Search found 182 matches

by rocket354
Tue Oct 17, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Roth as good as you think?
Replies: 29
Views: 4082

Re: Roth as good as you think?

One thing I'd like to point out is that if you are maxing either account, all else being the same, Roth is better. To get the same final amount maxing a tIRA as maxing a Roth, you of course put those tax savings into a taxable account. But...now your earnings are getting taxed. So for the same cost ...
by rocket354
Sat Oct 14, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 84
Views: 11402

Re: New mattress

There are dozens of bed-in-a-box companies out there and that might be your best bet. A poster above mentioned Casper, and there are a ton of others (Purple, Tuft&Needle, Amerisleep, Ghostbed, Leesa, etc, etc, a google search will give you a bunch of options). Most of these companies have a similar ...
by rocket354
Tue Oct 10, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 4857

Re: HSA’s: What level of risk do you prefer?

The difference is that you are converting tax-free dollars to tax-deferred dollars with no tax benefit . If you are in a 25% tax bracket with $3000 to invest, you can put $4000 in a traditional IRA, or $3000 in a Roth IRA; these are equivalent investments, as you will get $6000 from either one if t...
by rocket354
Tue Oct 10, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Best weight loss resources?
Replies: 54
Views: 3575

Re: Best weight loss resources?

I lost 55 lbs about 10 years ago...then had to lose 40 that had crept back on a few years ago. Things people have already said in this thread that work great: eat less, exercise more. Find what methods of eating less and exercising more work for you. For me it's cutting out sugar, most non-water dri...
by rocket354
Mon Oct 09, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 4857

Re: HSA’s: What level of risk do you prefer?

Like others, I am saving for the long haul. I don't intend to touch my HSA until retirement 20+ years from now. Mine requires $500 in cash which earns me .05%. The rest is in a Vanguard TSM index fund.
by rocket354
Sat Oct 07, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?
Replies: 28
Views: 10723

Re: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?

toto238, So, what did you decide and how did it work out? I've got a dd in a similar situation. Any advice? To update, I have submitted my application for HBS for Fall of 2017. I am continuing to build my professional career under the assumption I don't get in. I can move my life around to make it ...
by rocket354
Mon Oct 02, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 9162

Re: Are credit cards rewards worth it?

For me, definitely. I have a 5% gas card, an effective 4% grocery card (6% but with annual fee), a 3% restaurant card, a 3% amazon card, and a 2% everything else card. It takes no time as whenever I buy something I just grab the correct card for the job. It might not add up to a ton of money over th...
by rocket354
Fri Sep 29, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 8170

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

:wink: Well really contributing every pay period to a 401K is called periodic investing which is often conflated with dollar cost averaging. It's definitely not lump sum investing. Well, sorry to continue this sidebar, but I am curious how it's different from lump-sum (legitimately, not argumentati...
by rocket354
Thu Sep 28, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 20297

Re: My boneheaded financial mistakes

Got must-buy-a-home fever in 2005. Decided it was a bubble market, so held off...for an entire year, finally relenting and buying in 2006, at the exact peak as luck would have it. Watched as house dropped >60% in value over the next 5 years. It's rebounded some, but is still down quite a bit, and ev...
by rocket354
Thu Sep 28, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 8170

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

I dca into my accounts every payday. I don't care what the markets are doing (up, down, sideways). I' am a long term buy & hold investor. It's time in the markets not timing the markets...that's the big secret. I definitely agree with your sentiment, but at the risk of sounding pedantic, I suspect ...
by rocket354
Tue Sep 26, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 63
Views: 7279

Re: Memory Foam Mattress Recomendations

Don't read too much into "oh, this one sleeps hotter than that one, and this one has cooling technology, or I'll buy a cooling mattress cover, etc." -- 90% of that is marketing garbage. ALL memory foam sleeps hot. It is just the way it is. Learn to sleep with far less covers, sometimes only a sheet...
by rocket354
Sat Sep 23, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8854

Re: Help?! My 70 year old father is 100% invested in equities

(he also has a pension and Social Security) This is key. He basically has the equivalent (or better) of the security of bonds as a portion of his portfolio because of the above two. Now, if his pension and SS added to a really small portion of his expenses, maybe there's cause for concern, but we d...
by rocket354
Fri Sep 22, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3532

Re: Realtor to buy home?

It is semantics and technical details. Yes, the funds go to the seller, who then immediately turns around and distributes them to the agents. However, economically, both buyers and sellers split the costs. If a seller is willing to accept, say, $300k for their home, they'd have to sell it for nearly...
by rocket354
Tue Sep 19, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 12427

Re: The Magic of Savings Rate

So, is it really not how much you earn but how much you save? Savings Rate (Percent), Working Years Until Retirement 5% 66yrs 10 51 15 43 20 37 25% 32yrs 30 28 35 25 40 22 45 19 50% 17yrs 55 14.5 60 12.5 65 10.5 70 8.5 75% 7yrs 80 5.5 85 4 90 under 3 95% under 2yrs I would say it's both what you ma...
by rocket354
Fri Sep 15, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Prioritizing investments- HSA goes where?
Replies: 27
Views: 3627

Re: Prioritizing investments- HSA goes where?

This is based on a discussion in Paying off debt vs. max savings - Bogleheads.org , and picked up here to avoid cluttering that thread with financial math details. Stipulations - $5000 loan, paid monthly, due in 1 year. - The pre-tax amount corresponding to the minimum monthly after-tax loan paymen...
by rocket354
Thu Sep 14, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much does my commute cost me?
Replies: 15
Views: 2225

Re: How much does my commute cost me?

It depends on whether you'd keep your car if you started taking the shuttle, or if you'd end up selling it. If you'll keep your car, then the cost is only the marginal cost of the extra miles since the opportunity cost of the car (having that money invested, instead), depreciation due to age, taxes,...
by rocket354
Mon Sep 11, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA and 401K after intern job
Replies: 1
Views: 243

Re: Roth IRA and 401K after intern job

My son earned $9000 thru his summer intern job. Company also allow interns to contribute to 401K. He put in about $2000 into it. Each year, I also helped my kids with their Roth IRA and put in the full $5,500 into their Roth IRA. Since there is a 401K involved this year. How much Roth IRA can I hel...
by rocket354
Tue Aug 29, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 1868

Re: Credit card bonus award rules

Just apply for them all on the same day, why spread it over several days/weeks/months? I did that once. I applied for four cards in one day. Card one: approved, $15k limit, 13% apr. Card two: approved, $10k limit, 18% apr. Card three: approved, $5k limit, 24% APR. Card four: Denied. It seems whethe...
by rocket354
Tue Aug 22, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Which loan to pay off?
Replies: 17
Views: 1727

Re: Which loan to pay off?

Oh I know. I'm saying that which loans you can use the credit card for makes zero difference for which loans to pay off first (that is, the higher interest rate one). Yeah, one inadvertent assumption I had made in my analysis was that the CC couldn't be used to make the monthly payments on Loan A--...
by rocket354
Mon Aug 21, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 19413

Re: How far would you travel to see The Eclipse?

Before today's Eclipse, I'd have probably said 30 miles or so. Luckily, I was in the path of totality, and just had to walk out front. After seeing that spectacle (total eclipse is a completely different animal than any partial, even high-90s), and even getting a pretty intense shadow band show on t...
by rocket354
Mon Aug 21, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Which loan to pay off?
Replies: 17
Views: 1727

Re: Which loan to pay off?

The problem is that the CC is 2% off the total, whereas the interest percentages are compounding. So it very much depends on the respective amounts and time frames. I came up with a spreadsheet to calculate it, but just had to use my own made up numbers. As an example, if each loan is for $100,000 a...
by rocket354
Sat Aug 19, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 55
Views: 7600

Re: Kitchen knife set. Good quality - Recommendations

11 years ago, I bought a JA Henckels knife set for under $200. It has seven kitchen knives, shears, sharpening steel and six steak knives. They still look like-new today, and they work great--despite the fact that I've never sharpened them.
by rocket354
Sat Aug 19, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 1868

Re: Credit card bonus award rules

Thanks for the info. In my case I'll only open one or two cards for rewards in a year. I looked at the link. Wouldn't the amount churning they are talking about really ding your credit? You would think so, but it actually doesn't. I have 13 cards, almost all of which were opened in the last two yea...
by rocket354
Fri Aug 18, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3510

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA ...
by rocket354
Fri Aug 18, 2017 5:15 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 5867

Re: Powerball - $510 million?

I bought a ticket, and figure I just donated $2 to the winner's jackpot. :? Probably more like $0.50... I bought one for a drawing last month, when the jackpot was in the mid-200's. Came as ridiculously far from winning as ever, but I do agree with people that it's an entertainment expense: I get t...
by rocket354
Thu Aug 17, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3510

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA ...
by rocket354
Thu Aug 17, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4356

Re: Credit score dropped 100 points overnight

To determine the cause(s) of any credit score change you have to carefully review credit reports from before and after the change. There are any number of possible causes and combinations of causes including glitches and erroneous data. We can throw out possibilities but you really have to dig in a...
by rocket354
Wed Aug 16, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4356

Re: Credit score dropped 100 points overnight

Do you use CreditKarma? It's really good. I have enrolled in Credit Karma and check my score one in a while. I am amused that I often get a reminder that I should check my score since something has been reported that has changed the score. When I log on there is a notice that I have paid off a CC b...
by rocket354
Wed Aug 16, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4356

Re: Credit score dropped 100 points overnight

I'd certainly want to know what changed just to be aware if someone else has opened something, but I have to ask what credit score use you foresee needing in the near term? In the next few months I'd like to open more CC accounts and get more bonuses. Within a year, I'd like to purchase a house. In...
by rocket354
Wed Aug 16, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4356

Re: Credit score dropped 100 points overnight

Maybe something was reported to Transunion to drive it down. You can pull a free report and see what's in the report. High revolving credit utilization, combined with a new inquiry, and reduced average age of accounts might be enough to do that if you don't have much of a credit history and don't h...
by rocket354
Wed Aug 16, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4356

Credit score dropped 100 points overnight

Looking for possible explanations, and wondering how worried I should be. Through my credit union I see my TransUnion credit score, updated daily. It predictably drops a little when I open a new CC account, but goes up otherwise. Two days ago, it was 805. That same day, a new CC account I had opened...
by rocket354
Mon Aug 14, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3510

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA a...
by rocket354
Fri Aug 11, 2017 10:07 pm
Forum: Investing - Theory, News & General
Topic: The Mathematics of Retirement Investing
Replies: 127
Views: 19684

Re: The Mathematics of Retirement Investing

Why is 10.1% nominal and 3% inflation equal to 6.9% real? Isn't that 7.1% real? Is it more complex than subtracting inflation from nominal? Maybe I have had too much wine? Yes, it is more complex, although subtracting is a quick'n'dirty way of estimating it. If you gain 10.1%, you multiply by 1.101...
by rocket354
Fri Aug 11, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Home Ownership / Investing
Replies: 18
Views: 1307

Re: Home Ownership / Investing

Thanks BH. I would never consider putting less than 20% down ... it just seems like the more knowledge I gain regarding investing (thank you all, again) - the more buying a home feels not so smart - to put it nicely. I think a lot may have to do with the "social norm" of buying a home equating to t...
by rocket354
Mon Aug 07, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 16210

Re: Replace car battery after X years or wait till it dies?

Lots of people get 6-8 years out of their batteries. My previous battery lasted 13 months. Unfortunately, it had a one-year warranty (cheapest battery at autozone). The one before that lasted a little over three years. I say hold onto batteries for as long as they work. Even newer batteries aren't g...
by rocket354
Tue Aug 01, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank for small business - HOA
Replies: 2
Views: 394

Best bank for small business - HOA

I am the new HOA president of a small condo complex. I got this position because I wanted some experience and to hopefully "do things right," and, of course, because no one else wanted it. But, in short, I'm inexperienced. I want to set up our finances as optimally as possible. We currently have an ...
by rocket354
Tue Aug 01, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 18895

Re: Capital One $400 bonus for new checking account

Like WonderT, I received my $400 bonus today, and am sharing that information to help those who are still waiting assess their situation. I'm not in the Boston area, nor did I receive any solicitation email. I opened the account in late June, and had two $250 payroll DDs go through, 7/14 and 7/28. T...
by rocket354
Sun Jul 30, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4940

Re: How do you decide if you can afford something?

As noted, there's "literal" afford (can I liquidate/withdraw some investment in order to pay cash, and/or can I get approved on a loan and have it fit into my monthly budget?) and then there's "emotional" afford. I got a rude awakening to reality when I blossomed into my stock-investing and house-bu...
by rocket354
Wed Jul 26, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Where to move? New job, considering Nevada...
Replies: 28
Views: 3382

Re: Where to move? New job, considering Nevada...

Vegas Pros: -No harsh winter -Big international airport -Entertainment -Many things open late/24 hours - could be helpful given late working hours -Diversity - people, food etc. -Outdoors activities - at least as far as I understand - lake, hiking etc. Not as good as Reno, but not terrible AFAIK. A...
by rocket354
Sat Jul 15, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 4199

Re: What am I missing here? [I'm a bachelor]

I think your calculation is suspect. The interest on the full $240K is closer to $160K; this would be reduced by downpayment. yes, the numbers presented do not generate interest amount that the OP listed. 240k, 30 years at 3.75%: Interest 160k. monthly P&I payment of $1111.48 But you're not going t...
by rocket354
Wed Jul 12, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 13936

Re: Do you count vehicle equity in net worth?

To me, net worth is the sum total of my estate after all final expenses. So yes, whatever my vehicles would bring on the used-car market is part of that. (I currently have no outstanding auto loans.) So do you count things like furniture too? Just curious. I get your point and that's the technical ...
by rocket354
Tue Jul 11, 2017 10:53 pm
Forum: Personal Consumer Issues
Topic: Healthy smoothie ideas
Replies: 18
Views: 1898

Re: Healthy smoothie ideas

My recipe: 1) ripe banana 2) frozen berries/kale (I'm a fan of this product): http://www.wymans.com/product/kale/strawberries-blueberries-and-cherries-kale 3) 1 cup vanilla yogurt 4) 1/2 cup Odwalla Mango Tango, or similar Optional for variety: 5) 2 Tbsp peanut butter 6) sprinkling of cinnamon Instr...
by rocket354
Tue Jul 11, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: 100k milestone
Replies: 49
Views: 6982

Re: 100k milestone

My NW progession (see if you can guess when the great recession hit): Age 26: 100k Age 28: 250k Age 31: -150k Age 33: 0 Age 35: 100k Age 38: 300k So if you factor in inflation, I've broken even the last 10 years. Everyone's path is different. Just maximize what you can do with what you got and you'l...
by rocket354
Sat Jul 08, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: A good VISA card for Gas & Groceries?
Replies: 66
Views: 5378

Re: A good VISA card for Gas & Groceries?

Why stop spending on the preferred? Maybe the % goes down, but as long as you are over the breakeven, the absolute DOllars saved will never be less than the free version... Why spend at 1% when I can get 2%, 3%, or 5%? But the grocery spend on the preferred never goes below 3% no matter how much yo...
by rocket354
Fri Jul 07, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: A good VISA card for Gas & Groceries?
Replies: 66
Views: 5378

Re: A good VISA card for Gas & Groceries?

American Express Blue Cash Everyday or Preferred cards. Everyday is 3% groceries, 2% gas. Preferred is 6% groceries, 3% gas, but with a $95 annual fee. As long as you spend $3167 or more on groceries in a year, then the Preferred is, well, preferred.
by rocket354
Fri Jul 07, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Passing through Las Vegas for 1.5 days..hiking
Replies: 19
Views: 1797

Re: Passing through Las Vegas for 1.5 days..hiking

Toward the end of the month we'll be flying into Las Vegas on our way to hiking on the North Rim, Grand Canyon. While Vegas-strip can be somewhat entertaining, we're considering staying on the outside of Vegas and travel into the city-strip one day/evening. We'll have about 1.5 days in the Vegas-pr...
by rocket354
Wed Jul 05, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Landlording....
Replies: 12
Views: 1916

Re: Landlording....

On a month to month lease, there's a middle ground between hoping your tenant leaves and evicting them. Why not just notify them that you are not renewing as of a specific date? That's the typical way, but I'm wondering if perhaps the OP is concerned that once he notifies her, the tenant will eithe...
by rocket354
Thu Jun 29, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 24748

Re: Buying house - Very important decision

My first reaction to this post was it was a troll post. I live in Nashville. Since I'm preparing to buy in the next year or so, recently I've been doing a lot of window shopping in the Franklin-Nashville area. You can find plenty of nice houses in the area for well under $500k that would fit your pu...
by rocket354
Fri Jun 23, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: How do you approach your ESPPs
Replies: 26
Views: 1727

Re: How do you approach your ESPPs

My approach, and its reasons, are pretty much a summary of what other posters have already addressed. I max out my ESPP. I can put in 10% of my salary, and receive a 15% discount with a 6-month lookback. I can sell immediately upon purchase at the end of the 6-month period. I do in fact sell immedia...
by rocket354
Wed Jun 14, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 11388

Re: HSAs and "Saving Medical Receipts"

I have an HSA, but have never withdrawn from it as my personal medical expense are so nominal that I end up just paying OOP. That being said, with a debit card, you still keep receipts (without regurgitating this thread) so that you can prove the expense paid for with said debit card were in fact m...