Search found 195 matches

by abracadabra11
Sun Jul 27, 2014 12:34 pm
Forum: Personal Investments
Topic: I have access to a military TSP...worth it?
Replies: 13
Views: 2734

Re: I have access to a military TSP...worth it?

I guarantee that some time in the future you will look back on your time as an O-1->O-3 and your biggest regret will be not investing in TSP earlier. Start today and max it as soon as you can. Don't forget that you can allocate additional contributions when deployed to a combat zone (up to $52,000 -...
by abracadabra11
Sat Jun 21, 2014 10:58 am
Forum: Personal Consumer Issues
Topic: Moving back to the U.S. - Any ideas on a hatchback car?
Replies: 33
Views: 3307

Re: Moving back to the U.S. - Any ideas on a hatchback car?

Another +1 for the Fit. I can't speak much to its snow capabilities, but I'm sure it's nothing a set of snow tires can't do.
by abracadabra11
Tue May 20, 2014 9:44 pm
Forum: Personal Investments
Topic: Talk me out of or into keeping individual stock
Replies: 42
Views: 4381

Re: Talk me out of or into keeping individual stock

I've got one stock in my portfolio. It has underperformed my equity portfolio as long as I've had it (since 2010). I'm keeping it just as a reminder of why I shouldn't dabble in stocks. It's less than 1% of my total portfolio so I think I get more from keeping it (i.e. consistent reminder to stay th...
by abracadabra11
Thu May 15, 2014 10:02 pm
Forum: Personal Consumer Issues
Topic: New Google Moto-E smartphone for $129
Replies: 42
Views: 5460

Re: New Google Moto-E smartphone for $129

What kind of cell phone plans and with what companies will people get with this? Whenever I run the numbers, going with a contract with Verizon always seems best for me. This is an unlocked GSM phone. You'll have to sign up with AT&T, TMobile, or a 3rd party provider like Consumer Cellular for ...
by abracadabra11
Mon May 12, 2014 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Start an Investment Company
Replies: 33
Views: 3192

Re: Start an Investment Company

I've got more than 1MM in a taxable account.

Give me 5 stocks that in aggregate will provide a greater return on a risk-adjusted basis than VTSAX over the next 12 months and you'll have your first investor.
by abracadabra11
Sat Apr 26, 2014 11:15 am
Forum: Personal Investments
Topic: 28 yo looking to switch from active to passive [military]
Replies: 10
Views: 2530

Re: 28 yo looking to switch from active to passive [military

Paul provided some great guidance. I recommend that you reevaluate your desired asset allocation. 90/10 split with a 14-year investment horizon for a down payment on a home is overly risky in my opinion. Working backwards from your goal can be a useful exercise. Figure out how much of a down payment...
by abracadabra11
Sat Mar 08, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club
Replies: 24
Views: 3644

Re: 2 Comma Club

In my experience, the first half million is the hardest part. After that, it seems like the portfolio takes on a life of its own; coupled with my continued savings, the 2nd half million is easy, and the 2nd million is inevitable... This should be immortalized in BH lore. This speaks to many of the ...
by abracadabra11
Sat Mar 08, 2014 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 10275

Re: Can I retire yet?

You can definitely retire, but you're going to have to make some choices with regard to your current home and the non-essential costs that you mentioned (I would venture that you can probably achieve a fare amount of savings in your essential costs category -$120,000 is an awful lot for car, food ut...
by abracadabra11
Thu Mar 06, 2014 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Accounts? - Married Couples
Replies: 82
Views: 7456

Re: Joint or Separate Accounts? - Married Couples

My wife and I are in a similar position to you and your wife (income-wise). We made basically the same amount for ~ 4 years, but she now makes about ~40k less than me (after taxes). We each have our own checking/savings - no joint checking/savings. I pay all the bills from my account and then she se...
by abracadabra11
Tue Mar 04, 2014 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another rental property question
Replies: 9
Views: 1331

Re: Another rental property question

I would recommend that you negotiate regardless of how you feel about the ability to do so. You never know what the other party's interests are until you start making offers and asking questions. Purchase price is not the only point for negotiation, so be sure to consider other factors such as closi...
by abracadabra11
Tue Mar 04, 2014 5:48 pm
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 10553

Re: Used $35k Porsche on $64k income?

There are plenty on this forum that take home more than twice what you do, yet don't own a $35k car (new or used). Take that at face value - this is a frugal-oriented investing website. But if you're asking whether it's financially prudent, then the answer is clear: No.
by abracadabra11
Mon Mar 03, 2014 4:07 pm
Forum: Personal Investments
Topic: Any reason NOT to convert to Admiral Funds?
Replies: 16
Views: 3641

Re: Any reason NOT to convert to Admiral Funds?

Just wanted to say thank you.

I had forgotten to review one of my Vanguard accounts for this very change. .10% vs .24% expense ratio - more money saved because of BH forums.
by abracadabra11
Sat Mar 01, 2014 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 173
Views: 23850

Re: What was your dumbest financial decision?

Waiting to start investing in TSP. I opted to not invest in TSP for the first 4 years or so while I was in the military because its funds were just 'average'. How little I knew at the time... To make matters worse I was investing in a taxable account with an investment adviser. Fortunately, I read t...
by abracadabra11
Thu Feb 27, 2014 7:43 pm
Forum: Personal Investments
Topic: Hard Sell From Fidelity about a Rollover to the TSP
Replies: 26
Views: 3931

Re: Getting the Hard Sell from Fidelity

Hi-pressure tactics are just that - an attempt to get you to reconsider your rational course of action using the powerful psychological forces of repetition and consistency. There's no doubt that Fidelity can offer you a much broader range of investing options and that TSP is limited in its variety....
by abracadabra11
Sun Feb 02, 2014 8:09 pm
Forum: Personal Investments
Topic: TSP over contribution
Replies: 12
Views: 3038

Re: TSP over contribution

I over-contributed by about $3500 for 2013 - it was refunded to my bank account on this month's LES automatically.
by abracadabra11
Tue Jan 21, 2014 6:07 pm
Forum: Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 15199

Re: Evaluate my finances. Young guy.

I think your plan is great. You should probably go on an AOR and try to increase the amount of capital that you can access for additional leverage - more is better, right? :beer Do us all a favor and continue to update us on your continued success. There's no way this will turn out poorly for you co...
by abracadabra11
Sat Jan 18, 2014 12:16 pm
Forum: Personal Investments
Topic: Are we on track for 33?
Replies: 19
Views: 3686

Re: Are we on track for 33?

Good advice throughout. I would focus on paying off the 5% and two 6.8% loans on an accelerated basis, but would let the 145k @ 3.38% be paid per the terms of the loan. I would also let the mortgage run its course (though consider refinancing if the terms are favorable). Any additional income would ...
by abracadabra11
Fri Jan 17, 2014 9:14 pm
Forum: Personal Consumer Issues
Topic: Truck/Car Envy....How do You Deal with It?
Replies: 64
Views: 7516

Re: Truck/Car Envy....How do You Deal with It?

By giving everyone else vacation envy.

I spend half on vacations what they do on their car, pocket the difference and the amazing experience.
by abracadabra11
Mon Jan 13, 2014 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Renting Our Starter Home - Pros and Cons
Replies: 31
Views: 4580

Re: Renting Our Starter Home - Pros and Cons

I think you need to forget about your history with your first house, and just evaluate as an investment today. $975, or later $905 per month versus $1100/month is one thing, but have you accounted for maintenance costs, vacancy costs (I believe 1 month/year is pretty standard except in special circ...
by abracadabra11
Sun Jan 12, 2014 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Investing vs Mortgage Priority
Replies: 22
Views: 3638

Re: Investing vs Mortgage Priority

I voted for the leveraging method. This board often tilts towards paying down a mortgage as fast as possible. Although this helps one become debt free in a shorter time horizon, it fails to recognize that debt isn't inherently bad. Investing as much money as you can will allow you to achieve the gre...
by abracadabra11
Sat Jan 11, 2014 12:31 pm
Forum: Personal Consumer Issues
Topic: 2 dogs and a 2013 honda fit base
Replies: 5
Views: 865

Re: 2 dogs and a 2013 honda fit base

Fellow fit owner. It's versatility is fantastic for dogs (or most other things too). I'd recommend some good training to keep them in the backseat. Although it took some time, our dog has finally learned to not enter the vehicle through the front doors when open and stay in the back seat during trip...
by abracadabra11
Fri Jan 10, 2014 10:23 pm
Forum: Personal Investments
Topic: Roth TSP and mypay
Replies: 4
Views: 1621

Re: Roth TSP and mypay

Agreed. Not your fault here.

I noticed the same thing and actually tried to get some 'extra' cash into TSP because of the hiccup. We'll see how it turns out.
by abracadabra11
Sat Dec 14, 2013 9:59 pm
Forum: Personal Investments
Topic: 28 y/o Investor With 1M Portfolio Needs Advice
Replies: 31
Views: 6178

Re: 28 y/o Investor With 1M Portfolio Needs Advice

I'm going to be more frank than other posters. Lamborghini is a bad financial move. If retiring early is your goal, then don't waste your money. 1M at your age is enviable, but it's chunk change if you plan on dropping 200-300k on a car. That kind of spending wouldn't even cross my mind unless I had...
by abracadabra11
Fri Dec 13, 2013 6:42 pm
Forum: Personal Investments
Topic: 25y/o making $30k
Replies: 16
Views: 1751

Re: 25y/o making $30k

Sell the car and buy a low-mileage, old budget vehicle for <$8,000.

You don't make enough money to own a $16k car.

Kudos on prioritizing savings - that's not easy at that income level. But realize your expenses will balloon the day you leave your parents' home.
by abracadabra11
Thu Dec 12, 2013 12:17 pm
Forum: Personal Investments
Topic: REIT in IRA/Roth
Replies: 3
Views: 765

Re: REIT in IRA/Roth

Nope. REITs are tax inefficient since they are required to pay out 90% of their dividend income each year. This makes them a great candidate for tax sheltered accounts.
by abracadabra11
Tue Dec 10, 2013 7:32 pm
Forum: Investing - Theory, News & General
Topic: "MAN IN THE ARENA" -- A Gem
Replies: 9
Views: 3713

Re: "MAN IN THE ARENA" -- A Gem

I thought you meant the REAL Man in the Arena... It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blo...
by abracadabra11
Sun Dec 08, 2013 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Joint Return or Married Filing Separately?
Replies: 9
Views: 773

Re: Taxes - Joint Return or Married Filing Separately?

Facts matter. Virginia - no. Primary residence titled in my name. Rental titled in spouse's name . It is possible to allocate capital gains and rental income to a single spouse when accounts are titled jointly ? Is it or isn't it? Facts still matter. You can't have it both ways. Wasn't specific eno...
by abracadabra11
Sun Dec 08, 2013 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Joint Return or Married Filing Separately?
Replies: 9
Views: 773

Re: Taxes - Joint Return or Married Filing Separately?

sscritic wrote:Community property state? Facts matter.
Properties are in Virginia - no. Primary residence titled in my name. Rental titled in spouse's name.
Taxes filed as Florida resident - military.
by abracadabra11
Sun Dec 08, 2013 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Joint Return or Married Filing Separately?
Replies: 9
Views: 773

Re: Taxes - Joint Return or Married Filing Separately?

So the IRA contribution is definitely a hiccup. But the original question still stands - what about capital gains, rental income, and charitable contributions? Can those be split or allocated to one spouse exclusively?
by abracadabra11
Sun Dec 08, 2013 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Joint Return or Married Filing Separately?
Replies: 9
Views: 773

Taxes - Joint Return or Married Filing Separately?

BL: It is possible to allocate capital gains and rental income to a single spouse? Brokerage account is joint. Rental is in spouse's name. Background: My wife and I have historically made similar incomes, so we have file our taxes as a joint return in the past. However, my wife was unemployed for ab...
by abracadabra11
Sat Nov 30, 2013 10:49 am
Forum: Personal Investments
Topic: Financial Windfall
Replies: 8
Views: 1939

Re: Financial Windfall

Wow, I had no idea we took care of our military so well with pensions and social security. You need to decide whether you want the money to spend or leave as legacy. You are well below estate tax territory. Maybe a 3 fund portfolio with a 40/60 allocation? In general, we don't. This is only true fo...
by abracadabra11
Wed Nov 27, 2013 6:40 pm
Forum: Investing - Theory, News & General
Topic: Using Credit Card to Invest
Replies: 32
Views: 3824

Re: Using Credit Card to Invest

It wasn't uncommon for folks to do this by accumulating extremely large credit lines and utilizing balance transfers, cash advances, and checks to access the credit funding. Depending on the terms of the credit card being used, you could write a check directly in your name and receive the funds that...
by abracadabra11
Sat Nov 23, 2013 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Pay property taxes in Dec or Jan?
Replies: 29
Views: 3359

Re: Pay property taxes in Dec or Jan?

What impact does this have if your property taxes are automatically distributed by the company servicing your mortgage? Does the county issue a refund at the end of each month to the servicing agent? Is that then reimbursed to the homeowner?
by abracadabra11
Tue Oct 29, 2013 10:33 am
Forum: Investing - Theory, News & General
Topic: New ibond rates for nov 2013
Replies: 45
Views: 9213

Re: New ibond rates for nov 2013

People keep coming up with inflation shenanigans. I don't see it...We drive the car about the same....heat and light the house about the same.... Our personal inflation?. Here are a few items comparing the last 5 years. So far in 2013, it seems to be following. I WILL ADD THE TOTAL OF ALL MY SPENDI...
by abracadabra11
Sun Oct 13, 2013 6:53 pm
Forum: Personal Consumer Issues
Topic: Gmail alternative recommendations?
Replies: 81
Views: 22017

Re: Gmail alternative recommendations?

How much money have you paid to Google over the years as a 'customer'? The answer is likely 0 or close to it unless you're a Nexus owner. Since Google makes money every time someone clicks through on an ad, users have indeed "paid" money to it. I briefly had a gmail account. You can set u...
by abracadabra11
Fri Oct 11, 2013 12:42 pm
Forum: Personal Consumer Issues
Topic: Gmail alternative recommendations?
Replies: 81
Views: 22017

Re: Gmail alternative recommendations?

Ultimately if you are concerned about intrusion of companies your only real option is to register a domain and host it yourself. Anyone who thinks Apple doesn't snoop in people's data is very naive. I am a huge privacy / security advocate and I use gmail, I like the feature set and the spam filteri...
by abracadabra11
Fri May 07, 2010 2:48 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

Updated Plan: Taxable (2.5k/yr new money) 10.4% Fidelity Spartan 500 Index (FSMKX) ROTH (5k/yr new money) 14.6% Vanguard FTSE ex US Large (VFWIX) 6.3% Vanguard FTSE ex US Small (VFSVX) TSP (16.5k/yr new money) 25% G - This covers the 25% bond requirement 25% C - This covers 55% of the domestic large...
by abracadabra11
Tue May 04, 2010 7:39 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

Re: Reorganizing my Investments - Help/Advice Appreciated

With $700/mo ($8400) going to TSP, the choice is strictly G Fund... and the reason to limit TSP to the one fund. Why would the choice be restricted or best suited to the G fund? Is it about tax efficiency? Or properly balancing my 25% bond requirement? Or both? Perhaps neither. Please explain and b...
by abracadabra11
Tue May 04, 2010 7:26 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

The G fund is equivalent to the Treasury giving you earned interest on 10 yr Notes every day for free. G fund yield for April is 3.375%; F fund yield is approx 3.33%. Since you can get the G fund yield for free( with no downside risk), on the margin buying F fund is equivalent to buying a fund with...
by abracadabra11
Sun May 02, 2010 7:56 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

Yes, you could stay at Fidelity and build a portfolio out of Vanguard ETF's. I wold not use the ishares in taxable because the expense ratios are higher for almost every asset class. If you invest regularly, then invest in Vanguard funds at Vanguard would be cheaper than Vanguard ETF's and ishares....
by abracadabra11
Sun May 02, 2010 6:14 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

I'm curious about the push to Vanguard. I already have my investments at Fidelity. Why not just keep the money there and use their iShares ETFs rather than moving to Vanguard? Although Vanguard offers significantly more funds (and are generally at a lower expense ratio), there are sufficient offerin...
by abracadabra11
Sun May 02, 2010 12:17 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

Re: Reorganizing my Investments - Help/Advice Appreciated

Goals 1. Create a more passive portfolio 2. Simplify my current portfolio 3. Consolidate accounts at fewer institutions if possible Age: 26 Desired Asset allocation: 75% stocks/25% bonds Intl allocation: 30% of stocks I'd like Mid/small caps to be ~ 35% of the overall portfolio Current portfolio ~8...
by abracadabra11
Sun May 02, 2010 9:57 am
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

Thanks for the reply.

I like the idea of exclusively using the TSP G fund for the bond allocation.

Unfortunately, there are no matching contributions when it comes to TSP.
by abracadabra11
Sat May 01, 2010 7:43 pm
Forum: Personal Investments
Topic: Reorganizing my Investments - Help/Advice Appreciated
Replies: 21
Views: 4364

Reorganizing my Investments - Help/Advice Appreciated

I accidentally posted this in the wrong section. This should be right. I'm new to the forum (I'm an old Fatwallet browser) and have been looking to change my current investment strategy. I originally had my investments with Merrill Lynch, but left after problems with auction rate securities. I moved...