Search found 1431 matches

by guitarguy
Thu Jan 13, 2011 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help us prioritize...
Replies: 8
Views: 1177

How about: after emergency fund is where you want it to be… $100/Roth, $100/car, $525 student loans. Nothing extra towards the mortgage at this point. That sounds close to what I was thinking. I really want to go with Vanguard as my end game, so starting somewhere else and moving everything around ...
by guitarguy
Thu Jan 13, 2011 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: cost of living, what does that even mean?
Replies: 15
Views: 2224

Cherokee8215 wrote:If you are the kind of person who eats ramen noodles 3 times a day, wears tshirts to work, keeps the heat on 55, and reads library books for entertainment, then you might not notice an increase in the cost of living.


:lol:
by guitarguy
Thu Jan 13, 2011 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help us prioritize...
Replies: 8
Views: 1177

Help us prioritize...

My wife and I would like opinions on how to prioritize starting a Roth IRA/contributions vs E-Fund vs prepaying student loans vs prepaying mortgage vs additional savings for car and 1st baby fund. Yee haw! We're expecting a $4k tax return in March. This is our first time filing married and I know we...
by guitarguy
Thu Jan 13, 2011 12:48 pm
Forum: Personal Consumer Issues
Topic: I get $600/mo car lease reimbursement. What would you do?
Replies: 46
Views: 6655

I've read that owning/paying on expensive cars is one of the biggest inhibitors of wealth building...just sayin'...but we all have our thing. I've got $10k wrapped up in guitars and amps and equipment, but as I tell my wife, hey I get paid to perform with that stuff a few times a month...so it doesn...
by guitarguy
Thu Jan 13, 2011 12:15 pm
Forum: Personal Consumer Issues
Topic: Training a Dog
Replies: 60
Views: 6429

Re: Training a Dog

We hope to checkout training collars this weekend - do you one you particularly had success with? I'm guessing a prong collar would be ideal? Tread carefully here. A prong collar has its place, but....it can also severely injure the dog (seen it), your timing must be absolutely perfect (unlikely at...
by guitarguy
Wed Jan 12, 2011 9:33 pm
Forum: Investing - Theory, News & General
Topic: 21% return from Vanguard Index fund?
Replies: 74
Views: 8596

I'll just chime in with my 2 cents... I'm 26, and I came to this forum dead set on going 100% stocks. I quickly was advised otherwise, and after doing more additional research on my own. I decided on an 85/15 split, diversified in Target Funds to start. Still aggressive, but diversified. My thought ...
by guitarguy
Wed Jan 12, 2011 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: celebrating second day of not watching portfolio performance
Replies: 25
Views: 2854

livesoft wrote:Did you see the market is on a tear today? It's up almost 6%. :) :)


Way to taunt him and get him back on the sauce :lol:
by guitarguy
Wed Jan 12, 2011 3:07 pm
Forum: Personal Consumer Issues
Topic: Car buying and financial ratios - what do Bogleheads do?
Replies: 100
Views: 9913

Priority is 1) Safety (air bags, traction control) 2) Comfort (comfy seats, heated seats etc) 3) Convenience (doesn't break down and leave us stranded) 4) Economy (pay no more than necessary to get the above 3) Higher priority in comfy seats than not breaking down and leaving you stranded!? I'd cal...
by guitarguy
Wed Jan 12, 2011 1:39 pm
Forum: Personal Consumer Issues
Topic: Training a Dog
Replies: 60
Views: 6429

Re: Training a Dog

His bad habits are: 1.) Jumping on the couch (he does this regardless if we're on it or not) 2.) Stealing things and making us catch him (he doesn't ruin the items) 3.) Jumping up to the counter to pull down towels (he won't take food or any other items - just towels that are close enough to get wi...
by guitarguy
Wed Jan 12, 2011 12:43 pm
Forum: Personal Consumer Issues
Topic: Verizon Will Offer the iPhone Next Month
Replies: 39
Views: 4159

mmmodem wrote:If they keep the current data plans of $15 for 150 mb of data.


The current AT&T plan is actually $15/m for 200MB of data...which is absolutely more than enough.
by guitarguy
Wed Jan 12, 2011 12:38 pm
Forum: Personal Consumer Issues
Topic: A question for you gmail users
Replies: 33
Views: 4984

Re: A question for you gmail users

This is the best news I've heard all week. I will be encouraging all my middle-aged relatives to switch to gmail. :D Why? Don't you want to know when Microsoft is giving away $1 million to each user for testing their browser and other such special opportunities? :lol: Switch to Gmail and get a MAC!...
by guitarguy
Wed Jan 12, 2011 12:24 pm
Forum: Personal Consumer Issues
Topic: Car buying and financial ratios - what do Bogleheads do?
Replies: 100
Views: 9913

Before you buy the used Lexus, check out a new Camry XLE. You can get a fairly high level of luxury, a new car (rather than a 2008), and save 10K besides. IMO, the performance of the 4 cyl is so good, you don't need the 6 cyl. You have to test drive one to appreciate it. Jeff Um, the Lexus LS has a...
by guitarguy
Wed Jan 12, 2011 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Furnace/AC Filters - 5" v 1"
Replies: 29
Views: 12438

earlyout wrote:I purchase good 1" 3M furnace filters direct from Amazon. I think there were 6 in the box but the price per filter was about 15% less than Home Depot. Add the savings from not paying sales tax was a bonus!

EO


I buy the same kind...I'm going to look into Amazon as well!! 8)
by guitarguy
Wed Jan 12, 2011 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance
Replies: 12
Views: 3345

+1 for dropping the collision...cars are old and have a lot of miles, etc etc. I'd check out AAA. I have them for auto and home. They offer many of the same discounts you state, as well as an additional for a close commute to work, and for having a credit union membership (for this I keep $5 in a ch...
by guitarguy
Wed Jan 12, 2011 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Saving for House
Replies: 7
Views: 1548

Re: Saving for House

+1 for CDs and high yield online savings accounts.

That's where I keep all my short-ish term savings. I have mine in Ally earning 1.08% in their online savings account, but that's an emergency fund. The CD rates for your stated timetable might be better.
by guitarguy
Wed Jan 12, 2011 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Considerations when building E fund
Replies: 4
Views: 691

Beantown85 wrote:I just use monthly expenses that can't be avoided, mortgage, grocery, utilities, etc.

But, I've never heard of someone who encountered disaster because their E-Fund included too much.


My thought exactly, but it's a matter of when to prioritize extra student loan payments.

Thanks!
by guitarguy
Wed Jan 12, 2011 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Question about 1099 Income
Replies: 4
Views: 1022

I work as a musician and get 1099s from venues. I run the business side of things for our band also, paying the other band members as contract workers. I receive 1099s from our employers, keep track of all my mileage and expenses on a schedule c, and also 1099 my bandmates foe the income I paid them...
by guitarguy
Wed Jan 12, 2011 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Furnace/AC Filters - 5" v 1"
Replies: 29
Views: 12438

I'd make sure to use the proper filter that is supposed to be used with your furnace #1. If you can use either...IMO a good quality 1" is all you need. We have 2 dogs so lots of pet dander, and the 1" does fine for us.
by guitarguy
Wed Jan 12, 2011 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Considerations when building E fund
Replies: 4
Views: 691

Considerations when building E fund

Fairly simple question I would guess: When calculating how much to stick in your E fund, should you include typical monthly savings acct and Roth IRA contributions as monthly expenses? Or just simply include bills/mortgage/etc as expenses? Obviously it can't hurt to just include them in your calcula...
by guitarguy
Tue Jan 11, 2011 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: 32 year old - beggining investor - roth ira advice
Replies: 22
Views: 4202

If you're in the 25% bracket...you may want to seriously consider some tax sheltered investments (401k or traditional IRA). A trad IRA might not be tax deductible though because you have an employer sponsored plan though...not sure. If I were you in that high of tax bracket, I'd lean away from Your ...
by guitarguy
Tue Jan 11, 2011 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: 32 year old - beggining investor - roth ira advice
Replies: 22
Views: 4202

Do either of you have a 401k available, especially one that has a company match? That is a biggie...free $. Also, what tax bracket are you in? It may not be your best choice to go all Roth. My wife and I contribute enough to our (albeit expensive) 401k accounts to get the full company match and knoc...
by guitarguy
Tue Jan 11, 2011 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Expensive 401k, Want to Invest in Roth IRA
Replies: 10
Views: 1029

The true Bogleheds will correct me if I'm wrong here, but I'd continue to contribute to the 401k enough to get the full match even though it's expensive. It's still free $ right? After contributing enough to get your full match, stick the rest of it in cheaper alternatives in your Roth or wherever m...
by guitarguy
Tue Jan 11, 2011 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Just starting out, questions regarding 401k and savings
Replies: 7
Views: 886

+1 on Bob's opinion (even though that's not his name) :lol: Why would you quit your job without lining something up first? I couldn't imagine doing that, especially in this economy. Out of sheer curiosity, what's your reasoning there!? Also, I don't think contributing to a Roth is your best bet eith...
by guitarguy
Tue Jan 11, 2011 7:49 am
Forum: Personal Finance (Not Investing)
Topic: How do you get paid - Salary or Commission / Fee-Based?
Replies: 21
Views: 2221

Salary + 1H and 2H bonus + Contract wages from working as a musician on the side Being a musician, some places will try to hire you for a % of the door or a % of what the venue makes...we won't play those gigs because (like commission sort of) you could end up with nothing if your employer has a bad...
by guitarguy
Mon Jan 10, 2011 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Best Money Market for Emergency Fund?
Replies: 45
Views: 6812

When things get back to normal a MMF is a great choice for your e-fund and I'd consider Prime if I were you. [Emphasis added] Do you think it's normal that a MMF pay more than a high-yield online bank? In my small amount of research on this I found them to be very similar, at least right now. I hav...
by guitarguy
Mon Jan 10, 2011 4:21 pm
Forum: Investing - Theory, News & General
Topic: Your Least Important Investment Decisions for 2011
Replies: 52
Views: 7287

NAVigator wrote:I have $23.76, where should I put it?


Blow it all on beer, cigarettes, and lottery tickets.
by guitarguy
Mon Jan 10, 2011 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: 22 year old looking for first time mortgage advice
Replies: 45
Views: 5673

Also I would recommend moving away from where you grew up and taking a new job in new state or country and get a different perspective while you are young. If you indeed want to do that. There's nothing wrong with buying a house near where you grew up. I bought my house about 10 miles from where I ...
by guitarguy
Mon Jan 10, 2011 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Newly married...mortgage interest deduction/prepayment?
Replies: 5
Views: 794

I would take the guaranteed 5.125% return and make extra payments to the mortgage if the interest is less than the standard deduction. Agreed, as long as OPs job is secure and he/she can afford the extra payments. OP: If you were unaware of it, you might also want to check this out! - Porcupine Tha...
by guitarguy
Mon Jan 10, 2011 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for new credit card; what are you using?
Replies: 59
Views: 7163

+1 more for Chase Freedom. I use this for most of the bills and everyday spending and what not...of course paying the balance off in full every month. The bank must hate people like me (any likely many of us on here)! :lol: I also have a BP visa I use solely for gas. 5% back (10% back for the first ...
by guitarguy
Mon Jan 10, 2011 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Newly married...mortgage interest deduction/prepayment?
Replies: 5
Views: 794

Newly married...mortgage interest deduction/prepayment?

Hi all. This will be our first year filing married jointly. Last year, I got a nice return because of the mortgage interest deduction. This year however, I'm thinking I might not be able to (or rather want to) itemize because the standard deduction will be larger. Is this common for newly married co...
by guitarguy
Mon Jan 10, 2011 12:29 pm
Forum: Investing - Theory, News & General
Topic: Should I even bother saving for my kids' college costs?
Replies: 28
Views: 5670

Just to throw in my 2 cents, My wife and I are in a slightly similar situation, although on a smaller scale. Our combined income is about $85k, and we have about $50k left in student loan debt. While putting as much toward retirement as we can and prepaying loans a little at a time also, we're still...
by guitarguy
Fri Jan 07, 2011 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Request for Portfolio Review for a fresh college graduate
Replies: 47
Views: 5714

I'm still not sure if I should have a Traditional or Roth 401(k). I suppose it could be nice to dodge some taxes for now, but it seems dumb to dodge and pay later vs. not pay them at all (like in a Roth). Remember your $ is taxed before you put it into the Roth (obviously) so you're still paying......
by guitarguy
Thu Jan 06, 2011 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: I survived the global financial crisis with 2 Vanguard funds
Replies: 8
Views: 1584

I took your post for the good advice to stay the course...which is vital for someone young like myself.

Glad to hear things worked out well for ya. 8)
by guitarguy
Thu Jan 06, 2011 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice for Mid 20's
Replies: 8
Views: 1982

What size is your current portfolio? I'm in a similar situation as you...and some of the most prominant bogleheads on here recommended I go with Target funds for now in my 401k and my Roth. My 401k ER is 1.08 (I know...it was tough for me to swallow but read on) for the TF and will be much lower in ...
by guitarguy
Thu Dec 23, 2010 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on: My 401(k), Wife's 401(k), and Roth IRA
Replies: 46
Views: 3508

your current allocation in your 401k isn't necessarily any better than just getting a target fund. Maybe slightly lower expenses due to having a good slug in the low cost index, but that's about it. In the end, that's what I thought as well. I allocated everything over to the 2040 target fund, whic...
by guitarguy
Thu Dec 23, 2010 4:00 pm
Forum: Investing - Theory, News & General
Topic: How 'risky' should a mid-20s investor be?
Replies: 91
Views: 7774

Have you decided on your domestic/international split? Per overwhelming recommendation on this forum, and because of my low balance, I've decided to go with a Target Fund. My only options were 95/5 or 85/15...I went with 85/15. It believe it has 21% international. My issue was, all the funds in my ...
by guitarguy
Thu Dec 23, 2010 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Portfolio Advice
Replies: 48
Views: 5024

So she'll be getting close to 3 months of income paid in a lump sum. Just a thought here... Depending on how much $ this is of course, one idea could be to rock & roll on your high interest debt now and use this lump sum to supplement your emergency fund savings that you're currently building u...
by guitarguy
Thu Dec 23, 2010 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: House Fund
Replies: 54
Views: 5204

Chapman, I know that you will take this with a huge grain of salt but...reconsider marrying your girlfriend... Come on now don't adivse the man to break off his relationship and run for the hills so fast! :twisted: Just talk about things dude. If she is unwilling to compromise on important issues w...
by guitarguy
Thu Dec 23, 2010 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on: My 401(k), Wife's 401(k), and Roth IRA
Replies: 46
Views: 3508

OK...I know I'm beating this to death, and I hope I'm not making you all mad (Laura lol)...but I've always been a believer that the only dumb question is one you needed the answer to but never asked. So... I looked a little deeper into the TFs that are available to me. It seems that the underlying ...
by guitarguy
Thu Dec 23, 2010 12:05 pm
Forum: Investing - Theory, News & General
Topic: Are target funds the best bet for young investors?
Replies: 21
Views: 2318

I guess I just hate the fact that Vanguard for example has a TF with an ER of 0.2...and here I am stuck paying 1.0+ Yeah, we all feel that pain....but it really is a glass-mostly-empty sort of view. See if you can change your view point to just being happy you have the opportunity to even use a 401...
by guitarguy
Thu Dec 23, 2010 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on: My 401(k), Wife's 401(k), and Roth IRA
Replies: 46
Views: 3508

OK...I know I'm beating this to death, and I hope I'm not making you all mad (Laura lol)...but I've always been a believer that the only dumb question is one you needed the answer to but never asked. So... I looked a little deeper into the TFs that are available to me. It seems that the underlying f...
by guitarguy
Thu Dec 23, 2010 11:39 am
Forum: Investing - Theory, News & General
Topic: Are target funds the best bet for young investors?
Replies: 21
Views: 2318

I see that your 401k is unusual - you actually can cobble together something a little cheaper. But the for portfolio as a whole (your 401, her 401, your Roth, her Roth) I'm not so sure. Of course, you could mix and match (you use separate funds, wife use target funds), but that really mucks up the ...
by guitarguy
Thu Dec 23, 2010 9:14 am
Forum: Investing - Theory, News & General
Topic: Are target funds the best bet for young investors?
Replies: 21
Views: 2318

darga, I looked at one of your other threads and see that Laura proposed you use target funds for the time being. Laura knows more about portfolios than most folks here. If I were you, I'd just follow her advice. No doubt. I just wanted to get a broad general opinion from as many as possible. I'm i...
by guitarguy
Thu Dec 23, 2010 9:05 am
Forum: Investing - Theory, News & General
Topic: How to Properly Rebalance a 401(k) Portfolio
Replies: 8
Views: 1093

How to Properly Rebalance a 401(k) Portfolio

Say you're 90/10 in equities for example (funny that's where I happen to be).

What are the proper strategies for rebalancing your account?

What's a young investor to do...?
by guitarguy
Thu Dec 23, 2010 9:02 am
Forum: Investing - Theory, News & General
Topic: How 'risky' should a mid-20s investor be?
Replies: 91
Views: 7774

retiredjg wrote:A different reason is to have something to liquidate during a stock crash so you can buy more stocks at such good prices!


This is what is appealing to me. Like I've mentioned before, I want to be aggressive but smart.

I'm leaning heavily towards a 90/10 split.
by guitarguy
Thu Dec 23, 2010 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Student Loans vs. Roth IRA
Replies: 35
Views: 4728

I'm actually in a similar situation myself... I have $49k in loans, most of which is at a rate of 2.5-3.5%. I do, however, have about $3k at 6.8% (I'm in repayment though, unlike the OP). My plan is to pay back the $3k as quickly as possible and then start my Roth right after that. I think the guar...
by guitarguy
Thu Dec 23, 2010 8:42 am
Forum: Investing - Help with Personal Investments
Topic: House Fund
Replies: 54
Views: 5204

Opponent Process wrote:reminds me of the old joke:

I don't think I'll get married again. I'll just find a woman I don't like and give her a house.
-- Lewis Grizzard


:lol: :lol:
by guitarguy
Thu Dec 23, 2010 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on: My 401(k), Wife's 401(k), and Roth IRA
Replies: 46
Views: 3508

Bob's not my name wrote:Laura's advice is sound. My advice rests on a different rationale. To quote from that awful movie The Patriot...


I actually liked that movie...although Gibson is an off his rocker nutbag...
by guitarguy
Thu Dec 23, 2010 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on: My 401(k), Wife's 401(k), and Roth IRA
Replies: 46
Views: 3508

Re: expenses

Not to be critical but you are spending way too much time worrying about this right now. In my nature...I drive myself crazy sometimes (and my wife crazy much of the time). :roll: My wife yelled at me last night 'what the heck are you reading on your laptop for the last hour?' I can't help it! I'm ...
by guitarguy
Thu Dec 23, 2010 8:22 am
Forum: Investing - Help with Personal Investments
Topic: House Fund
Replies: 54
Views: 5204

Just to throw in my $0.02... I would try to come to a compromise on the house timeline and price. That's what it's all about in the end. Why does it have to be a $600k house in 5 yrs? Can't you guys just look around and find something that suits you and that you like...you never know what you'll fin...

Go to advanced search