Search found 1164 matches

by bigred77
Tue May 15, 2012 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and Backdoor Roth?
Replies: 7
Views: 675

Re: Roth 401k and Backdoor Roth?

Different Big Red...

The Huskers and I are no longer on speaking terms after they left the Big XII...
by bigred77
Tue May 15, 2012 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and Backdoor Roth?
Replies: 7
Views: 675

Re: Roth 401k and Backdoor Roth?

I would consider maxing the (100%) traditional 401k options, then doing 2 backdoor roths, then start your taxable investing in a brokerage account. That's probably the most advantageous to you in your assumed tax bracket.
by bigred77
Tue May 15, 2012 9:59 am
Forum: Personal Finance (Not Investing)
Topic: making our money work for us
Replies: 64
Views: 7191

Re: making our money work for us

I personally don't think your finances are that bad. I don't think your current home or the one your hoping to move too is out of your financial reach considering your income, goals, etc. I think your immediate actions should be this: 1.) Seperate the 30k from the 85k in savings that will act as you...
by bigred77
Wed May 09, 2012 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Getting in MBA Program with a terrible undergrad GPA
Replies: 25
Views: 3916

Re: Getting in MBA Program with a terrible undergrad GPA

If your experience and interest do lie in an industry that's concentrated in the VA/DC area, I would STRONGLY recommend you target schools in this region. The example schools you mentioned all carry more weight in their immediate regions then they do nationally (as is the case with most B-schools ex...
by bigred77
Wed May 09, 2012 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Getting in MBA Program with a terrible undergrad GPA
Replies: 25
Views: 3916

Re: Getting in MBA Program with a terrible undergrad GPA

2 things are going to be crucial for you moving forward: 1.The GMAT- If you want to get in to a top flight MBA program you are going to have to score 700+. You may even need to target 750 or higher because your undergrad GPA is very alarming to school admins. 2. Your essays, and if your applying to ...
by bigred77
Tue May 08, 2012 10:16 am
Forum: Investing - Theory, News & General
Topic: Economics. [Does it help the investor?]
Replies: 83
Views: 5497

Re: Economics. What do you think?

I'm of the opinion that a superior knowledge of economics is only of limited help to a long term boglehead investor. Economics can give you a solid perspective on the ebbs and flows of the business cycle which can help bogleheads "stay the course" during downturns (especially dramatic down...
by bigred77
Mon May 07, 2012 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I Rent or Buy? 23, Secure Job, Single
Replies: 55
Views: 3367

Re: Should I Rent or Buy? 23, Secure Job, Single

I'm a condo owner in Houston and I've looked in the areas you've mentioned. In Houston, it's almost impossible to get financing on a true condo (not a townhome) unless your either putting 20% down or going the FHA route. FHA rules regarding condos have changed drastically in the past couple of years...
by bigred77
Sat May 05, 2012 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 12307

Re: Are 20 something's screwed bc of inflation and little/no

As a fellow 20 something I can tell you the sticker shock will start to wear off as you think through it more and more. It's hard to imagine but there will one day be a time when minimum wage is $25 hr, entry level engineers start at 150k/yr, and paying 3k per month in rent on a one bedroom apartmen...
by bigred77
Wed May 02, 2012 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Not your regular retirement questions
Replies: 58
Views: 7044

Re: Not your regular retirement questions

I think you should be just fine retiring right now and spending 200k per yr with your portfolio. First of all, your taxes are going to be very low if you invest wisely. Your kids college is apperently taken care of. You should leave your 500k in retirement accounts alone and i would treat it as a &q...
by bigred77
Wed May 02, 2012 11:17 am
Forum: Investing - Theory, News & General
Topic: At what interest rate would you borrow to invest?
Replies: 39
Views: 3210

Re: At what interest rate would you borrow to invest?

Last I checked PenFed had home equity loans @ 1.99% (5 year term, up to 75% LTV) If I had a paid off residence I would give HEAVY consideration to releveraging my house at this rate (assuming I planned to work over the next 5 years) and just adding it in to my current asset allocation. Especially fo...
by bigred77
Mon Apr 23, 2012 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on how much debt to take on
Replies: 13
Views: 1385

Re: Advice on how much debt to take on

I would max out your stafford loans (20,500) each year and pay the remainder with your savings. You may need to cut your lifestyle down further to make it work. Even with tuition and school expenses, 120k per year in living expenses seems awfully high. If/when you do your summer internship, put ALL ...
by bigred77
Mon Apr 16, 2012 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Your Dumbest Financial Move
Replies: 166
Views: 16091

Re: Your Dumbest Financial Move

"GM will never ACTUALLY go bankrupt. they're about to hit $2 a share. I'll catch them there and sell on the bounce when it jumps to $3 a share. Easy Money!!" Bought at $1.96 Sold at $0.88 Apperently GM CAN actually file for bankruptcy protection. Luckily it only cost me about 2k and I made...
by bigred77
Thu Apr 12, 2012 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 1173

Re: First time portfolio rebalncing advice

BigOilTexan,

Just curious...

Petroleum Engineer??? Geophysicist???
by bigred77
Thu Apr 12, 2012 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: thoughts on the 50-30-20 budget?
Replies: 31
Views: 6125

Re: thoughts on the 50-30-20 budget?

Here's a related thing I am also wondering. Suppose you follow this rule of thumb, and you put the 20% saving into retirement saving. Assume good low-cost index fund and all that, and assume you're doing this for 25 - 30 years. At the end of 25 - 30 years, will you have enough to retire ? i.e. is 2...
by bigred77
Fri Apr 06, 2012 10:08 am
Forum: Personal Finance (Not Investing)
Topic: My 21 yo daughter needs to learn how to budget! Help!
Replies: 61
Views: 5121

Re: My 21 yo daughter needs to learn how to budget! Help!

All the expense items, exluding rent, is twice as much of what I currently budget, and I make twice of what she is making after tax. Just to put it in a young boglehead perspective. I live in an 1800^ft apartment with 2 roommates, both of whom love their long hot showers and AC in this Houston heat...
by bigred77
Thu Apr 05, 2012 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Advice for CPA trying to transition to Corporate Finance
Replies: 14
Views: 3872

Re: Advice for CPA trying to transition to Corporate Finance

CPA, MS in Accounting, Big 4 Work Experience... Your already 90% of the way there... You need 3-5yrs work experience and you can definately transition to fp&a at a F500 company if thats your goal. Don't worry about 6 sigma, CMA, or anything like that. Getting an MBA will be the only decision you...
by bigred77
Thu Apr 05, 2012 7:06 am
Forum: Investing - Help with Personal Investments
Topic: A New Doc Invests: A Sheep Among Wolves
Replies: 46
Views: 6312

Re: A New Doc Invests: A Sheep Among Wolves

Quit the alternative investments - all of them. If you don't have a spectacular reason for using something other than 5 core funds, then don't. Those funds are total stock, total international stock, total bond, TIPS, and tax-exempt bonds. Those 5 funds coupled with a 65% saving rate and low expens...
by bigred77
Tue Apr 03, 2012 1:23 pm
Forum: Investing - Theory, News & General
Topic: The first $500,000 is always the hardest
Replies: 260
Views: 40413

Re: The first $500,000 is always the hardest

This a great discussion and very helpful. As a younger saver in my 20s and not at the 500k mark, I'm wondering if you have any advice on how to think about saving for a house downpayment now vs. investing that money. I'm maxing out 401k and IRA, but beyond that I'm using savings to save for a downp...
by bigred77
Mon Apr 02, 2012 7:11 am
Forum: Personal Consumer Issues
Topic: Which College? 3 years or 4 years?
Replies: 83
Views: 5178

Re: Which College? 3 years or 4 years?

I would send my acceptance letter to Vanderbilt and not look back. The only other contender for me would be if your kid REALLY wants to go to UW-Madison since it may be closer to home, all his friends may be there, etc. Getting a full-ride to a school like Vandy is a VERY big deal. It looks to me li...
by bigred77
Sat Mar 31, 2012 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: How should one deal with adult children's finances?
Replies: 144
Views: 9058

Re: How should one deal with adult children's finances?

In my observations of my friends who are all between the ages 0f 22 and 30 and have at least a bachelors degree or are almost finished with one, the sooner you cut off the support, the sooner they learn what they can truly afford, and the sooner they either make better financial decisions, work to i...
by bigred77
Fri Mar 23, 2012 11:50 am
Forum: Investing - Theory, News & General
Topic: Interpreting Standard Deviation
Replies: 31
Views: 2531

Re: Interpreting Standard Deviation

Could someone help me to understand exactly what a portfolio standard deviation of 7.50 means. Does it mean that approx 65% of the time my portfolio's value will fluctuate within a band of +/- 7.50% per year. I've done a bit of reading of the wiki and believe I have it correct, but would appreciate...
by bigred77
Tue Mar 20, 2012 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Your asset allocation, and why?
Replies: 46
Views: 5621

Re: Your asset allocation, and why?

Age: 27 80/20 - Stocks:Fixed Income 15% - FXSIX - Spartan 500 Institutional Index (due too 401k limitations, but hey .03 ER). 15% - FSTMX - Spartan Total Market Index (US TSM) 20% - FSGUX - Spartan Global ex-US index 10% - IWN - Russel 2000 value index 10% - RWO - DJ Wilshire Global Real Estate Inde...
by bigred77
Wed Mar 14, 2012 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: restricted stock
Replies: 12
Views: 751

Re: restricted stock

Thanks everyone. I re-read the letter, and these are Restricted Stock Units. The irony is that I was given more of these RSUs, because I wouldn't be immediately eligible for the employee stock purchase plan. Little did they know that being a Boglehead, I am not exactly keen on using my own $ to buy...
by bigred77
Wed Mar 14, 2012 9:51 am
Forum: Personal Consumer Issues
Topic: Austin TX for the weekend; what to do and see
Replies: 11
Views: 1065

Re: Austin TX for the weekend; what to do and see

What age range and interests are we dealing with here? If younger and looking for fun nightlife I'd suggest just making your way down to 6th street around 10pm and go from bar to bar untill you find one that suits your fancy. If it doesn't grab you immediately after 15 min, just leave. You will defi...
by bigred77
Wed Mar 14, 2012 9:40 am
Forum: Personal Finance (Not Investing)
Topic: restricted stock
Replies: 12
Views: 751

Re: restricted stock

I'm sure someone else with a better understanding of the tax code will chime in but I believe there are different kinds of RSUs (restrictive stock units). I think there are also different tax strategeies that can be implemented. It can be kind of complex. (EDIT*** sorry, better explained in the post...
by bigred77
Tue Mar 13, 2012 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k - First time investment
Replies: 17
Views: 1160

Re: New 401k - First time investment

palonso3, Just a question, am i understanding you correctly that you plan to contribute 8% to your 401k, max your roth (5k) and match your roth contributions with savings at ING direct (also 5k), for each of the first 3 years while you also eliminate your student loans? Because I think that is an EX...
by bigred77
Tue Mar 13, 2012 7:23 am
Forum: Personal Finance (Not Investing)
Topic: MBA vs Other Masters Degree - Poll
Replies: 18
Views: 2608

Re:

I wasn't aware that one could have too much work experience which would lead to non-acceptance to an MBA program. I do know that Executive MBAs are geared more towards those with longer work histories (10+ typically), but I would think an MBA would still be an option. Perhaps I am wrong? Most reput...
by bigred77
Mon Mar 12, 2012 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Naive, Coddled and New to Personal Finance
Replies: 17
Views: 2558

Re: Naive, Coddled and New to Personal Finance

I think an ambitious goal for you would be just to calculate how much you would have to pay per month to have the whole thing payed off when you finish residency (4 years). My rough math would indicate around $750 dollars per month. I would also start a Roth IRA if I were you and use it as my emerge...
by bigred77
Fri Mar 09, 2012 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Job history and Mortgage.
Replies: 4
Views: 472

Re: Job history and Mortgage.

I started shopping for mortgages less than a year after I graduated from undergrad and I had no problem. The mortgage broker requested a copy of my transcripts and proof I actually graduated. If you have a good credit history (good payment history from age 18 on lets say) you probably won't have a p...
by bigred77
Thu Mar 08, 2012 11:51 am
Forum: Personal Finance (Not Investing)
Topic: American Express Blue Credit Card
Replies: 42
Views: 9337

Re: American Express Blue Credit Card

I have the AMEX Blue Cash Preffered card (it does have a $75 yearly fee) which has 6% Groceries, 3% gas, 1% everything else. We use it for ALL grocery trips and gas fill-ups; then pay it off at the end of the month. If your willing to use the card for each and every grocery/gas purchase, I think it ...
by bigred77
Thu Mar 01, 2012 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a brokerage account for Savings
Replies: 8
Views: 549

Re: Opening a brokerage account for Savings

Be aware: a brokerage checking account is not a bank checking account. Consider FDIC insurance issues as well. The Vanguard web site contains lots of information that may be useful to you: https://personal.vanguard.com/us/help/FAQBrokerageOverviewContent.jsp Some of us also use Wells Fargo and Well...
by bigred77
Tue Feb 28, 2012 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a Child's Education
Replies: 16
Views: 1007

Re: Saving for a Child's Education

My wife is a stay-at-home mother. We max out my 401k and fully contribute to both of our Roth IRAs. We fund our two kids college funds through contributions to a 529 plan. We also have no debt. There is nothing wrong with pursuing multiple goals at the same time if you want to put a relatively smal...
by bigred77
Mon Feb 20, 2012 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 29
Views: 1425

Re: Marriage and Taxes

I also wanted to see if there was any way we could file official papers 2 weeks after our wedding and save $1400 bucks. Believe me, there is no way we would delay our wedding, change the date, etc. i just thought maybe there was a way to delay filing official papers so that we would not be married ...
by bigred77
Mon Feb 20, 2012 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 29
Views: 1425

Re: Marriage and Taxes

Thanks for the responses, I guess I was under the assumption that we could "get married" i.e. have a ceremoney, reception, cake, all that good stuff on Dec 15th but just file the paperwork to become "legally married" on Jan 2 to save 1400 bucks. No the spouse would not go for no...
by bigred77
Mon Feb 20, 2012 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 29
Views: 1425

Re: Marriage and Taxes

Thanks for the responses, I guess I was under the assumption that we could "get married" i.e. have a ceremoney, reception, cake, all that good stuff on Dec 15th but just file the paperwork to become "legally married" on Jan 2 to save 1400 bucks. No the spouse would not go for no...
by bigred77
Mon Feb 20, 2012 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 29
Views: 1425

Re: Marriage and Taxes

Thanks for the responses, I guess I was under the assumption that we could "get married" i.e. have a ceremoney, reception, cake, all that good stuff on Dec 15th but just file the paperwork to become "legally married" on Jan 2 to save 1400 bucks. No the spouse would not go for not...
by bigred77
Mon Feb 20, 2012 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 29
Views: 1425

Marriage and Taxes

So after just completing my taxes for 2011 I began thinking about next year. The big change in my life is I will be getting married during 2012 and I think this will have a pretty big impact on my taxes. I'm not an expert but I wonder of some people on this board can give me a second opinion on my a...
by bigred77
Mon Feb 20, 2012 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: when did you start to max out 401k?
Replies: 58
Views: 6516

Re: when did you start to max out 401k?

24. Annual base salary 160K, but worked only the last 2.5 months of the year - had to contribute 60% of each paycheck to hit the max. Not meaning to hijack this thread, but holy sheet Batman, annual base salary of $160k? At 24??? What the hell do you do???? I'm only asking because at 35, as a Capta...
by bigred77
Thu Jan 12, 2012 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Newbie.. help with Fidelity
Replies: 4
Views: 581

Re: Newbie.. help with Fidelity

I'll add that for your IRA's and/or taxable money at Fidelity, The iShares ETFs are pretty good for when your just starting out. Fidelity can have some fairly high minimums on their Spartan funds but they offer 30 ETFs that you can buy and sell totally commision free (and their ERs are actually pret...
by bigred77
Wed Nov 02, 2011 1:28 pm
Forum: Investing - Theory, News & General
Topic: If You Won the Lottery
Replies: 30
Views: 2763

Re: If You Won the Lottery

Fantasizing about winning the lottery is always a fun pastime. It's kind of a downer to do it the more you learn about annuities and tax law though. If you win X in the lottery, i think most here would take the lump sum, which is really X/2 if you wanna keep it simple.. Tax on that amount is easily ...
by bigred77
Wed Nov 02, 2011 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Ultimatum Game - Your vote
Replies: 75
Views: 4095

Re: Ultimatum Game - Your vote

This is really just a testament to a major flaw in economic theory which is the assumption that all people act rationally and logically. Even in the 10 dollar game, if the second person is offered a dollar (or taken to the extreme, a penny) that person should logically accept because he is better of...
by bigred77
Mon Oct 10, 2011 1:08 pm
Forum: Personal Consumer Issues
Topic: Living together without marrying ...
Replies: 60
Views: 4598

My current fiance and I moved in together before we were engaged but both knew we were committed to getting married. Our situation was I had been out of college for 18 months, living at home. In 18 months I had payed off all undergrad student debt, payed off my car, and saved some money to move out ...
by bigred77
Thu Oct 06, 2011 2:32 pm
Forum: Investing - Theory, News & General
Topic: Scrooge McDuck Versus John C. Bogle?
Replies: 16
Views: 2500

Anyone who places Scrooge McDuck over John Bogle on the list of top investment minds is suffering from extreme recency bias.

You can clearly see from the pictures Scrooge McDuck only benefitted from the recent run up in Gold. Before that, Scrooge was barely keeping up with inflation.!!!
by bigred77
Thu Oct 06, 2011 2:25 pm
Forum: Investing - Theory, News & General
Topic: For the 20 somethings...
Replies: 25
Views: 3007

Mid 20s here. Maxed my Roth IRA for the past 3 years. Currently contribute 18% to my 401k, have been trying to max that out as well but I just can't yet until I get a few more raises (I’ve been lucky in that my company has a VERY generous matching program. It sure was a nice coincidence that I start...
by bigred77
Tue Oct 04, 2011 10:48 am
Forum: Personal Finance (Not Investing)
Topic: ? for Finance Professionals - "Bloomberg Assessment Tes
Replies: 1
Views: 771

? for Finance Professionals - "Bloomberg Assessment Tes

Everyone, I have a question for everyone out there about the “Bloomberg Assessment Test” or BAT, administered by the Bloomberg Institute. Has anyone who works in finance heard of this test? Taken this test? Have an opinion of this test? My university’s MBA program is proctoring this test and I can t...
by bigred77
Fri Sep 02, 2011 11:15 am
Forum: Investing - Theory, News & General
Topic: Will investor really get rewarded for taking risk?
Replies: 15
Views: 1864

Re: Will investor really get rewarded for taking risk?

I'm currently listening to "The Investor's Manifesto" audio book. The author mentioned that investors who invest in stocks will eventually get rewarded for their willingness to take the risk because if it's otherwise nobody will be willing to buy stocks. He mentioned something about risk ...
by bigred77
Thu Aug 18, 2011 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Does basketball count as work experience for B-School?
Replies: 15
Views: 1927

Just came across this today ironically. You may find it relevent:


"Have B-Schools become debtors prisons?"

http://management.fortune.cnn.com/2011/ ... =H_PF_News
by bigred77
Thu Aug 18, 2011 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Does basketball count as work experience for B-School?
Replies: 15
Views: 1927

bobbydigital, I think you may struggle to get into a top tier school with your major and pro basketball as your only work experience. You can probably get into a second or lower tier B-school though. Your GMAT will be pretty important. Top schools want anywhere from 2-5 years of professional busines...
by bigred77
Tue Aug 02, 2011 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Sad insight into how young workers view retirement
Replies: 102
Views: 13290

1. Alot of Gen Y just doesn't seem to "get" why its so beneficial to start saving for retirement as early as possible. Most people I know either don't participate in their employers 401k plan or contribute just enough for the match. None I know have opened any kind of IRA. I live in a low...
by bigred77
Tue Aug 02, 2011 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Sad insight into how young workers view retirement
Replies: 102
Views: 13290

I'm 28, I'm in 'Generation Y' (just). One thing I've noticed, is theres a lot of animosity thrown our way for some unknown reason. Some older folks in particular [not here] seem to almost gleeful to kick us while we're down. See: http://www.google.com/search?client=ubuntu&channel=fs&q=gener...

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