Dear BH, what are non-BH [financial] actions you do?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
MJW
Posts: 507
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Location: Pacific Northwest

Re: Dear BH, what are non-BH actions you do?

Post by MJW » Mon Aug 06, 2018 4:33 pm

livesoft wrote:
Sun Aug 05, 2018 5:29 pm
I do a lot of market timing. Successfully.
sambb wrote:
Sun Aug 05, 2018 7:25 pm
I drive modern German or Italian cars not a 1999 Camry or Corolla.
Monsters. I'll never feel the same about this forum again knowing what kind of sickos are lurking around.

SouthernCPA
Posts: 681
Joined: Wed Sep 23, 2015 10:20 am

Re: Dear BH, what are non-BH actions you do?

Post by SouthernCPA » Mon Aug 06, 2018 4:38 pm

I own a boat and have real estate investments.

HEDGEFUNDIE
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Joined: Sun Oct 22, 2017 2:06 pm

Re: Dear BH, what are non-BH actions you do?

Post by HEDGEFUNDIE » Mon Aug 06, 2018 4:43 pm

SouthernCPA wrote:
Mon Aug 06, 2018 4:38 pm
I own a boat and have real estate investments.
“My boat owns me and I have real estate investments.”

There, I fixed it for you.

acegolfer
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Joined: Tue Aug 25, 2009 9:40 am

Re: Dear BH, what are non-BH actions you do?

Post by acegolfer » Mon Aug 06, 2018 4:48 pm

I teach how to trade futures/options.

vested1
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Joined: Wed Jan 04, 2012 4:20 pm

Re: Dear BH, what are non-BH actions you do?

Post by vested1 » Mon Aug 06, 2018 5:00 pm

A non-BH action, huh? Frugality isn't given a thought when circumstances such as those below are happening.

My wife and I fish lakes in kayaks, take trips in our small trailer, and oh yeah, will welcome our first great-grandchild (a girl) in a few months.

Come to think of it, nothing else tops the great-granddaughter thing. If waiting for a birth and attending two marriages of a niece and a nephew this year count as actions, then my answer remains the same. As for making bone-headed financial decisions at times in the past, I plead guilty.

bikechuck
Posts: 359
Joined: Sun Aug 16, 2015 9:22 pm

Re: Dear BH, what are non-BH actions you do?

Post by bikechuck » Mon Aug 06, 2018 5:01 pm

runner3081 wrote:
Mon Aug 06, 2018 11:45 am
stoptothink wrote:
Mon Aug 06, 2018 9:34 am
runner3081 wrote:
Sun Aug 05, 2018 7:19 pm
Also, we have no intentions of paying for the university education of our children. We have ~12 years for our opinion to change as our oldest is 6, but at this point it isn't something we are really considering.
We are going to pay as follows (our daughter is 6 now as well)
1) 2-years of Community College, tuition and books only.
2) 2-years of in-state public university, tuition and books only.

She could live at home and finish school without loans that way.

The rest (private school, room + board, etc)... well, it is a choice and she can pay it.
We paid for our older daughter to attend a state school away from home, she turned out to be an academic red shirt and it took her five years to graduate. She helped by working summer jobs and as a resident assistant during the school year. We are happy we did so and she went on to grad school which she funded through employer contributions and loans. When she started her family we paid off her loans.

My younger daughter had full ride offers to some state schools and a partial 2/3 scholarship to an expensive private school. We funded her to go to the private school. It was a good decision as after graduation she received a fully funded offer to attend the University of Michigan for a PhD program. We helped her with spending money for the many years it took to earn the PhD.

We looked at the above as an investment of a different kind and we are very happy that we made the investment.

MP173
Posts: 1922
Joined: Fri Dec 07, 2007 6:03 pm

Re: Dear BH, what are non-BH actions you do?

Post by MP173 » Mon Aug 06, 2018 5:22 pm

'since my copy of the Boglehead Handbook for Living has been misplaced, I will attempt to wing it:

1. I own individual stocks...15 or so.
2. I use several managed funds.
3. Own probably 35-40 securities (rather than 3 fund).
4. Check my portfolio a couple of times weekly.

Possibly a few more.

Ed

wtfire
Posts: 17
Joined: Sun Aug 05, 2018 2:45 pm

Re: Dear BH, what are non-BH actions you do?

Post by wtfire » Mon Aug 06, 2018 5:28 pm

bikechuck wrote:
Mon Aug 06, 2018 5:01 pm
runner3081 wrote:
Mon Aug 06, 2018 11:45 am
stoptothink wrote:
Mon Aug 06, 2018 9:34 am
runner3081 wrote:
Sun Aug 05, 2018 7:19 pm
Also, we have no intentions of paying for the university education of our children. We have ~12 years for our opinion to change as our oldest is 6, but at this point it isn't something we are really considering.
We are going to pay as follows (our daughter is 6 now as well)
1) 2-years of Community College, tuition and books only.
2) 2-years of in-state public university, tuition and books only.

She could live at home and finish school without loans that way.

The rest (private school, room + board, etc)... well, it is a choice and she can pay it.
We paid for our older daughter to attend a state school away from home, she turned out to be an academic red shirt and it took her five years to graduate. She helped by working summer jobs and as a resident assistant during the school year. We are happy we did so and she went on to grad school which she funded through employer contributions and loans. When she started her family we paid off her loans.

My younger daughter had full ride offers to some state schools and a partial 2/3 scholarship to an expensive private school. We funded her to go to the private school. It was a good decision as after graduation she received a fully funded offer to attend the University of Michigan for a PhD program. We helped her with spending money for the many years it took to earn the PhD.

We looked at the above as an investment of a different kind and we are very happy that we made the investment.
My parents paid for my undergrad and half of my graduate study. I am forever grateful for that. So I plan to pass on this family tradition to my kid.

Cruise
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Joined: Mon Nov 21, 2016 7:17 pm

Re: Dear BH, what are non-BH actions you do?

Post by Cruise » Mon Aug 06, 2018 6:51 pm

I leave well-beneath my means, so in the big picture, I am BH. (I am fortunate to have a lot of means, so some might judge me on individual actions, which are really irrelevant if you LBYM.)

I don't have any bonds.
I keep a large cash position to market time.

Both of the above are well-considered. We can easily live without touching our cash or our investments.

I don't invest in foreign funds. (Been burned too much with them in the past. I will go down swinging with American companies.)

I invest with Buffett. Berkshire-B.

annebert
Posts: 22
Joined: Fri Jul 20, 2018 5:39 pm

Re: Dear BH, what are non-BH actions you do?

Post by annebert » Mon Aug 06, 2018 7:10 pm

I own 23 different stocks. Got started with DRIP investing via my father about 35 years ago, and like him, I will switch over to taking the dividends when I'm about 80.

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Toons
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Location: Hills of Tennessee

Re: Dear BH, what are non-BH actions you do?

Post by Toons » Mon Aug 06, 2018 8:07 pm

Buy a new car every couple of years..or less.
:mrgreen:
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

Old Guy
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Joined: Mon Mar 19, 2012 7:20 am

Re: Dear BH, what are non-BH actions you do?

Post by Old Guy » Mon Aug 06, 2018 8:21 pm

Amazon Prime.

il0kin
Posts: 138
Joined: Mon Feb 26, 2018 8:19 pm

Re: Dear BH, what are non-BH actions you do?

Post by il0kin » Mon Aug 06, 2018 9:53 pm

Cop51 wrote:
Sun Aug 05, 2018 6:51 pm
Im a police officer on the road at work and my wife is a physical therapist that does home care so we are both buying lunch out a lot during working hours. We don’t have that office or microwave to pack lunch or heat up left overs. It adds up but could be the first thing we cut back in if we needed too.
An RTIC (knockoff Yeti) soft side 20 cooler along with a good set of properly sized tupperware would solve this problem for you! I use mine with a 1 inch thick ice block that I re-freeze every morning. My food stays ICE COLD all day! I like the 20 size because it allows me to meal prep and fit containers for salads/sandwiches with fruits, veggies and a few sides and such, and my work fridge is like 150 yards away, so I keep everything in the cooler out of pure laziness :D

This approach to meal prepping has helped me lose and keep off 40 lbs.

You will recoup the money you spend on the cooler quickly by not eating out and they really do work, they have 1.5-2 inch insulation on all sides. You could put it in the patrol car no problem. https://www.rticcoolers.com/shop/coolers/softpak (Ozark Trail has similar ones for about $50 but I do not have experience with those, I got mine used from a buddy for 40 bucks)

mancich
Posts: 391
Joined: Fri Sep 05, 2014 2:05 pm

Re: Dear BH, what are non-BH actions you do?

Post by mancich » Tue Aug 07, 2018 5:34 am

MJW wrote:
Mon Aug 06, 2018 4:33 pm
livesoft wrote:
Sun Aug 05, 2018 5:29 pm
I do a lot of market timing. Successfully.
sambb wrote:
Sun Aug 05, 2018 7:25 pm
I drive modern German or Italian cars not a 1999 Camry or Corolla.
Monsters. I'll never feel the same about this forum again knowing what kind of sickos are lurking around.
This was seriously funny :D

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Cycle
Posts: 694
Joined: Sun May 28, 2017 7:57 pm
Location: USA

Re: Dear BH, what are non-BH [financial] actions you do?

Post by Cycle » Tue Aug 07, 2018 7:06 am

Dont own a car (DW does). Don't have any collections. Don't have Amazon prime. Save way more than a typical boglehead (75% net).

Investing is pretty much textbook bh, ie 3 fund.

mega317
Posts: 2554
Joined: Tue Apr 19, 2016 10:55 am

Re: Dear BH, what are non-BH actions you do?

Post by mega317 » Tue Aug 07, 2018 7:55 am

Old Guy wrote:
Mon Aug 06, 2018 8:21 pm
Amazon Prime.
Cycle wrote:
Tue Aug 07, 2018 7:06 am
Don't have Amazon prime.
This thread has officially lost meaning.

il0kin
Posts: 138
Joined: Mon Feb 26, 2018 8:19 pm

Re: Dear BH, what are non-BH [financial] actions you do?

Post by il0kin » Tue Aug 07, 2018 8:23 am

I check my balances several times a week, look at the S&P 500 trend daily and don’t have a budget. Our household only saves about 20% and we aren’t able to max our 457s yet. But, we have some serious daycare expenses and once those are finished up, I fully intend to max!

It’s a marathon not a sprint after all...

SouthernCPA
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Joined: Wed Sep 23, 2015 10:20 am

Re: Dear BH, what are non-BH actions you do?

Post by SouthernCPA » Tue Aug 07, 2018 2:50 pm

HEDGEFUNDIE wrote:
Mon Aug 06, 2018 4:43 pm
SouthernCPA wrote:
Mon Aug 06, 2018 4:38 pm
I own a boat and have real estate investments.
“My boat owns me and I have real estate investments.”

There, I fixed it for you.
It's not about miles per gallon, its about smiles per gallon.

niceguy7376
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Joined: Wed Jul 10, 2013 2:59 pm
Location: Metro ATL

Re: Dear BH, what are non-BH [financial] actions you do?

Post by niceguy7376 » Tue Aug 07, 2018 3:03 pm

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Last edited by niceguy7376 on Tue Aug 07, 2018 3:41 pm, edited 1 time in total.

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wabbajack
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Location: Indianapolis

Re: Dear BH, what are non-BH actions you do?

Post by wabbajack » Tue Aug 07, 2018 3:23 pm

spdoublebass wrote:
Mon Aug 06, 2018 12:13 pm
1. I didn't focus on paying back my student loan. Since I consolidated based off of my income, I just make the minimum payments. After 20 years, the balance will be counted as income and I will be taxed on it. I crunched the numbers....I end up paying less than the amount I borrowed if I just make the minimum payments and then pay the tax so I went with that option.
See also: Mike Meru

It's nice to see that BHs aren't all penny-pinching killjoys. Quite a number of fellow car enthusiasts =D

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Elsebet
Posts: 577
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Location: Washington state

Re: Dear BH, what are non-BH [financial] actions you do?

Post by Elsebet » Tue Aug 07, 2018 3:35 pm

I finance my brand new car purchases but I pay them off very early. For example I bought a brand new truck in June 2016 and aim to pay it off Dec 2018. Then I hope to keep this truck for at least 18 more years if not more. I did the same thing with my Honda Civic 2006 that is still going strong today. Same method for my Toyota Celica 2001 that I traded in for the truck, it only lasted 15 years though.

Maybe the next vehicle we'll be able to pay for in cash and then I'll be a real Boglehead. :)

GoldenFinch
Posts: 1631
Joined: Mon Nov 10, 2014 11:34 pm

Re: Dear BH, what are non-BH [financial] actions you do?

Post by GoldenFinch » Tue Aug 07, 2018 3:40 pm

I forgive all of you and myself.


You’re welcome. :happy

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