Search found 460 matches

by dsmil
Fri Jul 20, 2012 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Cards - authorized user???
Replies: 2
Views: 432

Re: Credit Cards - authorized user???

I don't believe that an authorized user's credit is affected. This simply means that they are allowed to use the card.
by dsmil
Tue Jul 17, 2012 8:59 am
Forum: Investing - Theory, News & General
Topic: Post your AA
Replies: 135
Views: 18544

Re: Post your AA

Age: 25

US Equity 45%
US REIT 10%
US Small Cap Value 9%
International Equity 21%
International Emerging Markets 7%
US Bonds 8%
by dsmil
Mon Jul 16, 2012 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Young boglehead becoming a financial advisor
Replies: 15
Views: 2333

Re: Advice Needed - Young boglehead becoming a financial adv

Thanks for the advice, but wow it's pretty sad that a guy can't just give some friendly advice to some recent college graduates who have no idea what they are doing with money. Hey, at least the time can instead be spent working on my golf game.
by dsmil
Mon Jul 16, 2012 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Young boglehead becoming a financial advisor
Replies: 15
Views: 2333

Advice Needed - Young boglehead becoming a financial advisor

Hello Bogleheads, I have been thinking about starting up a small financial advisory practice in the DC area, to help young people like myself with their money. As I have been working in public accounting for the past 3 years, I've realized that most people my age (20's) know nothing about money (eve...
by dsmil
Thu Jun 14, 2012 1:49 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 439
Views: 183080

Re: TV show recommendations?

Curb Your Enthusiasm, Seinfeld, The Office, PTI
by dsmil
Fri Jun 08, 2012 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: CPA exam
Replies: 39
Views: 5851

Re: CPA exam

I used the Wiley cd-rom testbanks and Wiley books, and passed last fall. It was definitely an effective and cheaper way to do it since I'm not a good listener. You can only re-sell the testbanks on ebay and make decent money back. I'm an auditor in public accounting and my order from hardest to easi...
by dsmil
Wed Mar 28, 2012 11:19 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 125170

Re: Boglehead Beer

Just picked up six packs of some beers that I had never tried before: Founders Red's Rye, Victory Storm King Stout, and Unibroue Trois Pistoles. So far I've tried the Founders Red's Rye beer and it is now definitely one of my top 5 beers. http://beeradvocate.com/beer/profile/1199/16074 http://beerad...
by dsmil
Tue Mar 27, 2012 8:21 am
Forum: Personal Finance (Not Investing)
Topic: W-2C: Need to amend return?
Replies: 1
Views: 234

Re: W-2C: Need to amend return?

I also received a W-2C which actually would have helped me get another couple of bucks. I forgot about it, filed, and received my refund. I have no idea whether this would trigger an audit but I'm assuming that since you owe more without filing it, than it shouldn't matter...just a guess though.
by dsmil
Fri Dec 09, 2011 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Total Insanity--sport star compensation
Replies: 148
Views: 6754

Re: Total Insanity--sport star compensation

Let's say Pujols gets $5k more in the seats per game x $100 spent x $81 home games x 10 years = $405 Million in revenue added. Baseball players get a ton of money but it's worth it considering how much revenue they produce.
by dsmil
Tue Nov 22, 2011 10:23 am
Forum: Personal Finance (Not Investing)
Topic: CPA Exam Cost (What would you do?)
Replies: 34
Views: 2573

Re: CPA Exam Cost (What would you do?)

You don't need to spend thousands on a review course, although most people do. I started using a review course and found that it didn't work for me. I then bought the Wiley HomeStudy Books and the Wiley Test Bank and passed my tests. You could get everything you need for about $400 or get it even ch...
by dsmil
Wed Nov 09, 2011 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Median net worth in US by age
Replies: 84
Views: 11242

Re: Median net worth in US by age

The decrease in net worth for young people must be student loans. For people who studied something useful in college and got a good job, their net worth is probably lower than average in their low 20's but will then increase because of earning potential....at least that's what I'm telling myself! $5...
by dsmil
Thu Nov 03, 2011 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1925

Re: Should I Try To Catch Low Mortgage Rates?

On the non-financial side, make sure you allocate some of those funds for being young and having fun. When my wife and I were that age we made sure to travel and enjoy the beautiful city we were living in. Ten years on, with kids and a less exciting living situation, I'm glad that we did instead of...
by dsmil
Thu Nov 03, 2011 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1925

Re: Should I Try To Catch Low Mortgage Rates?

Thanks for the input! Our plan for now is to put all of our extra money towards paying off our high interest student loans, and then saving for a down payment. $40k of our $92k student loans are at 8%, and we will try to pay them off in 2 years, along with making the standard 10 year repayment payme...
by dsmil
Fri Oct 28, 2011 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1925

Re: Should I Try To Catch Low Mortgage Rates?

Thanks for the feedback so far! I think it could come down to making financial sense vs. the fact that I'd much rather be living in a townhouse on a golf course rather than an apartment for the next 5 years!
by dsmil
Fri Oct 28, 2011 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1925

Re: Catching low mortgage rates VS. investing VS. loan pmts.

I would increase the emergency fund to six months expenses then hit the student loan. 7% is a high interest rate and the interest is likely not tax-deductible due to your income. Another choice would be to max out both Roth IRAs then send the rest to the loans. -Steph Thanks Steph, your answer is d...
by dsmil
Thu Oct 27, 2011 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1925

Should I Try To Catch Low Mortgage Rates?

Hello Bogleheads, After our average monthly expenses, minimum student loan payments, contributing up to my company's 401k match, $100 to a Roth, and my wife's pension, we have an average of $1k left over per month. My question for you guys is what should we do with this money? I know that convention...
by dsmil
Tue Sep 20, 2011 5:25 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 363901

"The Snowball: Warren Buffett and the Business of Life"
by dsmil
Wed May 25, 2011 3:10 pm
Forum: Personal Consumer Issues
Topic: Does Anyone Else Love Morningstar (Burgers)?
Replies: 44
Views: 4150

Commodore Perry IPA is pretty good, not my favorite from Great Lakes but still a good one...just finished a 6 pack of those last week. Edmund Fitzgerald is amazing if you haven't had that yet.
by dsmil
Mon May 23, 2011 8:20 am
Forum: Personal Consumer Issues
Topic: Boglehead Hamburgers: Wendy's vs McDonalds
Replies: 107
Views: 10129

I'd go wendy's over mcdonalds and burger king over both. Five Guys over all of them but I guess they aren't quite in the same class.
by dsmil
Sun May 22, 2011 4:30 pm
Forum: Personal Consumer Issues
Topic: Bread Machines
Replies: 26
Views: 2904

Just bought a Cuisinart one and the first loaf was great!
by dsmil
Sun May 22, 2011 3:16 pm
Forum: Personal Consumer Issues
Topic: Buying Computer Battery
Replies: 14
Views: 2006

Re: Buying Computer Battery

HearDoc wrote: Ebay. Some place from China will have a reasonable battery for a quarter of the price that will last 85% of an expensive battery. One caveat: takes about two weeks to get here. Buy a two, postage is often the same price for multiple items.


Agreed!
by dsmil
Wed May 04, 2011 11:37 am
Forum: Personal Finance (Not Investing)
Topic: You know you are a personal finance boglehead when....
Replies: 51
Views: 5323

When you are currently stalking ebay all day for the best bargain on used golf balls.
by dsmil
Tue May 03, 2011 8:41 am
Forum: Personal Consumer Issues
Topic: Best Barbequed Steak method
Replies: 42
Views: 4241

If it's raining outside, a good way to make steak is to pan sear each side for one minute on high heat. Then transfer the pan and steak from the stovetop to the oven, on 450 for 5-10 minutes depending on preference. Pan searing gives it a nice color on the outside while the inside is controlled by t...
by dsmil
Mon May 02, 2011 3:40 pm
Forum: Personal Consumer Issues
Topic: eBay - duped by Chinese fake product
Replies: 30
Views: 3395

I also had a problem buying the Insanity DVD's a couple weeks ago from someone in Asia. They took my money through paypal, but I then got an error message, and the product didn't appear as purchased by me. I wrote an email to them, which they didn't respond to, but they quickly refunded me the money.
by dsmil
Wed Apr 27, 2011 10:15 am
Forum: Investing - Theory, News & General
Topic: Equity Allocation Question?
Replies: 5
Views: 668

Most people probably have 25-40% of their equities in international, but if you want to do 50/50 than I'm sure that's fine. The Vanguard Total World ETF (VT) has 54% international.

http://www.mymoneyblog.com/choosing-an- ... ratio.html
by dsmil
Tue Apr 26, 2011 2:26 pm
Forum: Personal Consumer Issues
Topic: Funniest movies of all time? Name five of your favorites...
Replies: 172
Views: 26276

Office Space
by dsmil
Mon Apr 11, 2011 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Converting Non-Vanguard Traditional IRA to Vanguard Roth IRA
Replies: 3
Views: 589

One other thing. You mention moving funds into "our Roth Account." IRA's are for individuals only.....not the both of you. Good point, I have a Roth with Vanguard but I guess we'll have to open one up for my wife to put the funds in. The amount is very small so we're not worried about the...
by dsmil
Mon Apr 11, 2011 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Converting Non-Vanguard Traditional IRA to Vanguard Roth IRA
Replies: 3
Views: 589

Converting Non-Vanguard Traditional IRA to Vanguard Roth IRA

Hello Bogleheads,

Converting a Traditional IRA to a Roth held by Vanguard seems easy, but what if the traditional IRA is held somewhere else? In my case, we have a traditional IRA at Bank of America that we'd like to move into our Roth account at Vanguard.

Thanks
by dsmil
Wed Apr 06, 2011 6:35 pm
Forum: Personal Consumer Issues
Topic: Utility Bills
Replies: 104
Views: 15486

$8 Gas
$30 electric

520 sq ft apartment :D
by dsmil
Mon Mar 07, 2011 5:44 pm
Forum: Personal Consumer Issues
Topic: Name your top favorite tv shows
Replies: 188
Views: 28995

1) Curb Your Enthusiasm
2) The Office
by dsmil
Fri Mar 04, 2011 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I go to] Law School
Replies: 77
Views: 11521

http://www.mymoneyblog.com/distribution-of-law-school-graduate-starting-salaries.html This is a distribution of starting salaries for law school graduates in 2009. Keep in mind that this doesn't include the unemployed. It seems like the people at the top schools do very well >150k and most of the ot...
by dsmil
Fri Feb 18, 2011 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

FrugalInvestor wrote:
What is a "very long time" in your book?


Probably 5-7 years...not "very long" I guess.
by dsmil
Fri Feb 18, 2011 11:34 am
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

I think you would be hard pressed to find a lender to actually give you a loan with only 5% down, especially at your age and with the current banking requirements. I'm in my mid-thirties, and both my husband and my credit scores are north of 780. We were considering a home purchase last year, and g...
by dsmil
Fri Feb 18, 2011 11:25 am
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 535
Views: 118250

I buy whatever I can on ebay, especially things that I know that I'll constantly use, such as shaving razors and printer ink. Also, any kind of electronic accessory is usually made in the Far East and sold cheaply on ebay. I also bought some barely used golf clubs for 80% off the normal selling price.
by dsmil
Fri Feb 18, 2011 11:12 am
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

I would put 20% down minimum (on a car or house loan), if you cant put it then you cant afford it. The homes we'd be looking at would be around 2.5x our income. I believe that we could afford that, even without having 20% down. The reason we haven't saved for 20% down is because we graduated school...
by dsmil
Thu Feb 17, 2011 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

slug wrote:
There is still pain to be felt in the real estate market. Can you let us know where you're located?


Right now in DC, but we'd probably get a future house around Annapolis, MD.
by dsmil
Thu Feb 17, 2011 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

Each person needs to decide his/her own comfort level on household leverage. Of course, more equity is generally always better. But, I know many want to go ahead and start in home ownership. I don't really have advice on that. But, I will add that it should be possible to only put down 5% and still...
by dsmil
Thu Feb 17, 2011 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

Another option for us could be a rent-to-own property. I haven't looked much into it but it sounds like a way to get into the house but still be able to save for a larger down payment.
by dsmil
Thu Feb 17, 2011 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

Thanks for the response. Avoiding PMI and putting 20% down would take a very long time, so it probably won't be happening. Of course the more we put down would mean that we pay PMI for less years.
by dsmil
Thu Feb 17, 2011 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: How important is a large downpayment?
Replies: 38
Views: 3911

How important is a large downpayment?

Hello Bogleheads, Given the current interest rates (still low but rising) and low home prices, how important would you say having a large down payment is rather than buying a house sooner? I'm 23, my wife and I are in stable fields (teaching and accounting), and we should have a 6 mo. emergency fund...
by dsmil
Thu Feb 10, 2011 2:02 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 125170

Yuengling is the Boglehead Beer...Good value + Pennsylvania

But, I'd rather have:
-Dogfish Head Indian Brown Ale
-Great Lakes Edmund Fitzgerald
-Sierra Nevada Celebration Ale
by dsmil
Wed Jan 12, 2011 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: ETF's - Rebalancing too often vs. contributing less often
Replies: 7
Views: 839

You're kidding, right? Invest in the ones that have performed the worst in the previous month. Invest in the ones that are most underweight according to your asset allocation. This is what I do now, I guess I misunderstood what you suggested. I just invest in the ones that are the most underweight ...
by dsmil
Wed Jan 12, 2011 2:39 pm
Forum: Investing - Theory, News & General
Topic: bid/ask spread for ETFs
Replies: 51
Views: 5039

Re: bid/ask spread for ETFs

1) The bid/ask spread is basically a percentage. So assuming the spread doesn't change, selling 100 shares costs me the same as selling 50 shares twice. This is how I see things too. I would think that the amount of trades wouldn't matter as long as the total dollar amount invested is the same.
by dsmil
Wed Jan 12, 2011 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: ETF's - Rebalancing too often vs. contributing less often
Replies: 7
Views: 839

Since the dollar amounts are small, I would invest in one or two ETFs per month and make no other trades in that month except for occasional tax-loss harvesting*. That is, I would not make extra trades to rebalance, but would only use new money to rebalance. *Yes, I know TLH does not apply to Roth ...
by dsmil
Wed Jan 12, 2011 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: ETF's - Rebalancing too often vs. contributing less often
Replies: 7
Views: 839

I would think it best to limit the amount of transactions when purchasing an ETF, since you pay a commission on each trade. If you are going to stick with ETFs, I think it would be more cost effective to contribute once every few months. It would probably be prudent to also limit rebalancing to avo...
by dsmil
Wed Jan 12, 2011 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Performance? % return? XIRR?
Replies: 26
Views: 2701

The 13.11% calculation may be an annualized amount which includes dividends. Your 7.72% calculation is not annualized, it's just a return. If you want to annualize it, you could take your 7.72% x (365 days/263 days)= 10.71% The 263 days is the amount of days that you held the fund, but if you spread...
by dsmil
Wed Jan 12, 2011 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: ETF's - Rebalancing too often vs. contributing less often
Replies: 7
Views: 839

ETF's - Rebalancing too often vs. contributing less often

Hello Bogleheads, Current Allocation (no taxable accounts): 45% Total US (VTI) 21% Total International (VEU) 10% REIT (VNQ) 9% Small Cap Value (VBR) 8% Bonds (BND) 7% Emerging Markets (VWO) I'm 23 and currently contribute a few hundred per month between my 401k and Roth. Since my dollar amounts are ...
by dsmil
Wed Jan 12, 2011 12:43 pm
Forum: Personal Consumer Issues
Topic: TV series to recommend?
Replies: 139
Views: 15794

Curb Your Enthusiasm is a prettahhh, pretahhh, pretahhh good show
by dsmil
Sun Jan 09, 2011 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Best Bond ETF for a young investor?
Replies: 8
Views: 1778

Best Bond ETF for a young investor?

Hello Bogleheads, Current Allocation (no taxable accounts): 45% Total US (VTI) 21% Total International (VEU) 10% REIT (VNQ) 9% Small Cap Value (VBR) 8% Bonds (BND) 7% Emerging Markets (VWO) I'm 23 and have had the bond portion of my portfolio invested in BND (total bond market). Would a more aggress...
by dsmil
Fri Oct 22, 2010 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Including daycare in mortgage affordability
Replies: 14
Views: 2112

Watty wrote:Another option to consider. When my son was little, my wife took care of him and provided daycare for several kids in our house for several years.

Greg


We've been thinking about this and it does sound like a good idea.

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