Search found 135 matches

by Xpe
Fri Nov 28, 2014 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should 529s be counted part of our net worth?
Replies: 34
Views: 3861

Re: Should 529s be counted part of our net worth?

On the other hand, if you wish to be as you say "conservative", you can consider the plan to be what we say in accounting is a "contra-asset" - it's there, but in brackets under the asset column, you can use it, but you really don't want to unless push comes to shove. Nothing wrong with it not bein...
by Xpe
Thu Nov 27, 2014 5:36 pm
Forum: Personal Consumer Issues
Topic: Buying a Computer. Need recommendations.
Replies: 52
Views: 7131

Re: For me.

davebarnes wrote:8GB of RAM is the least I would buy.
Windows 7, never 8.
Agreed on 8gb of ram.

On windows8, it's actually not that bad. I wouldn't pay any extra to get windows7 instead of 8, you can customize 8 to be essentially indistinguishable from 7 if you want.
by Xpe
Thu Nov 27, 2014 5:33 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 935
Views: 176582

Re: Boglehead Beer

Brew your own, after the initial equipment purchase which is not really very much, you can get a 5 gallons of beer for like $30.

It's pretty hit or miss on taste, but that's half the fun :)
by Xpe
Mon Nov 24, 2014 6:59 pm
Forum: Personal Investments
Topic: Huge salary increase...looking for guidance
Replies: 26
Views: 4338

Re: Huge salary increase...looking for guidance

Heh, you guys hiring? I wouldn't try to time the market, when has the market hit bottom? What if that wasn't the bottom and it drops another 50% the next day? Do you expect this salary to continue for the foreseeable future? I see two types of logic you could apply here - with significant assets, yo...
by Xpe
Mon Nov 24, 2014 6:28 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 43027

Re: 23 year old... Can I afford a Rolex?

I second the person who suggested getting fit and using the 5k on your wardrobe. For 5k you can easily get a couple bespoke suits and shirts, along with a few more casual outfits. Throw in a $500 watch and you'll be way ahead of the game. Also, travel. For 1k you can go on a sick trip to central or ...
by Xpe
Sat Nov 22, 2014 11:55 am
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 116
Views: 15097

Re: Apple Stock - Seems great, right?

of course people can be wrong about "sure things" that didn't pan out. But that's because those things weren't sure things - people were wrong. The iPhone was a 100% a sure thing - it wasn't wrong. Anyone who used it could see that on the day it came out, if they opened their mind enough and compar...
by Xpe
Sat Nov 22, 2014 10:55 am
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 116
Views: 15097

Re: Apple Stock - Seems great, right?

Unlike flipping a coin, the success of the iPhone was not a random event. Again, you would have to go back to the original release and the effects thereof. It was a total game changer. It is not a coin. But the fact that there are skeptics is exactly what drove the price. There were those of us tha...
by Xpe
Sat Nov 22, 2014 10:01 am
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 116
Views: 15097

Re: Apple Stock - Seems great, right?

I will respond: What makes me sure I knew more than the market did on the iPhone? Simple. I held it in my hands, showed my friends, and they all were amazed. ... Sometimes you just know. ... The market had it wrong. It was not a bet at all. it was obvious to us. A sure thing. And sure enough, it wa...
by Xpe
Thu Nov 20, 2014 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting - Charity / Gift to family
Replies: 16
Views: 2044

Re: Tax Gain Harvesting - Charity / Gift to family

While we're on the topic... Can you gift appreciated stocks to a family member in a lower bracket, they sell and pay lower taxes, then gift the money back to you? Or is that tax fraud?
by Xpe
Thu Nov 20, 2014 12:58 pm
Forum: Personal Investments
Topic: What is the $$ value of delaying retirement a month?
Replies: 24
Views: 2633

Re: What is the $$ value of delaying retirement a month?

I am trying to calculate the value of each month retirement is delayed. Is the value just equal to the amount of additional savings or is it equivalent to the amount of additional savings plus 1 month of expenses. In other woords if Mark is able to save $2,500/mo. and his expenses are $4,000/mo. is...
by Xpe
Tue Nov 18, 2014 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting [Classroom research assignment]
Replies: 67
Views: 7406

Re: 18 and Need Help Starting

DiogenesOfOakland wrote: I mean, who even thinks about retiring until they are like in their sixties
Spoken like someone who hasn't held a 9-5 yet. Guarantee you're planning your retirement two months into your first post-college full-time job.
by Xpe
Tue Nov 18, 2014 6:23 pm
Forum: Personal Investments
Topic: Get a financial advisor? Retired now
Replies: 34
Views: 7560

Re: Get a financial advisor? Retired now

I don't think your AA is too aggressive, given that nearly all of your expenses are covered by pension and SS. In a significant downturn, maybe you go back to just not ordering drinks with dinner for a bit.
by Xpe
Sun Nov 16, 2014 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning - big firm or solo practitioner?
Replies: 22
Views: 3812

Re: Estate planning - big firm or solo practitioner?

Generally, I'd want someone with ... typically high law school class ranking (top 10%) You've got to be kidding me--10-20 years of experience under their belt and you are concerned about how they did in crim 13+ years ago? That sounds like overkill. Not to mention top 10% doesnt mean the same thing...
by Xpe
Sat Nov 15, 2014 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help with an Xbox purchase ...
Replies: 10
Views: 1215

Re: Need Help with an Xbox purchase ...

Hi Bogleheads, I am in the process of buying an Xbox system for a house of young people and I have no idea how to do it. I just need a system not games. Thank you the guidance and direction, Fat Tail The newest version of the xbox? The most recent is xbox one, next oldest is xbox360, xbox is the ol...
by Xpe
Sat Nov 15, 2014 6:10 pm
Forum: Personal Consumer Issues
Topic: Waitress giving me discount - ethical question
Replies: 62
Views: 11601

Re: Waitress giving me discount - ethical question

Based off of what raw wings cost at the grocery store, their cost per wing is probably on the scale of 20-30 cents. They have fixed costs like rent and salaries to pay though, I'm sure, and so their total cost per wing is likely considerably more than that. So if I'm getting the wings for 22.5 cent...
by Xpe
Tue Nov 11, 2014 9:27 am
Forum: Personal Investments
Topic: Few questions before investing(that I couldn't find answers)
Replies: 16
Views: 2264

Re: Few questions before investing(that I couldn't find answ

If my ideas of saving for anything other than retirement are offending the older folks who perhaps have nothing to look forward to outside of retirement, I humbly request that this post be locked or closed. My intention was never to piss off the older folks. I understand we might have a few differe...
by Xpe
Mon Nov 10, 2014 9:26 pm
Forum: Personal Consumer Issues
Topic: Which Tablet?
Replies: 24
Views: 2952

Re: Which Tablet?

I'm not an Apple fan, or at least I have no loyalty to Apple. I would never get an iPhone, Android only. I use Windows on my desktop and laptop. For tablet, however, I really think iPad is the only way to go. There are so many different shapes sizes and specs of Android tablets that it makes it real...
by Xpe
Mon Nov 10, 2014 7:49 pm
Forum: Personal Investments
Topic: Few questions before investing(that I couldn't find answers)
Replies: 16
Views: 2264

Re: Few questions before investing(that I couldn't find answ

partyallnight - you ask how mutual funds work, but to a certain extent it seems like maybe you don't even know what they are? So starting from the beginning, just in case: When a company is attempting to raise capital, they have basically two ways of doing this externally - they can sell a portion o...
by Xpe
Mon Nov 10, 2014 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 36
Views: 6453

Re: Consulting fees: non working travel time

Hi there, I am an expert in Telecommunications, and always worked full time for regular companies. I am now semi-retired, but I have an opportunity to provide short-term consulting services (an IPR dispute) and to charge fees for regular consulting time (ok, I have a good handle on that), and also ...
by Xpe
Sat Nov 01, 2014 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: 22 year old trying to get a grasp on personal finance.
Replies: 20
Views: 2220

Re: 22 year old trying to get a grasp on personal finance.

I think people in their twenties should rent, not buy a house. Renting keeps you mobile, and you can go where your career takes you. Save the house for when you have your first child and are ready to sacrifice mobility for stability. Hmm that is an interesting perspective. I do think renting is a g...
by Xpe
Wed Oct 29, 2014 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 35
Views: 10014

Re: Elderly parent on path to run out of money in 6 months

This sounds like me in 10-15 years. Father left quite a bit for my mother, but she has zero concept of budgeting or managing her finances. She's burning like 8-9% per year and doesn't seem to have any idea that the money can run out. She has no idea what she spends monthly, or what her annual recurr...
by Xpe
Tue Oct 28, 2014 8:13 pm
Forum: Personal Investments
Topic: Investment Advice - 31yo Male
Replies: 6
Views: 1310

Re: Investment Advice - 31yo Male

I am IT Sales, unfortunately just an employee. The goal of course is to have my own business at some point. At the time of purchasing the house wasnt qualified enough for a jumbo loan. So i had to put a lot of my cash/savings into the home purchase. Fixed blemishes on my credit and its now 800+. 75...
by Xpe
Sun Oct 26, 2014 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Present Value of human capital
Replies: 7
Views: 1824

Re: Calculating Present Value of human capital

I would tend towards running a simulation. Go forty years out, each year you either earn 50k or 0k based on some probability of losing job, finding a job, injury, insurance etc. discount each year's earnings based on whatever discount rate to find the npv of your future earnings. Run 100k trials and...
by Xpe
Sun Oct 19, 2014 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed for next 10 years: Save, spend borrow?
Replies: 27
Views: 5132

Re: Advice needed for next 10 years: Save, spend borrow?

I'm 49, married with kids and I have been a Boglehead for about 15 years. I have learned alot on this board and would be interested to get some opinions about my situation. I created a separate ID for this post because it is more than I usually reveal on a public site. My household income is about ...
by Xpe
Sun Oct 12, 2014 10:04 pm
Forum: Personal Investments
Topic: Losing money, please advise
Replies: 36
Views: 6909

Re: Losing money, please advise

Don't worry, stay the course. I'm down 30k this week, I'm not losing sleep and neither should you.

You should, as others have said, consider your risk tolerance and your timeline.
by Xpe
Sun Oct 05, 2014 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 3498

Re: Moving to 3-fund - requires realizing large capital gain

Perhaps the reason wasn't so good on further reflection, like perhaps an exaggerated form of BH-ism that would pay a load of taxes just to have a stock index fund rather than individual stocks...not so smart IMHO. Starting from zero and presented with the options of picking 10 individual stocks or ...
by Xpe
Sun Oct 05, 2014 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 3498

Re: Moving to 3-fund - requires realizing large capital gain

If you are considering this, consider selling 1/2 or 3/4 instead of 1/4 and keep the remaining stock as diversified as possible. Individual stock are not poison, but you had decided to sell it all for some reason. Did that reason just disappear? It does appear you will be making a lot of money. Do ...
by Xpe
Sat Oct 04, 2014 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 3498

Re: Moving to 3-fund - requires realizing large capital gain

I say keep most of the individual stock. If you sell 1/4 of your individual stock, you'll pay essentially no tax and can put that money in index funds. This gets you to 40/60 index funds to individual stocks. The rest of the money will have lower expected returns in a three-fund portfolio after pay...
by Xpe
Sat Oct 04, 2014 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 3498

Re: Moving to 3-fund - requires realizing large capital gain

I would sell half this year, Monday would be good, and hope the market stays generally at this level and plan on selling the balance on January 2. If re-invested into Total Stock Market this will put a large portion of your portfolio into a diversified stock fund by the end of next week - a good st...
by Xpe
Sat Oct 04, 2014 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 3498

Re: Moving to 3-fund - requires realizing large capital gain

OP here. How diversified are these 10 stocks? How old are you? What's your tax bracket/income without the $200k cap gains? Does your state tax cap gains? JW As far as a 10 stock portfolio goes, it's fairly diversified. 28. This year I have essentially 0 income (grad student), next year (2015) I'll b...
by Xpe
Fri Oct 03, 2014 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to 3-fund - requires realizing large capital gains
Replies: 34
Views: 3498

Moving to 3-fund - requires realizing large capital gains

Wanted to thank you all ahead of time. This is not a question about asset allocation or portfolio planning as I've decided what I'm moving towards, but I would like your input on how to get there. 80% of my savings are in a taxable account 20% split between 401k/IRA I won't go into the details of wh...
by Xpe
Fri Oct 03, 2014 4:56 pm
Forum: Personal Consumer Issues
Topic: Get some Exercise!
Replies: 23
Views: 3438

Re: Get some Exercise!

And remember, it's far easier to stay in shape than to get in shape. So stay motivated!
by Xpe
Thu Oct 02, 2014 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Brainstorming Start-Ups
Replies: 5
Views: 838

Re: Brainstorming Start-Ups

Tutoring - sounds like you've got the education for it. You could start your own business tutoring HS kids on the SAT (parents pay a ton for this). Or to be less entrepreneurial you could work for a larger tutoring company. Manhattan GMAT pays their instructors upwards of $200/hr to teach classes on...
by Xpe
Thu Oct 02, 2014 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I (physician) get an MBA?
Replies: 31
Views: 6041

Re: Should I (physician) get an MBA?

As a current MBA student, I would say hold off for now. An MBA is a huge investment in both time and money (part time programs are less of a strain financially, but more of a strain on time - and for longer), I would never recommend pursuing an MBA to someone who wasn't going to put it to use immedi...
by Xpe
Wed Sep 17, 2014 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Which debt to tackle first?
Replies: 21
Views: 1811

Re: Which debt to tackle first?

I'd check into doing a refi on that mortgage since 5.2% *seems* a bit high right now, tho I don't track those rates. But with 27 years remaining, it must be a newer loan and perhaps your equity in the property isn't too much yet. Continue paying down all the loans right now and get ready to focus o...