Search found 367 matches

by grettman
Mon Sep 12, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone else feeling courageous enough to buy today?
Replies: 90
Views: 8499

Re: Is anyone else feeling courageous enough to buy today?

shakenbake wrote: There is no rhyme or reason to what I do. It makes no sense.
This will cost you dearly over the long term.
by grettman
Fri Sep 09, 2016 9:48 am
Forum: Personal Consumer Issues
Topic: Attic Fan for Ventilation
Replies: 11
Views: 1577

Re: Attic Fan for Ventilation

I have heard from several experts and I read on some government website (DoE?) that adding an attic fan to house with a ridge vent system is not recommended. I don't remember the details but I struggled between buying one or not buying one ....I go through this process about every couple of years an...
by grettman
Thu Sep 01, 2016 7:04 am
Forum: Personal Consumer Issues
Topic: How Does Your money Make Money?
Replies: 43
Views: 6436

Re: How Does Your money Make Money?

The easiest way is through stock market returns. It is very hard to see at first but as your portfolio grows you will one day be amazed by the compounding effect. I started to notice when from month to month I could gain (or lose) enough to buy a nicely equipment American made sedan. Aside from goin...
by grettman
Mon Aug 29, 2016 1:35 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 8967

Re: Rich Dad/Poor Dad Assets

...What I can't stand about the guy is that Market Watch, and other financial porn sites, pull him out occasionally and have online chats/Q&A. He typically says radical things that grabs headlines and clicks. Last week he did a Facebook interaction and basically said long term investors are foolish ...
by grettman
Tue Aug 23, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: What's worth more?
Replies: 28
Views: 3600

Re: What's worth more?

By joint life do you mean "survivorship" (i.e., If the Fed dies the survivor gets to receive pension until they die)? If so, do the $$ you are citing account for the fact you get a reduced pension to exercise this option? Personally I would rather have the $1M so that I can pass it on as legacy (wha...
by grettman
Mon Aug 22, 2016 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 108
Views: 9107

Re: How do you view debt?

I'm extremely debt averse, to the point where I pay off our credit cards multiple times a month, even though I have never paid a penny of interest. It took me ~15yrs to complete my education (BS, MS, and PhD) because I was determined to never take out a loan (successful). We also are paying off our...
by grettman
Fri Jul 22, 2016 1:52 pm
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 2338

Visiting Acadia National Park - Tips?

Hi All, We live in Virginia and I am out of ideas of where to take my family for a "big" vacation. We want to avoid flying because of the cost so I was looking on the east cost for ideas. We love national parks and fortunately, I have been able to punch a few off of my bucket list. We also like to h...
by grettman
Tue Jul 19, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: What to do with a bit of extra money each month? (UPDATED)
Replies: 41
Views: 4070

Re: What to do with a bit of extra money each month?

I am surprised that I don't see an emergency fund or some other savings in your post. Perhaps you forgot it. You should use the template. If you don't have an emergency fund or any other cushion, you should use those extra funds to establish one. BTW. I am surprised to see how low your mortgage paym...
by grettman
Tue Jul 05, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 18822

Re: What do you spend your money on???

I collect shares of Vti.
by grettman
Fri Jul 01, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 19974

Re: How many of you have cut cord?

Cut it a year and half ago. Regret that I didn't do it 5 yrs earlier. Netflix plus prime plus HDTV ANTENNA, plus the savings equals no brainer...
by grettman
Wed Jun 29, 2016 1:42 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 7824

Re: Bogleheads, have we "arrived" ?

Op Hasn't arrived... Those who have, know it...

Those who haven't, feel the need to ask. If you want opinions on what you can do better, post the data using he prescribed format.
by grettman
Tue Jun 28, 2016 1:29 pm
Forum: Investing - Theory, News & General
Topic: BREXIT - Whats the big deal?
Replies: 108
Views: 13455

Re: BREXIT - Whats the big deal?

Whakamole wrote:I thought politics was off-topic.
So did I. Maybe the rules are only AMERICAN politics? Interesting...
by grettman
Fri Jun 24, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 151
Views: 19887

Re: International stocks in free fall

What? Me Worry" Life is Short. Make Sure You Laugh A Lot Today :mrgreen: :mrgreen: Agreed! ...And unless you and your family watch the financial markets together as a hobby and find it fun to discuss this at the dinner table, don't even say "Brexit" this weekend. Hug your kid, kiss a significant ot...
by grettman
Fri Jun 17, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: One more mortgage payoff thread...
Replies: 47
Views: 4880

Re: One more mortgage payoff thread...

Congratulations. As Dave would say, if you decide you don't like the paid off house, you can always mortgage it again. I am so torn on the subject. I don't know personally what I will do when I have the option to pay it off. I frankly don't think there is a right or wrong answer.
by grettman
Tue Jun 14, 2016 7:50 am
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 114
Views: 19972

Re: John Oliver covers retail investment industry on Last Week Tonight

I am happy that I read this thread because I pulled the plug on cable/satellite about 2 years ago and because of this thread I realized I can get some John Oliver action for free on my Apple TV. Thanks OP! I thought the segment was great. Those prudential commercials always made me sick and I am cer...
by grettman
Tue Jun 14, 2016 7:07 am
Forum: Investing - Theory, News & General
Topic: Inevesting Mistakes or Regrets
Replies: 49
Views: 6437

Re: Inevesting Mistakes or Regrets

What I did wrong: 1) Not realizing I could open up a Traditional IRA for my non-working wife and Roth IRA for myself. I have an employer 401K and thought that was all I could do. Didn't realize differently until about 4 years ago. Lots of lost opportunity to invest in a tax efficient way. 2) Picked ...
by grettman
Mon Jun 13, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Didn't Pay Off the Mortgage Today
Replies: 85
Views: 10344

Re: Didn't Pay Off the Mortgage Today

I paid off the mortgage on my primary residence a long time ago. But if I knew then what I know now, I would have kept the mortgage and invested what I spent to pay it off. It depends....I did the opposite in 2008, and invested a sum that I could have used to reduce my mortgage on a house I purchas...
by grettman
Mon Jun 06, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Secular Stagnation - How to invest?
Replies: 22
Views: 3260

Re: Secular Stagnation - How to invest?

... Yes, I'm a believer in Boglehead thinking , but... For example, if the world is stuck in secular stagnation for a decade or longer, then it would have been better to invest in high yielding 8%+ investments, so that even if there is no real growth you still make good returns after inflation & ta...
by grettman
Tue May 31, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement and opportunity cost, by Harry Sit
Replies: 144
Views: 16498

Re: Early retirement and opportunity cost, by Harry Sit

I think I understand the concept but I keep having a problem with applying a cost to freedom. We aren't just talking about time, which does have a cost, but when an early retiree wakes up and has the freedom to choose, the thought of comparing that to an alternative at a cost level just hurts my hea...
by grettman
Wed May 25, 2016 1:51 pm
Forum: Investing - Theory, News & General
Topic: This Bull Seems to be Getting Pretty Long In the Tooth
Replies: 76
Views: 9461

Re: This Bull Seems to be Getting Pretty Long In the Tooth

synpacket wrote:I think the point of having an AA is that you can then not worry about how the market is doing. But to adjust your AA because of how the market is doing seems like a mistake.
+1
by grettman
Thu May 12, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee looking for suggestions
Replies: 15
Views: 2394

Re: Federal Employee looking for suggestions

I am a long time fed and the rules prohibit them from matching your salary. There are some cases where they have flexibility like if you were applying for a federal job that is in a pay band system (e.g., FAA). If going GS to GS, you have no options as far as negotiations on salary are concerned but...
by grettman
Wed May 11, 2016 9:08 am
Forum: Personal Consumer Issues
Topic: Is a home disaster looming? sump pump running constantly please help!
Replies: 46
Views: 17340

Re: Is a home disaster looming? sump pump running constantly please help!

I don't have anything to offer other than the fact I understand how you feel and I hope you get this resolved. I am a worrier by nature and when I have been in similar situations it has ripped me inside and out. Good luck. Try to stay positive.
by grettman
Thu May 05, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: I'm now debt free and...
Replies: 37
Views: 6191

Re: I'm now debt free and...

OP: Your net worth had to change...even if only slowly over time. You reduced, and eventually eliminated your liability thus increasing your NW right?
by grettman
Mon May 02, 2016 1:55 pm
Forum: Investing - Theory, News & General
Topic: "Save $52,000 on Financial Advice" Forbes
Replies: 103
Views: 14565

Re: "Save $52,000 on Financial Advice" Forbes

I find it interesting that I know of folks who are very careful with day-to-day spending but completely ignore what they are paying in financial advisor fees and expense ratios. The people I know are great at negotiating deals, finding sales, using coupons, and squeezing everything they can out of a...
by grettman
Thu Apr 21, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire early
Replies: 29
Views: 7014

Re: Can I retire early

OP: You have done very well for yourself. Especially given your annual income and your age.

Considering you live so well below your means I would assume you could retire early...but as others point out you need to look at your future expenses....

Did you inherit any of your money?
by grettman
Tue Apr 05, 2016 5:44 am
Forum: Personal Finance (Not Investing)
Topic: When is it ok to splurge?
Replies: 83
Views: 10088

Re: When is it ok to splurge?

I really want this boat but it would set me back 100k and a few years of early retirement. Am I crazy or stupid or both ? IMO, this would be a terrible purchase. +1 Trading a couple years of freedom for a boat? I wouldn't do it. It isn't just the money; it is about trading time which is priceless.
by grettman
Fri Apr 01, 2016 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 135
Views: 27628

Re: Renting forever: financial suicide?

Financial Suicide? Absolutely not. Maybe back in the days when many people relied on their home equity for retirement, sure..... but ...if you live below your means, invest wisely in low cost index funds and put your money to work for you, by the time you are in your 60s (actually sooner than that) ...
by grettman
Tue Mar 29, 2016 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 11486

Re: Best & Worst Financial Decisions?

Worst: Buying my house near the top of the market 2nd worst: selling it 8 years later for the same price I paid (net loss after commission) 3rd worst: Taking out a TSP loan back in 1999 to buy my first home AND taking 15 years to pay off the loan. I would be much farther along than I am now. The da...
by grettman
Fri Mar 25, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 11486

Re: Best & Worst Financial Decisions?

Worst: Buying my house near the top of the market 2nd worst: selling it 8 years later for the same price I paid (net loss after commission) 3rd worst: Taking out a TSP loan back in 1999 to buy my first home AND taking 15 years to pay off the loan. I would be much farther along than I am now. The dam...
by grettman
Thu Mar 24, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Has your definition of "a lot" of money changed?
Replies: 57
Views: 7182

Re: Has your definition of "a lot" of money changed?

When it comes to my savings and investments, the dollars don't seem big to me. For instance, I would say "I only have $100K in that account". Only ? Really? $100K is a lot of money but I don't view it that way. But when I have to spend money, for instance on an AC repair and that costs $1,000....my ...
by grettman
Thu Mar 24, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 16090

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

His investing advice is so horrible that is hard to ignore.

I hope his listeners don't fly blindly with his advice.

WRT Chris Hogan: I can't even listen to him. I have to go to the next segment or fast forward. Every time I hear about 12% returns I cringe.
by grettman
Wed Mar 16, 2016 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a personal finance talk radio show.
Replies: 38
Views: 5326

Re: Recommend a personal finance talk radio show.

+1 on Ric Edleman.

I disagree with this BIG LOOOOONGGG mortgage advice (to some extent).

I also ignore and skip through his "exponential technology" gibberish. But I like everything else.

+1 on Dave Ramsey except the fact I ignore ALL of his investing advice
by grettman
Sat Mar 12, 2016 6:35 am
Forum: Personal Consumer Issues
Topic: Grocery budget too high? Are there threads here on this? I tried searching
Replies: 62
Views: 6394

Re: Grocery budget too high? Are there threads here on this? I tried searching

Not high at all. Good job of keeping your grocery bill in line.
by grettman
Sat Mar 12, 2016 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Don't Peek
Replies: 33
Views: 5050

Re: Don't Peek

I look at my net worth all the time (just got done updating my spreadsheet with some savings data as Friday was payday :) ). But I haven't really looked at personal performance. I mostly invest in passive index funds (like VTI, the C, S, and I fund for TSP and etc)...so I assume I am getting the per...
by grettman
Wed Mar 09, 2016 9:06 am
Forum: Personal Finance (Not Investing)
Topic: FICO Score??
Replies: 69
Views: 7404

Re: FICO Score??

This is an interesting discussion for anyone who listens to Dave Ramsey. I never truly believed him when he says that if you stop using credit for 6 months to a year you will have no credit score (provided that your prior history wasn't bad to begin with I assume). Here we have an example of someone...
by grettman
Mon Mar 07, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: How to Pay for Home Improvements
Replies: 1
Views: 422

Re: How to Pay for Home Improvements

My answer probably doesn't help but it is what I would do. I would save and pay cash for a home improvement project. If I couldn't pay cash then that means I can't afford it. If you strived to save every penny you could how long would it take you to get the funds together? You may also want to consi...
by grettman
Sat Mar 05, 2016 6:37 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle a steadily declining nest egg?
Replies: 50
Views: 8124

Re: How do you handle a steadily declining nest egg?

For those of you who rely largely on 401k or 457 plans to fund your retirement, how do you deal psychologically with a nest egg that's being steadily depleted? Saying it is being depleted makes it sound as if it is being drawn down but it isn't. You have the same number of shares MoM, YoY, so it is...
by grettman
Thu Mar 03, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Does everyone really need to save $1 million for retirement?
Replies: 225
Views: 36588

Re: Does everyone really need to save $1 million for retirement?

I agree that $1M isn't a lot of money. For me, it means I am just a third of the way there and I am 45....and I want to retire before 60.

Some "celebrate" hitting the $1M mark. For my wife and I we just recognized we have a long way to go.....
by grettman
Sat Jan 30, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: SOLVED: Understanding Tax Implications of Mutual Fund Sales
Replies: 15
Views: 1013

Re: SOLVED: Understanding Tax Implications of Mutual Fund Sales

Not to add to the confusion but cap gain distributions (along with dividends) from funds you own show up on 1099DIV. Cap gains resulting from sales go on 1099B Thanks. I understand that -- This was involved with a sale. I think what happened was that a month or so ago, before I received my 1099 B, ...
by grettman
Sat Jan 30, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: SOLVED: Understanding Tax Implications of Mutual Fund Sales
Replies: 15
Views: 1013

Re: Understanding Tax Implications of Mutual Fund Sales

Did you look at the Cap Gains and Dividend Worksheet in Turbo Tax to see the calculation for Cap Gains taxes? Interesting. When I tried to do this, I noticed that ~$33K from schedule D was being reported on my 1040. The amount should be ~$25K. Of course with the online version of turbo tax, you can...
by grettman
Sat Jan 30, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: SOLVED: Understanding Tax Implications of Mutual Fund Sales
Replies: 15
Views: 1013

Re: Understanding Tax Implications of Mutual Fund Sales

So this thread is really about understanding online TurboTax? Looking at the original post, the difference I was seeing was that I was being taxed 30% on my capital gains distribution. That was after checking my data entry twice. At that time I concluded that I am having an problem understanding my...
by grettman
Sat Jan 30, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: SOLVED: Understanding Tax Implications of Mutual Fund Sales
Replies: 15
Views: 1013

Re: Understanding Tax Implications of Mutual Fund Sales

Did you look at the Cap Gains and Dividend Worksheet in Turbo Tax to see the calculation for Cap Gains taxes? Interesting. When I tried to do this, I noticed that ~$33K from schedule D was being reported on my 1040. The amount should be ~$25K. Of course with the online version of turbo tax, you can...
by grettman
Sat Jan 30, 2016 7:41 am
Forum: Personal Finance (Not Investing)
Topic: SOLVED: Understanding Tax Implications of Mutual Fund Sales
Replies: 15
Views: 1013

Re: Understanding Tax Implications of Mutual Fund Sales

Hi livesoft,

Thanks. I am married filing jointly. I have two children living with me (but because of income I don't get any credit for that).
by grettman
Sat Jan 30, 2016 7:17 am
Forum: Personal Finance (Not Investing)
Topic: SOLVED: Understanding Tax Implications of Mutual Fund Sales
Replies: 15
Views: 1013

SOLVED: Understanding Tax Implications of Mutual Fund Sales

Hi, I am a buy and hold investor and I rarely sell shares but last year I liquidated PRWCX (TRP Cap Appreciation) and VWIAX. Almost all of the proceeds were associated with long term capital gains. However, I was surprised to see that after I entered (or imported the 1099-B) information into turbo t...
by grettman
Mon Jan 25, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Down A Mortgage or Invest Right Now
Replies: 8
Views: 1041

Re: Should I Pay Down A Mortgage or Invest Right Now

You will NEVER, EVER again get the opportunity to contribute that $11K in your retirement accounts for a particular year.

That opportunity is gone forever.

You will always have the opportunity to pay down your mortgage.
by grettman
Sun Jan 24, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3538

Re: New Mortgage - Help Needed

That is a great rate. Its a matter of semantics but you are paying fees. Nothing is free in terms of the real estate business. The fees are reflected in the interest rate. But the rate you have is awesome so it doesn't really matter.
by grettman
Thu Jan 21, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Market down - lost alot of $ - nervous..
Replies: 60
Views: 8907

Re: Market down - lost alot of $ - nervous..

I am down $100K this month alone. I have thought about these "losses" a total of ZERO times for last 20 nights. This is coming from someone who watches the market several times during the day! This tells me that my AA is appropriate for my level of risk tolerance. I also made my regularly scheduled ...
by grettman
Fri Jan 15, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6844
Views: 1495031

Re: U.S. stocks in freefall

Down about $90,000 this month so far. Dumped $3K yesterday into my wife's IRA because money I budgeted for something else became available. Would have put more into her IRA today but my pay check deposit was a tad late so Schwab won't let me buy. I hate it when there is a sale going on and I don't h...
by grettman
Fri Jan 08, 2016 1:20 pm
Forum: Investing - Theory, News & General
Topic: thoughts on AAPL
Replies: 28
Views: 2975

Re: thoughts on AAPL

I think I will buy more apple indirectly by buying more shares of the Total Stock Market Index Fund.
by grettman
Wed Jan 06, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 9842

Re: Incorporating your home into networth calculation

My question is do people incorporate their home into their net worth in anyway?....and if so how? The only reason for keeping track of your net worth in my opinion is to boost your ego or get in a 'who's richer' pissing match with someone. Just two weeks ago I applied for term life insurance and on...