Search found 7051 matches

by JBTX
Fri Aug 18, 2017 7:00 pm
Forum: Personal Investments
Topic: Young Investor - New Job - Help Choosing 401k Portfolio
Replies: 9
Views: 1177

Re: Young Investor - New Job - Help Choosing 401k Portfolio

Hello and welcome to the forum. If you want to use a 3 fund portfolio you could consider using the following: Large Cap Index - 48% Small Value Index - 12% Schwab Intl Index Select - 20% Vanguard Total Bond Market - 20% That is an 80/20 with a 20% allocation to International stocks. Your 16% alloca...
by JBTX
Fri Aug 18, 2017 6:50 pm
Forum: Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 22010

Re: Lost $7000 today in ONE DAY!

Hi everyone, I lost $7000 today in one day. My portfolio is below. Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents! Got home and saw that the portfolio went down by $7k... :oops: Should I change the allocation if this kind of downswing bothers me? :con...
by JBTX
Fri Aug 18, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 10963

Re: DUI lawyer - need advice

I am a lawyer and occasionally do DUI cases (although not on a "for profit" basis). I don't mean the following as legal advice so much as "meta" legal advice: advice about getting advice. In other words, take it all with a grain of salt, reevaluate based on state law and local n...
by JBTX
Fri Aug 18, 2017 5:40 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 10963

Re: DUI lawyer - need advice

If the OP's DC holds a pilot certificate, be sure to report the charge to the FAA irrespective of the outcome. Failure to report can result in certificate suspension, whereas a first offense after a proper report is often a non issue. I actually know a case where the failure to report was leading t...
by JBTX
Fri Aug 18, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 22745

Re: Jobs that pay over $100,000

I hope I am placing this in the correct posting. I have a college son undecided about his careeer. Can anyone here tell about their career that pays close to $100,000. I live in South Florida, so you need at least this income to have a decent lifestyle and to support a family. I would like to be ab...
by JBTX
Fri Aug 18, 2017 5:13 pm
Forum: Personal Investments
Topic: Seeking further Roth IRA explanation.
Replies: 17
Views: 1477

Re: Seeking further Roth IRA explanation.

Ok bud... here's what you want to do. 1. Open a Vanguard (fidelity or schwab) Roth IRA account. 2. You can either manually or automatically set Vanguard to withdraw $100 from your checking/savings account per week to contribute to your 2017 Roth IRA. 3. The money DOES NOT have to go directly into a...
by JBTX
Fri Aug 18, 2017 1:35 pm
Forum: Personal Investments
Topic: Active or Indexed for Optimal Risk Management
Replies: 16
Views: 1413

Re: Active or Indexed for Optimal Risk Management

I don't know anybody who has said index funds are less risky... ... If you want to protect against downside, the modify your asset allocation to have less equities... This is the key. You adjust the percentage of stocks versus bonds to control risk. You can have a passive portfolio that is far safe...
by JBTX
Fri Aug 18, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Email today from Quicken CEO...I assume changes are coming...
Replies: 7
Views: 1979

Re: Email today from Quicken CEO...I assume changes are coming...

I thought I saw that email a week or so ago? As far as I know quicken is the only software that does everything I want. I've used it for 20'years. It is clunky and the downloads are often buggy but otherwise it's serves its purpose. If it goes subscription I'll begrudgingly pay it unless it is exhor...
by JBTX
Fri Aug 18, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Want to give money to relative traveling int'l - options?
Replies: 19
Views: 1710

Re: Want to give money to relative traveling int'l - options?

Howdy American Express Traveler's checks. Good everywhere. Free replacement if lost or stolen. Happy traveling W B I have not used a traveler's check for at least 25 years but the last I heard they are VERY difficult to cash because they are widely counterfeited. Too much work for the receiver of t...
by JBTX
Fri Aug 18, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

I have two daughters in their 20s. I think BOTH of you should cut your hours. 60-70 hours is way too much, especially with kids. I was surprised to find that when my daughters reached age 10 and through high school that they wanted to spend MORE time with me when I thought they would be pulling awa...
by JBTX
Fri Aug 18, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 10705

Re: Little P**S Ants

I've usually found that to fix ants in the house you ultimately have to figure out where they are coming from and then bug spray the source and seal the hole off. It almost always works but finding the source takes detective work. You may have to leave them alone a few days and even give them some f...
by JBTX
Fri Aug 18, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 16406

Re: Fidelity 2% CC or Citi double cash card?

I've had Fidelity 2% for years. My primary go to card. I use fidelity for investments also. i set up a cash mgt account within my fidelity accts to deposit the rewards. The are auto deposited every month, I don't do anything to make it happen. I have the same arrangement. Fidelity is the best card ...
by JBTX
Fri Aug 18, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20742
Views: 2833468

Re: U.S. stocks in freefall

If you can't lose, than how can you gain? What is your net-worth? Just the cash in your bank account? I'd rather lose $100K in a market fluctuation than in a robbery, as my odds of getting it back are much higher, but how can you possibly not consider it a real, material loss? Because historically ...
by JBTX
Fri Aug 18, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20742
Views: 2833468

Re: U.S. stocks in freefall

You can debate whether you lost money or not. From an absolute reality you have. And sure it sucks seeing your portfolio tank. But if you truly accept that you nor I can time the market, and the goal is to cash out decades down the road, it is more fairly valued. Every day after a drop, it is now mo...
by JBTX
Fri Aug 18, 2017 12:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20742
Views: 2833468

Re: U.S. stocks in freefall

If you can't lose, than how can you gain? What is your net-worth? Just the cash in your bank account? I'd rather lose $100K in a market fluctuation than in a robbery, as my odds of getting it back are much higher, but how can you possibly not consider it a real, material loss? Because historically ...
by JBTX
Fri Aug 18, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 16406

Re: Fidelity 2% CC or Citi double cash card?

I've had Fidelity 2% for years. My primary go to card. I use fidelity for investments also. i set up a cash mgt account within my fidelity accts to deposit the rewards. The are auto deposited every month, I don't do anything to make it happen.
by JBTX
Thu Aug 17, 2017 11:50 pm
Forum: Personal Investments
Topic: Seeking further Roth IRA explanation.
Replies: 17
Views: 1477

Re: Seeking further Roth IRA explanation.

How do I make a roth worth for me, if I can't put in the min $5,500 per year at one time? Mutual/index funds have typical min buys such as $2,000 or 3,000.... As an apprentice to a trade, I don't make much so I have to me fiscally smart(have emergency fund, no debt) but at the same time I would lik...
by JBTX
Thu Aug 17, 2017 11:47 pm
Forum: Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 22010

Re: Lost $7000 today in ONE DAY!

I updated my quicken from last weekend and total portfolio hardly changed.
by JBTX
Thu Aug 17, 2017 11:44 pm
Forum: Personal Investments
Topic: Invest in U.S. ETFs Now?
Replies: 25
Views: 3006

Re: Invest in U.S. ETFs Now?

U.S. markets are at an all time high. Is it a bad idea to put a large amount of money into U.S. ETFs at the moment? Any thoughts on when the market might drop? I'm a rather bearish investor. The USA market is not at an all time high. The broad index is high. Valuations are a bit stretched but this ...
by JBTX
Thu Aug 17, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 75
Views: 19502

Re: Geico insurance rate increase: 26.24% APY?

I don't recall how much, probably not 26%, but my GEICO auto policy did jump substantially. I called and asked seemed like it was some sort of across the board increase - and they did increase in two consecutive 6 mo periods. I probably should shop around again. I haven't been terribly pleased with ...
by JBTX
Thu Aug 17, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 15306

Re: Is $9000 too much for a sectional sofa ?

Chan_va wrote: Thu Aug 17, 2017 1:36 am The real question is - "What $5K watch do you wear when lounging on the sectional?"
I don't wear a watch. With that $5K saved, now I only need to come up with $4K :beer
by JBTX
Thu Aug 17, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: Need to replace a roof - fair price? cost saving measures?
Replies: 2
Views: 738

Re: Need to replace a roof - fair price? cost saving measures?

I live in TX. Have had roof replaced twice due to hail, last time a couple of months ago. 2600 square foot house. Our roof was right around $14K, but that included $1500 extra to get class 4 impact resistent shingles. My insurance quote was around $18K,including gutters, so I was able to minimize my...
by JBTX
Thu Aug 17, 2017 11:20 pm
Forum: Personal Investments
Topic: Invest in U.S. ETFs Now?
Replies: 25
Views: 3006

Re: Invest in U.S. ETFs Now?

bheligman wrote: Wed Aug 09, 2017 12:33 am U.S. markets are at an all time high. Is it a bad idea to put a large amount of money into U.S. ETFs at the moment? Any thoughts on when the market might drop?

Thanks!!!
Sometime in the future.
by JBTX
Thu Aug 17, 2017 10:50 pm
Forum: Personal Investments
Topic: Active or Indexed for Optimal Risk Management
Replies: 16
Views: 1413

Re: Active or Indexed for Optimal Risk Management

Let's break this down: “I think your financial planner is doing you a disservice suggesting passively managed index funds are less risky. An index simply buys stocks in the index regardless of valuation. Further, if the index is capitalization weighted, it buys more of the biggest companies again di...
by JBTX
Thu Aug 17, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 5840

Re: Other people's perception of your finances

I can't imagine having guests for a month straight. That is insane. IT IS! And its now up to us to figure out how to make sure it doesn't happen again, but without creating ill-will. Tough call. I probably wouldn't invite anybody again, and if people asked to come stay (which is pretty rude in itse...
by JBTX
Thu Aug 17, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Sales Tax Calculation when Buying Online
Replies: 10
Views: 935

Re: Sales Tax Calculation when Buying Online

Years ago on one of my consulting gigs I worked with a sales tax consultant to help streamline the companies sales tax process. It is much more complicated than people realize. In places like TX you have state sales tax,'city sales tax and possibly a special public transportation tax. Sometimes the ...
by JBTX
Thu Aug 17, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

One of my problems in corporate America is I tend to work my way out of a job. I streamline work. Delegate. Focus on process. Stop doing stuff that adds no value. But there is a perceptual downside to that so I may not be the best on that front to give career advice. This is not a problem. I do tha...
by JBTX
Thu Aug 17, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 5840

Re: Other people's perception of your finances

I can't imagine having guests for a month straight. That is insane.
by JBTX
Thu Aug 17, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

People assume they are competing interests. What is best for the parents may be best for the kids. Just because they spend more time doesn't mean it will be quality time. And people just seem to shrug off the financial pressures coming from a lower income. They are real and can cause conflict. If o...
by JBTX
Thu Aug 17, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

To the OP: If this is really gnawing at you is there a way to have an extended leave of absence: maybe take 4-8 weeks even if unpaid. Spend that time at home with the kids (again i know stay at home mom is not your goal). Once done, was is wonderful? Do you think your kids were immensely better for ...
by JBTX
Thu Aug 17, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

People assume they are competing interests. What is best for the parents may be best for the kids. Just because they spend more time doesn't mean it will be quality time. And people just seem to shrug off the financial pressures coming from a lower income. They are real and can cause conflict. If o...
by JBTX
Thu Aug 17, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

I can handle unvarnished opinions and I do not need bumper guards on the bowling lanes. Part of me wishes I had written my post as the "husband" and somehow I imagine that less posters would have told me to become a stay at home husband but I am not looking to get into a larger discussion...
by JBTX
Thu Aug 17, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 56
Views: 4587

Re: quick estate question

Pay the $400 and be done with that piece of it.
by JBTX
Thu Aug 17, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Question about LTCG on inherited property
Replies: 7
Views: 827

Re: Question.

That's right. Note that if he sells, any costs are also counted against that gain, so if it's gone up only a little, he may have a loss. Establishing what the value was as of the date of death would be useful, as he will probably sell eventually. You might get more answers if you put engaging key w...
by JBTX
Thu Aug 17, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Question about LTCG on inherited property
Replies: 7
Views: 827

Question about LTCG on inherited property

Just got asked this question by one of my wife's coworkers. He inherited property in Nebraska about a year ago. He is contemplating selling. Will there be capital gains? What I told him is I think there was a step up in basis at the time of inheritance and a property value was likely assigned a valu...
by JBTX
Thu Aug 17, 2017 10:37 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

OP: when words and actions conflict, I look to actions for the truth. You say that nothing is more important to you than family, yet both you and your husband work 60-70 hours per week. You then attempt to justify this by saying it's for a financially secure future. Yet the sacrifice of the present...
by JBTX
Thu Aug 17, 2017 10:31 am
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 5840

Re: Other people's perception of your finances

... they were our guests, but not once did anyone offer to pick up a dinner tab, contribute to the grocery costs, contribute to alcohol costs………………nothing. I’m curious how others here handle this kind of thing. I recently endured this same brand of barbarism. Because I find philistines intolerable ...
by JBTX
Thu Aug 17, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

OP: when words and actions conflict, I look to actions for the truth. You say that nothing is more important to you than family, yet both you and your husband work 60-70 hours per week. You then attempt to justify this by saying it's for a financially secure future. Yet the sacrifice of the present...
by JBTX
Thu Aug 17, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

OP: when words and actions conflict, I look to actions for the truth. You say that nothing is more important to you than family, yet both you and your husband work 60-70 hours per week. You then attempt to justify this by saying it's for a financially secure future. Yet the sacrifice of the present...
by JBTX
Thu Aug 17, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it?

Love the Mr. Mom reference. I think working parents and stay at home parents are all to be appreciated and admired. That is just not the choice we are contemplating at this point. Thank you for the insight. It depends on a lot of things. Do you enjoy your work? If you work less hours do you really ...
by JBTX
Thu Aug 17, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it? [demanding jobs vs time with family]

OP: when words and actions conflict, I look to actions for the truth. You say that nothing is more important to you than family, yet both you and your husband work 60-70 hours per week. You then attempt to justify this by saying it's for a financially secure future. Yet the sacrifice of the present...
by JBTX
Thu Aug 17, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 18117

Re: Is it worth it?

Love the Mr. Mom reference. I think working parents and stay at home parents are all to be appreciated and admired. That is just not the choice we are contemplating at this point. Thank you for the insight. It depends on a lot of things. Do you enjoy your work? If you work less hours do you really ...
by JBTX
Thu Aug 17, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 5840

Re: Other people's perception of your finances

I’m wondering how folks handle other people’s perception of your financial wherewithal. My spouse and I have been on a very long, difficult road to get to this point in our lives. We have worked our asses off, watched every penny, put a lot of thought into every decision we’ve made, and it is final...
by JBTX
Thu Aug 17, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 6207

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 JBTX
Thu Aug 17, 2017 1:07 am
Forum: Personal Consumer Issues
Topic: Best place to find jobs and how to know the pay/benefits before applying?
Replies: 22
Views: 2118

Re: Best place to find jobs and how to know the pay/benefits before applying?

So usually you cannot know how much per hour they are paying and what type of benefits they are giving you? I don't want to apply to only reject the job offer. What if you are very wealthy and are very selective about the type of job and benefits that are provided? Sometimes the job sites give you ...
by JBTX
Thu Aug 17, 2017 12:49 am
Forum: Personal Investments
Topic: How am I doing?
Replies: 5
Views: 1090

Re: How am I doing?

You are 42 and have $480k in retirement savings. At a roughly 5% real return that will double in real terms over 15 years. So by 57 that will be approx $960k. By 62 I'm guessing that will be approx $1.2 million in real terms. $27k contributions over 20 years is $540k. (Assuming wages and contributio...
by JBTX
Thu Aug 17, 2017 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Change job -- what should I do with HSA?
Replies: 11
Views: 2768

Re: Change job -- what should I do with HSA?

The HSA has already received the upfront tax benefit. That is a "sunk" benefit. Going forward it is comparable to a Roth. We should probably ask OP whether he's maximizing his 401k and IRA accounts. Yes, going forward it's comparable to a Roth. But also going forward, OP may never have ac...
by JBTX
Wed Aug 16, 2017 11:44 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2450

Re: Questions?? Need progress with AA

Most pressing question is where to invest cash? But I also have a bunch of questions. Hope someone can help! We’re transitioning into retirement (full time by end of 2018). Goal 60% stock /40% bond asset allocation while investing the wisest way. CURRENT ACCOUNTS/ALLOCATIONS: @Local Bank Personal C...
by JBTX
Wed Aug 16, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Change job -- what should I do with HSA?
Replies: 11
Views: 2768

Re: Change job -- what should I do with HSA?

But if you aren't maxing out your 401(k) and IRA, you don't lose anything by paying expenses out of the HSA. At least in my state, HSA money is untaxed, grows untaxed, and withdraws for qualified expenses untaxed. I'm unaware of any other investment vessel, 401k or IRA, that allows for all three to...
by JBTX
Wed Aug 16, 2017 11:01 pm
Forum: Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 9666

Re: please help...am I overextended - first home

That's much tighter than most any boglehead is going to give the okay on. But, probably not too far out there or possibly better than most average joe folks. After taxes and the one bill and 401k contributions, sounds like you $2300/month left once the mortgage is paid. Are you single, young, and j...