where are you now?

2008(age 23) - Finished Undergrad, started work with no savings and about 60k worth of debt between my now wife and I combined. Starting Salary for us (58k me; 19k her) (in between) - Same employers. I finished grad school. We got married. We've been lucky enough to travel extensively. We bought a p...
by bigred77
Thu Sep 26, 2013 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 28929

Re: Young Guys [and Gals] Making Good Money

I'm noticing quite a few PhDs who are among the young high earners. That Jacob guy from early retirement extreme was a physics PhD, I believe. All my hobbies/passions involve the outdoors...maybe it's not too late to head back to school and pick up a PhD in Geology and go be an exploration geo for ...
by bigred77
Mon Sep 23, 2013 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 28929

Re: Young Guys Making Good Money

I'm turning 28 next month, have a BS Economics and MS Finance from top 20 schools, and I make ~$55k USD per year from my "main" job. Something is missing from your post, but I cannot figure out what you are not telling us. I manage a group of accountants at a major energy company in a low...
by bigred77
Thu Sep 12, 2013 1:53 pm
Forum: Investing - Theory, News & General
Topic: Real Returns in Next 40 Years: Rob Arnott
Replies: 18
Views: 1940

Re: Real Returns in Next 40 Years: Rob Arnott

1 billion Indians and Chinese joining the middle-class over the next 20 years could dwarf the 500 million that created the last boom in the US and Europe. I predict 6% HIGHER real growth over the next 40 years, leading us to an average 12% real return. You heard it here first. I agree completely wi...
by bigred77
Thu Sep 12, 2013 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: 20% for home downpayment vs rising interest rate concerns
Replies: 17
Views: 1898

Re: 20% for home downpayment vs rising interest rate concern

If you do decide to take the plunge rather than wait to build up a full 20% downpayment, then consider a 80/10/10 loan. That's a traditional conforming loan for 80%, a 2nd mortgage at an above-average rate (due to combined loan to value) for 10%, and 10% downpayment. You will only pay the higher ra...
by bigred77
Thu Sep 12, 2013 1:36 pm
Forum: Personal Consumer Issues
Topic: Haggling at Furniture Store (Lay-z-Boy)
Replies: 28
Views: 11445

Re: Haggling at Furniture Store (Lay-z-Boy)

I just recently furnished a house and was able to get 20% off my entire order.

I would go look at exactly the stuff you want agin with the salesman, tell him the pieces you want, and tell him you're prepared to make the purchase on the spot, cash, if you get 20% off.
by bigred77
Thu Aug 29, 2013 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment
Replies: 12
Views: 1727

Re: Student Loan Repayment

Your math is wrong. You will pay more interest if you wait until year 4 to pay the 100k and then pay off the balance. Paying 25k per year is reducing your balance in which interest charges are applied to every year. Unless you find a CD that pays more than your Student loan interest rate (post tax a...
by bigred77
Wed Aug 21, 2013 6:46 pm
Forum: Investing - Theory, News & General
Topic: Finding decent mean/stdev data for Monte Carlo sims
Replies: 70
Views: 4318

Re: Finding decent mean/stdev data for Monte Carlo sims

As someone who fancies himself an amateur statistician, this thread has completely lost me. I plan for my diversified portfolio, growing more conservative over time, using a 4% real return over the next 30 years. I imagine 2% being a “worst case” scenario and hope for 7%+ so I can live in luxury. If...
by bigred77
Mon Aug 19, 2013 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Getting back in the market...
Replies: 4
Views: 605

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: 1683

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: 6472

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: 1705

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: 2915

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: 3429

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: 2915

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: 6413

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: 55403

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: 3408

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: 4407

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: 4407

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: 2959

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...

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