Search found 968 matches

by Brianmcg321
Wed Oct 02, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 9574

Re: Wedding Finances-Today

Pay them 10k to elope.
by Brianmcg321
Wed Oct 02, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 8775

Re: Recourse for "Stolen" Money

I think what the most shocking thing to me about this whole situation, is that Western Union still exists, and that somebody used it. :oops:
by Brianmcg321
Mon Sep 30, 2019 6:05 am
Forum: Personal Consumer Issues
Topic: Options for streaming CBS-TV?
Replies: 23
Views: 2424

Re: Options for streaming CBS-TV?

Switch to Hulu or YouTube TV. They carry local stations.
by Brianmcg321
Sat Sep 28, 2019 6:27 pm
Forum: Personal Investments
Topic: 401k Rollover, how badly did I mess this one up?
Replies: 16
Views: 1075

Re: 401k Rollover, how badly did I mess this one up?

In 20 years you won't even remember
by Brianmcg321
Sat Sep 28, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4708

Re: Going to a wedding party

Keep your fingers crossed for an open bar, and you will have a great time.
by Brianmcg321
Sat Sep 28, 2019 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Parents to add me to the deed of their rental property. Is this a good idea?
Replies: 23
Views: 1610

Re: Parents to add me to the deed of their rental property. Is this a good idea?

If these weren't your parents, would you want to be included in a lawsuit of some landlord and a housekeeper you didn't know?
by Brianmcg321
Fri Sep 27, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to get rid of a car
Replies: 48
Views: 4229

Re: How to get rid of a car

I've sold two cars on craigslist. Both went off with no issues and were paid with cash. They were both less than $4,000 though.
by Brianmcg321
Fri Sep 27, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3564

Re: Convince me not to raid my Roth to buy first condo

Your stealing from your 60yr old self. Stealing from seniors is wrong.
by Brianmcg321
Fri Sep 27, 2019 3:47 pm
Forum: Personal Investments
Topic: Need Advice in Investing 1.3 million dollars which is all cash.
Replies: 8
Views: 1917

Re: Need Advice in Investing 1.3 million dollars which is all cash.

https://jlcollinsnh.com/

I would have an accountant. But he's just there once a year to do your taxes.

Take a few weeks and read the blog at the link I attached. You will feel a lot better and will get better returns that 90% of money managers out there.
by Brianmcg321
Fri Sep 27, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: Index Funds are bad because in tough times traders sell a lot?
Replies: 30
Views: 2837

Re: Index Funds are bad because in tough times traders sell a lot?

LOL. Just mental gymnastics.

It doesn't make any sense at all.
by Brianmcg321
Fri Sep 27, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Buying expensive TVs online
Replies: 54
Views: 4608

Re: Buying expensive TVs online

A couple of months ago I purchased a 62” smart Roku HDTV. $299. Why spend more than $500 when they can be had so cheap now. Probably a TCL TV, and I agree! We own three of them now between both houses. One has been mounted under the house at the beach since spring and no issues. Of course, it was o...
by Brianmcg321
Thu Sep 26, 2019 3:37 pm
Forum: Personal Investments
Topic: Index fund behind the scenes
Replies: 27
Views: 3002

Re: Index fund behind the scenes

Sorry if this is explained elsewhere, but I'm having hard time putting my question into a decent query. I understand how index funds choose what to buy. But I dont understand how the stocks the index fund owns changes. For instance, let's say I buy a make believe S&P 10 fund. Some stocks on that li...
by Brianmcg321
Thu Sep 26, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Buying expensive TVs online
Replies: 54
Views: 4608

Re: Buying expensive TVs online

A couple of months ago I purchased a 62” smart Roku HDTV. $299. Why spend more than $500 when they can be had so cheap now.
by Brianmcg321
Tue Sep 24, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Success without 401k or Stocks?
Replies: 51
Views: 4172

Re: Success without 401k or Stocks?

Your fear of the stock market is irrational. You should buy some investing books and learn more.

The market is always near the top.
by Brianmcg321
Sun Sep 22, 2019 4:36 pm
Forum: Personal Investments
Topic: Old employer forcing out of 401k-rollover options?
Replies: 14
Views: 1087

Re: Old employer forcing out of 401k-rollover options?

Just roll it over to a Vanguard IRA.
by Brianmcg321
Sun Sep 22, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: What do you think about Dan Wiener
Replies: 82
Views: 7187

Re: Anyone here subscribe to Dan Wiener's Vanguard newsletter?

Looks waaaay overpriced for information you can get for free here or at Vanguard.
by Brianmcg321
Sun Sep 22, 2019 2:38 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 11234

Re: I am being asked to retire. Am I ready?

Take it and run.

:beer
by Brianmcg321
Sun Sep 22, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab new book
Replies: 7
Views: 1339

Re: Charles Schwab new book

The first investing book I ever read 20 yrs ago was Schwab’s “Guide to Financial Independence”. I couldn’t have started with a better book. I still loan it out to this day.

Looking forward to this one.
by Brianmcg321
Sat Sep 21, 2019 8:33 am
Forum: Personal Investments
Topic: Has anyone heard of Beta Shield?
Replies: 27
Views: 1765

Re: Has anyone heard of Beta Shield?

This sounds like a plan a kid in junior high would come up with.

SELL LOW, BUY HIGH!

What a great idea.
by Brianmcg321
Sat Sep 21, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance advice needed
Replies: 12
Views: 1188

Re: Term Life Insurance advice needed

Does your wife work?

Does she have insurance also?

One rule of thumb is 10x your salary.

But for my wife and I we calculated what we really needed and came up with 500k each. She is a stay at home mom, but she can easily find a nursing job part time if needed. So we didn't feel we needed any more.
by Brianmcg321
Fri Sep 20, 2019 7:51 pm
Forum: Personal Consumer Issues
Topic: Need help with car trading dilemma.....
Replies: 16
Views: 1620

Re: Need help with car trading dilemma.....

I would choose option 2. RDXs are pretty sweet.

Then just put an add in craigslist for the sedan. It only takes a couple of minutes.
by Brianmcg321
Fri Sep 20, 2019 10:40 am
Forum: Investing - Theory, News & General
Topic: What happens to reinvested dividends' missing money?
Replies: 11
Views: 1217

Re: What happens to reinvested dividends' missing money?

I'm pretty sure this was from Superman III. Just look for some guy in IT driving a new Ferrari.
by Brianmcg321
Fri Sep 20, 2019 7:39 am
Forum: Personal Investments
Topic: Roth IRA - Contributing too much too soon? (21 y/o)
Replies: 25
Views: 2344

Re: Roth IRA - Contributing too much too soon? (21 y/o)

I think you've been reading to much about FIRE.

Keep the money in the Roth. Never touch it until your 60.

When you graduate and get a good job, start saving for the house, etc.

But you should always contribute as much as you can to tax-deferred accounts.
by Brianmcg321
Thu Sep 19, 2019 9:08 pm
Forum: Personal Consumer Issues
Topic: **UPDATE** Credit card dispute - what are best practices?
Replies: 34
Views: 2796

Re: Credit card dispute - what are best practices?

There are a few magazines I wouldn't mind having a subscription to, but they only offer the auto renewal at the end of your current subscription. Which basically means they double the rate. So I don't subscribe.
by Brianmcg321
Thu Sep 19, 2019 6:17 am
Forum: Personal Investments
Topic: 1Mil$ Dollar-Cost Averaging is a strategy
Replies: 48
Views: 3032

Re: 1Mil$ Dollar-Cost Averaging is a strategy

Jack FFR1846 wrote: Wed Sep 18, 2019 9:22 am I would DCA the entire amount in the span of one day.
This.
by Brianmcg321
Wed Sep 18, 2019 8:07 pm
Forum: Personal Investments
Topic: New 401k and Old 401k advice (portfolio too)
Replies: 5
Views: 341

Re: New 401k and Old 401k advice (portfolio too)

I would just roll it over. Her new 401k has some great Vanguard choices. Also, if she rolls it over and if she decides to retire or is laid off at 55 you all would have access to it then without penalty.
by Brianmcg321
Wed Sep 18, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: Best financial books for a new investor.
Replies: 15
Views: 1082

Re: Best financial books for a new investor.

JL Collins, "The Simple Path to Wealth"

Also his blog. https://jlcollinsnh.com/
by Brianmcg321
Wed Sep 18, 2019 7:48 pm
Forum: Personal Investments
Topic: Traditional 401K, Roth 401K, or Both
Replies: 17
Views: 1177

Re: Traditional 401K, Roth 401K, or Both

I am currently in the lower tax bracket right now but would anticipate moving up to a higher bracket (24%) within a few years and may retire in that same bracket. Would I compound more interest having the majority of my retirement into one 401K plan instead of splitting the funds 50/50? Thank you. ...
by Brianmcg321
Tue Sep 17, 2019 9:20 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5755

Re: $2k repairs on $12K car

Car threads like this baffle me. You don't want to spend 2k, but will gladly spend 20-30k on a new car? Which will need the same repairs in a few years time and then the whole juggling act starts over again. Looking at your list of "repairs" though, it looks like just basic maintenance. You can easi...
by Brianmcg321
Tue Sep 17, 2019 11:26 am
Forum: Investing - Theory, News & General
Topic: DCA vs. Lump Sum- an interesting analysis
Replies: 62
Views: 4860

Re: DCA vs. Lump Sum- an interesting analysis

In summer 1998 as a fairly recent college grad I lump summed a then-significant amount of cash into an S&P500 fund into a taxable account and reinvested dividends. It peaked in summer 2004, then took a dive, went back up, 2008/2009 hit, and ultimately took 12years for it to get back to its original...
by Brianmcg321
Tue Sep 17, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: DCA vs. Lump Sum- an interesting analysis
Replies: 62
Views: 4860

Re: DCA vs. Lump Sum- an interesting analysis

In summer 1998 as a fairly recent college grad I lump summed a then-significant amount of cash into an S&P500 fund into a taxable account and reinvested dividends. It peaked in summer 2004, then took a dive, went back up, 2008/2009 hit, and ultimately took 12years for it to get back to its original...
by Brianmcg321
Tue Sep 17, 2019 7:36 am
Forum: Personal Investments
Topic: Investing in Retirement
Replies: 11
Views: 2041

Re: Investing in Retirement

Nothing lazier than the Vanguard Balanced Index Fund. .07% ER. 60/40.
by Brianmcg321
Mon Sep 16, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: New iPhone on sale for $599.99
Replies: 52
Views: 4433

Re: New iPhone on sale for $599.99

Although it does seem expensive for a phone consider this: My wife and I were having a conversation about finances. I go paid my bonus early due to our company changing hands. So while discussing it with her, on my Iphone, I transferred money from our checking to savings. Paid for our condo next mon...
by Brianmcg321
Mon Sep 16, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Used Tesla S or new Tesla 3?
Replies: 40
Views: 3885

Re: Used Tesla S or new Tesla 3?

If you are deciding between these two I would ask how big of a car do you need/want?

The model S is a full size boat of a car. It has amazing performance, but a lot of Tesla forum members traded it in for the 3 because they just didn't need such a large vehicle.
by Brianmcg321
Mon Sep 16, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Mustang...GT or Ecoboost?
Replies: 42
Views: 2730

Re: Mustang...GT or Ecoboost?

If you getting a Mustang or an F150 always get the V8.

There's just something about that naturally aspirated V8 rumble. You don't really get the same sound out of the ecoboost.
by Brianmcg321
Mon Sep 16, 2019 12:31 pm
Forum: Personal Investments
Topic: Average 401k rollover time (by direct check).
Replies: 6
Views: 497

Re: Average 401k rollover time (by direct chec

We rolled over my wife's account from Voya to Vanguard recently. The whole process took about 3 weeks. Once it was initiated they had to mail some forms to her to sign then mail back. Then they sent the check via mail to Vanguard.
by Brianmcg321
Sun Sep 15, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Stubborn water spots on car paint - help!
Replies: 12
Views: 752

Re: Stubborn water spots on car paint - help!

Wash
Clay
Compound
Polish
Wax


It can be a pretty big job, taking a weekend to complete but it's worth it. Or just pay a detailer.

Here is a video of a corvette paint restoration.

http://youtu.be/2Dkz0udbxAM
by Brianmcg321
Sun Sep 15, 2019 8:06 am
Forum: Personal Investments
Topic: Need help with 401K rollover company selection
Replies: 9
Views: 663

Re: Need help with 401K rollover company selection

There's no need to complicate it.

Keep everything at Vanguard.

Read the wiki about the three fund portfolio.

A simple portfolio is not only easy to manage, but will have lower fees, and a much higher return than if you let someone else manage it for you.

Take your time to educate yourself.
by Brianmcg321
Sat Sep 14, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 34947

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Unfortunately most people are just dumb. They think if they are not able to do it, then nobody can.

If you went to the Mr Money Mustache forum, you'd be chastised for not saving 90% of your income. You'd be mr spendy pants in your clown house and your cable and not riding your bike to work.
by Brianmcg321
Sat Sep 14, 2019 10:42 am
Forum: Personal Investments
Topic: 401K-What funds should I pick
Replies: 21
Views: 1705

Re: 401K-What funds should I pick

Read the thread and wiki on the three fund portfolio.

Your current allocation has a lot of overlap in the 500 and total index.

Past performance has no guarantee on future results.

Get your asset allocation right and forget it.
by Brianmcg321
Fri Sep 13, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: About to close on home and discovered Lien on home??
Replies: 25
Views: 3648

Re: About to close on home and discovered Lien on home??

You should call the owners every day and ask them for an update and what's taking so long? :D
by Brianmcg321
Fri Sep 13, 2019 8:14 am
Forum: Investing - Theory, News & General
Topic: Why the stock market may continue to go up
Replies: 10
Views: 2492

Re: Why the stock market may continue to go up

https://jlcollinsnh.com/2012/04/19/stocks-part-ii-the-market-always-goes-up/ If you were to look at a stock market chart it looks like we are now at the top of a high mountain. But in 30 years 2019 will look like its down in the valley. Everyone that stayed in the market will look down at 2019 and t...
by Brianmcg321
Fri Sep 13, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance vs Permanent Life
Replies: 26
Views: 1853

Re: Term Life Insurance vs Permanent Life

The answer is always TERM.

Everything else is garbage.
by Brianmcg321
Thu Sep 12, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6529

Re: How many years for each $250k of net worth?

Just use any investment calculator with a given rate of return and adding funds monthly. For example: Saving $1000 a month with an 8% return: First 250k will be reached by year 13 2nd 500k will be reached by year 19 3rd 750k will be reached by year 23 4th 1mil will be reached by year 26 Your next mi...
by Brianmcg321
Thu Sep 12, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: UPDATE: Vanguard Target Date Fund almost always better than Edward Jones?
Replies: 36
Views: 3592

Re: UPDATE: Vanguard Target Date Fund almost always better than Edward Jones?

On average, and with all other things being equal, would those who choose a Vanguard Target Date fund, that matches the date they will need the money, almost always come out ahead of the average Edward Jones advising (assuming loads, fees, higher ERs, etc.)? I'll be a contrarian here, and say NO, a...
by Brianmcg321
Wed Sep 11, 2019 8:29 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 10348

Re: Too Late To Get Back Into Stocks?

Tariffs have been pushed back two weeks. Get ready for that 300 pt bump in the morning. Should have got in today. Maybe it will come down again.
by Brianmcg321
Wed Sep 11, 2019 11:26 am
Forum: Personal Investments
Topic: Using "dry powder" to buy the dips for a mostly buy-and-holder
Replies: 17
Views: 3154

Re: Using "dry powder" to buy the dips for a mostly buy-and-holder

Dry powder is just a drag on your return until you get it in the market.
by Brianmcg321
Wed Sep 11, 2019 7:23 am
Forum: Personal Investments
Topic: New To This, Just Read Bogle's Little Book of Common Sense Investing!
Replies: 10
Views: 1399

Re: New To This, Just Read Bogle's Little Book of Common Sense Investing!

Read the thread in the theory section on the three fund portfolio. Great stuff. Also check out this blog by JL Collins https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005 And the Bogleheads wiki has tons of great information. The simple way to get everything into a Bogleheads portfolio: 1. S...