Search found 321 matches

by Quirkz
Fri Dec 06, 2019 3:02 pm
Forum: Personal Investments
Topic: Unexpected loss of MIL, Inherited IRA, and How to Restructure Investments
Replies: 34
Views: 2269

Re: Unexpected loss of MIL, Inherited IRA, and How to Restructure Investments

Sorry for your loss. What they recommend is of course way more involved than a simple 3 or 4 fund portfolio but the performance testing puts their allocation ~2% hire (i assume the return is after all fees, but I need to confirm). Here is what they came up with compared to VASGX What performance tes...
by Quirkz
Fri Dec 06, 2019 1:05 pm
Forum: Personal Investments
Topic: 2020 Plan for $45,000,000 in 2045
Replies: 81
Views: 14650

Re: 2020 Plan for $45,000,000 in 2045

I don't particularly understand the goal. Most people would consider themselves having made it much sooner than that. What would you be doing with $45m that you wouldn't be doing with $25m? I guess it's one thing if you really like what you do and are happy to keep doing it, but there's opportunity ...
by Quirkz
Thu Dec 05, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Car Cost vs Yearly Living Expenses
Replies: 97
Views: 5223

Re: Car Cost vs Yearly Living Expenses

My operating rule is "the least expensive model that meets all of my needs" with maybe small concessions for very strong wants, as long as it doesn't significantly affect the price. Why pay more than that? If I get a 50% raise, I don't need a 50% more expensive car. If I increase spending by 25% on ...
by Quirkz
Tue Dec 03, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 21673

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

If you look at the paragraph I quoted above from his blog, he is recommending exactly that: $6,000, no more no less, into a Roth IRA. That’s all you need to do to get >$1.3M. We keep quoting what he says on his blog (and it’s recent, not from years past given the $6,000 IRA contribution level only ...
by Quirkz
Tue Dec 03, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 21673

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

For instance: 1. An individual invests $6,000 per year for 30 years at 12%. The future value of this is $1,448,000. 2. This same individual believes he will be able to withdraw 8% from his portfolio in 30 years or $115,840. ($1,448,000 times 8%) ... $22,670 is a lot less than $115,840. By using 12%...
by Quirkz
Mon Dec 02, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88880

Re: Found hidden safe, should we crack?

MrBobcat wrote:
Sun Nov 24, 2019 12:51 pm
Maybe a bunch of bogleheads will kick in just to find out what's in the safe. I know I'd send $5 :P
I won't send money, but if I'm in the area I'd gladly donate 10 minutes of my time to try 25 different combinations. Recruit enough of us, and you'll get it cracked ... eventually.
by Quirkz
Mon Dec 02, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 9827

Re: I wish I could ignore it...but I can't (ZILLOW!)

Zillow is, frankly, kookydooks. Sometime if I'm not feeling lazy I'll post pictures of their chart for my house. It's got 10% swings on a monthly basis, in a location that's had mostly a smooth and steady rise since 2012. In one spot you'll see a modest townhome, which starts a bit below average for...
by Quirkz
Fri Nov 22, 2019 5:26 pm
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 58
Views: 8483

Re: OMG My New House is SO Drafty!

Say you could pay someone $5,000 to insulate and reduce your heating bill by $100 - close to a 50% reduction - for 4 months out of the year. You break even on that work in 12 years. That’s a long time. (Yes you maybe save some in the summer too, but on the other hand I bet the savings and cost are ...
by Quirkz
Thu Nov 21, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: What does "get back on my feet" mean?
Replies: 84
Views: 7955

Re: What does "get back on my feet" mean?

She's talked about trying to make money by writing a book -- but makes excuses not to write. Unless she already has an established writing career, this is at best a years-long process and at worst a pipe dream in almost all cases. People who spend their lives writing occasionally get lucky, and mor...
by Quirkz
Thu Nov 21, 2019 6:17 pm
Forum: Personal Investments
Topic: New Boglehead - Confused About Retirement Money
Replies: 12
Views: 1962

Re: New Boglehead - Confused About Retirement Money

Also keep in mind many of those large balances may be for a couple. Two retirement accounts = twice the potential space per year to contribute. But the real answer is comparing yourself to others who may have totally different situations often isn't helpful. Look at your own budget, your own expense...
by Quirkz
Thu Nov 21, 2019 11:45 am
Forum: Personal Investments
Topic: Dollar Cost Averaging or: how I learned to stop worrying and love the Lump Sum
Replies: 38
Views: 3482

Re: Dollar Cost Averaging or: how I learned to stop worrying and love the Lump Sum

I think you can always find scenarios that are better one way or another. Generally, the market goes higher. Yes, the bold part is why lump sum beats DCA 2/3 of the time when investing in the broad market. The same conclusion can't be applied at all to individual stocks. I do think there's some mer...
by Quirkz
Thu Nov 21, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing Cash Accumulation
Replies: 3
Views: 387

Re: Maximizing Cash Accumulation

I agree with the others. I'd focus on the credit cards first, to get them out of the way, and then focus on the house, even if it pushes your preferred schedule back a little. It sounds like you're in good shape, just feeling impatient, but you'll get there as long as you stick with it. I think half...
by Quirkz
Tue Nov 19, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing
Replies: 14
Views: 1150

Re: Rebalancing

That doesn't make sense to me, because the balance is supposed to be between your personal holdings. A raw S&P number says nothing about your personal balance. I think most people either just pick a day and do it annually (or whatever period) or look at the Asset Allocation, and trigger a rebalance ...
by Quirkz
Mon Nov 18, 2019 4:51 pm
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 58
Views: 8483

Re: OMG My New House is SO Drafty!

Wanted to mention an apparent "draft" around a baseboard could just be cold air from the wall sinking and then circulating out across the floor. Given multiple layers of brick, it seems unlikely air is blowing through it and then through the seam of the baseboard, unless there's a gap in the bricks ...
by Quirkz
Mon Nov 18, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: TV Speakers/sound bar/bose wave
Replies: 20
Views: 1985

Re: TV Speakers/sound bar/bose wave

As stated, flat screen speakers are generally horrible. A soundbar is a decent improvement but won't be as good as a true surround sound setup. You do need a subwoofer with a soundbar. I'll admit, I don't get the value of a subwoofer. I just find myself thinking, "Why is this device going 'buzz, bu...
by Quirkz
Mon Nov 18, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: TV Speakers/sound bar/bose wave
Replies: 20
Views: 1985

Re: TV Speakers/sound bar/bose wave

I picked up a Vizio SB2920 Sound Bar from Amazon and have been using it for years. Current price is under $80. I see some others in the $60-$70 range. I'm totally happy with it. I will note that I'm not very picky, but even I could tell the TV speakers were tinny junk, and just having the next step...
by Quirkz
Tue Nov 12, 2019 1:05 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16466

Re: Spend It All vs. Leave $$ for the Kids

willthrill81 wrote:
Sat Nov 09, 2019 2:58 pm
Given the choice between wisdom and money, wisdom is robustly superior. Just look at how lottery winners almost universally turn out.
Genuinely curious here, do lottery winners "universally" turn out poorly? I realize some or even many of them do, but I'd be really curious about the statistics.
by Quirkz
Mon Nov 04, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 90049

Re: Flaunt Your High-Mileage Car

Coming up on 170,000 on my 2010 Nissan Sentra. Still feels like nothing compared to the previous car, a 97 Civic that hit 240,000 before I sold it.
by Quirkz
Mon Oct 28, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2942

Re: Help Dad do estate planning math and make adjustments

Daughter #1's math works ... but only if Dad's current net worth is around 1.7 million. Basically her proposal is his estate is split 8 ways instead of 3, with 3/8ths going to #2, 3/8ths going to #3, and 2/8ths going to #1. That's going to be highly subjective, depending on what his actual worth is,...
by Quirkz
Thu Oct 24, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: ACA 2020 pricing [What's your 2020 pricing?]
Replies: 38
Views: 4641

Re: ACA 2020 pricing [What's your 2020 pricing?]

I'm not ACA, but my company insurance went down 6% this year. In the 12 years I've been here they've been good about managing costs and we've had a couple of flat years, but this is our first ever decrease. This is with basically no change to service.
by Quirkz
Thu Oct 24, 2019 11:27 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 11850

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

- liquidity is king Liquidity gets a ton of play on this site, but cashflow is nice to control, too, and that seems like it's barely ever recognized. I guess if you have enough liquidity maybe you don't care about cashflow, but if you reduce cashflow, you also don't need as much liquidity. Making a...
by Quirkz
Wed Oct 23, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Spending Money - Surprising Low Fun Return
Replies: 58
Views: 6666

Re: Spending Money - Surprising Low Fun Return

I don’t believe that there’s anything significantly different in “buying experiences.” Once you buy something, anything, it commodifies whatever you bought whether it’s an experience or an SUV. To commodify is to trivialize. I'm going to disagree on this one. I've seen from a number of sources that...
by Quirkz
Thu Oct 17, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 11384

Re: What percent of net worth should a persons house be?

I'm in the "it's too hard to coherently compare" camp. House purchase price is going to be fixed for as long as you owe the house, while net worth is supposed to (on average) increase every year throughout your working life. Two totally different trajectories. I do think it matters in some cases. So...
by Quirkz
Tue Oct 15, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Commuting dilemma
Replies: 34
Views: 2852

Re: Commuting dilemma

1. Drive the Lexus into the ground and ride it until the wheels fall off. At this rate it would have around 110k miles on it in two years and I'd be shopping for a new car around then (unless it continues to run fine). This is ridiculously pessimistic. I agree with the others that you should have a...
by Quirkz
Mon Oct 07, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Return of excess mortgage payment
Replies: 4
Views: 576

Re: Return of excess mortgage payment

When I refinanced I actually had a duplicate property tax payment, both the old and the new lenders paid the property taxes. About three weeks later I got a check in the mail from the County. That's nice. I've had the opposite happen, where the old lender decided not to pay because they were wrappi...
by Quirkz
Fri Sep 27, 2019 4:31 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 3138

Re: Asset Allocation Approaching Age 40s

I'm in my mid-40's. I was 100% equities until this past year, when I finally shifted to 80/20. Up until recently I simply didn't feel like I had enough invested that I'd need to protect anything, and I'm comfortable enough riding the ups and downs. I've still got a lot of investing ahead of me. Also...
by Quirkz
Wed Sep 25, 2019 3:54 pm
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 5374

Re: Fine Art Investments

Unless you are already passionate about it and want to turn it into a devoted hobby/side job, I don't recommend it. There's going to be an extremely steep learning curve and require a lot of time and effort. The potential to make mistakes or even get ripped off is high, too.
by Quirkz
Wed Sep 25, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 19177

Re: Success stories of NOT buying more/too much house

I don't understand, why would anyone have an URGE to upgrade houses and experience the following: 1. Moving Non-financial costs. Moves are a huge time sink. They are extremely stressful. You refocus your entire life for several months. There is a huge cost in productivity working and in your person...
by Quirkz
Tue Sep 24, 2019 5:48 pm
Forum: Personal Consumer Issues
Topic: Any way to un-suspend a twitter account?
Replies: 5
Views: 647

Re: Any way to un-suspend a twitter account?

Have you looked at your account's recent activity and seen if/what it might have posted? You can browse it anonymously, I believe, and look yourself up.

Also, yes, probably making a new account and burning that old password would be a good idea.
by Quirkz
Wed Sep 18, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Plan for 2 Incomes to 1 and Mortgage Payoff
Replies: 15
Views: 1224

Re: Plan for 2 Incomes to 1 and Mortgage Payoff

Even when kids are "in school", there are a lot of times they're not actually IN school. We calculated once that between summer break, teacher inservice days, holidays, sick days, and all the weekday hours either before or after school where a parent might normally be working, that added up to rough...
by Quirkz
Wed Sep 18, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 495
Views: 58120

Re: UPDATE Selling home- Demanding Buyer (Repairs)

if 431 is palatable you should have reduced price to 425 and let multiple bidders come in to push price upwards. You'd also see fewer contingencies that way I'm continually surprised by the number of people who get by with this tactic. Everyone I've ever talked to picked a price they thought was re...
by Quirkz
Wed Sep 18, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads in Oil and Gas?
Replies: 38
Views: 3483

Re: Bogleheads in Oil and Gas?

I'm affiliated with the field, and the fluctuations of the industry do affect me, but it's not quite direct. I'm in IT, and work for a company which has as its largest holding gas and oil. They also have real estate and a handful of other things so it's mitigated a little. I'm basically a server guy...
by Quirkz
Wed Sep 18, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: What generalist books attempt to explain human nature?
Replies: 39
Views: 3015

Re: What generalist books attempt to explain human nature?

"Liars and Outliers" by Bruce Schneier. He's a security expert, but this one dives deep into cooperation, selfishness, lying, and trust, and puts them in the context of pressures from small group (family, clan) and large group (society). A fascinating mix of social and biological scientific understa...
by Quirkz
Tue Sep 17, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon and More In October
Replies: 35
Views: 3208

Re: Grand Canyon and More In October

If you don't mind going a little farther east in Arizona there's also the Meteor Crater, which may be of particular interest to kids your age. It's doable in an hour, two if you really want to explore or watch more of the videos. Small but nice museum, and the crater itself and the view from the rim...
by Quirkz
Mon Sep 16, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Have you copyrighted a poem?
Replies: 16
Views: 1157

Re: Have you coyrighted a poem?

Basically, it's done. You don't need to do anything unless you're pursuing something in court, which you are almost guaranteed not to be over a personal poem.

I've self-published six books, and I didn't bother to register any of them with the copyright office. It's just not necessary.
by Quirkz
Mon Sep 16, 2019 10:31 am
Forum: Personal Investments
Topic: Now what?
Replies: 15
Views: 1637

Re: Now what?

I find "I'm writing my memoir" shuts off that line of conversation pretty quickly, too.

Of course you might get the stray literary type who's really excited by the topic, but most will want to back away slowly.
by Quirkz
Mon Sep 16, 2019 10:27 am
Forum: Personal Investments
Topic: Can I PRE-tire yet?
Replies: 10
Views: 2320

Re: Can I PRE-tire yet?

I agree with others that the math works. Just kind of running through the big line-item expenses to make sure there aren't any other gotchas: Would the pre-tire job still cover health insurance? Or is the difference included in your estimated annual expenses? No kids/college expenses? Your housing s...
by Quirkz
Fri Sep 13, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 6886

Re: Whistleblowing / Going Rogue at Work

This whole thing is crazy. Your #1 job as an employee is to make your boss look great to his boss. I disagree vehemently with this assessment of what work is about. Almost all of us have jobs to do that are not marketing our supervisors. I'm all for cooperation and productivity, but in my entire li...
by Quirkz
Thu Sep 12, 2019 11:51 am
Forum: Personal Investments
Topic: undervalued in the current crazy market
Replies: 19
Views: 1790

Re: undervalued in the current crazy market

And are they really uncorrelated? If I am not mistaken, when the economy is doing badly, which is when you really need the protection, stocks and bonds may move in the same direction. Isn't that what happened in the 1970s? Yes, that's what uncorrelated means. They act independently. This means they...
by Quirkz
Thu Sep 12, 2019 11:35 am
Forum: Personal Investments
Topic: undervalued in the current crazy market
Replies: 19
Views: 1790

Re: undervalued in the current crazy market

gram wrote:
Thu Sep 12, 2019 11:16 am
Given stocks and bonds correlate against each other
This is not a given. They are supposedly uncorrelated, not anti-correlated.
by Quirkz
Thu Sep 12, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Understand 401k Match
Replies: 16
Views: 1517

Re: Help Me Understand 401k Match

I agree it's poorly worded.

[Edit: nevermind, sjt had it right. Removing bad suggestion]

Best bet: talk to HR and ask for clarifications and examples.
by Quirkz
Thu Sep 12, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Understand 401k Match
Replies: 16
Views: 1517

Re: Help Me Understand 401k Match

They put in a quarter of what you put in. The limit is they contribute 1% of your salary if you contribute 4% or more.
by Quirkz
Mon Sep 09, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 12584

Re: 5% Withdrawal Rate Recommended by US News Columnist

I remember the first time I ran through a retirement plan, maybe a year or two after college, I figured a 5% rate was a good baseline. Of course, that's what CDs were paying back then, so it was an interest-only system.
by Quirkz
Wed Sep 04, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3565

Re: How often do you receive out-of-sequence pay bumps?

I'm 44, and I've had either 2 or 3, depending on what you count. - Once my boss at a state university did a salary analysis of his team and realized that we were being paid less than average for other similar positions within the university. This caused the university to give us all 4% raises mid-ye...
by Quirkz
Wed Sep 04, 2019 11:17 am
Forum: Personal Investments
Topic: Learnings/Regrets from last two recessions
Replies: 91
Views: 12962

Re: Learnings/Regrets from last two recessions

During the dot-com bust I was in the tech field. When work got slow my boss scolded me for not having enough on the timesheet, and somehow taking it as my fault, I went ahead and quit. Huge mistake, but a valuable lesson: do not quit your job in a bad economy without a new job lined up. Almost immed...
by Quirkz
Fri Aug 30, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: Block Facebook "Sponsored" Ads?
Replies: 11
Views: 1419

Re: Block Facebook "Sponsored" Ads?

RJC wrote:
Thu Aug 29, 2019 6:59 pm
Quirkz wrote:
Thu Aug 29, 2019 4:27 pm
I've gotten a lot of mileage out of a plugin called FB Purity. It's got a pretty flexible set of tools for what to block or allow. I think FB sponsored items are on the list.
Does this work on the mobile FB app?
I don't know, sorry. I've only used it on the computer.
by Quirkz
Thu Aug 29, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: Block Facebook "Sponsored" Ads?
Replies: 11
Views: 1419

Re: Block Facebook "Sponsored" Ads?

I've gotten a lot of mileage out of a plugin called FB Purity. It's got a pretty flexible set of tools for what to block or allow. I think FB sponsored items are on the list.
by Quirkz
Tue Aug 27, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 8288

Re: Should I purchase a $30k car?

You really aren't buying a 30K car. You are buying a 30K + Prior Lease Payments car. This is not relevant in any way. The lease decision was already made. To buy it or not is a completely new decision. Sure, it's relevant: "Should I buy a $30k USED car" is a different question than "should I buy a ...
by Quirkz
Tue Aug 27, 2019 3:57 pm
Forum: Personal Investments
Topic: Mega 529s!!
Replies: 13
Views: 2077

Re: Mega 529s!!

Yeah, I don't know about that one. They're a potentially useful shelter, especially if you can get some state tax deductions, but there's almost always a cap on that benefit. You haven't said, but you'd want to make sure you're making use of other tax-advantaged options first (IRA/Roth) first. Also,...
by Quirkz
Mon Aug 26, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Projecting a Growth Rate for My Net Worth
Replies: 12
Views: 1268

Re: Projecting a Growth Rate for My Net Worth

I would put it all in a spreadsheet, like Excel. Like Supurdueper said, I'd separate the different assets to give them different growth rates. For investments, the equation would look like: (LastYearValue * GrowthRate) + AdditionalSavings - because the old amount is growing by a percentage, but you'...