Search found 852 matches

by remomnyc
Sun Jan 17, 2021 12:03 am
Forum: Personal Consumer Issues
Topic: What meaningful activities are you doing in retirement today with your free time?
Replies: 68
Views: 7272

Re: What meaningful activities are you doing in retirement today with your free time?

Pre-covid, I canvassed for the 2018 midterms, did taxes for low income households through an IRS program, and taught financial literary to at risk high school students. I exercise regularly, something I hadn't done since I was pregnant with my first child 18 years ago. My parents became unable to ca...
by remomnyc
Sat Jan 16, 2021 11:44 pm
Forum: Personal Consumer Issues
Topic: Let's play chess
Replies: 151
Views: 11997

Re: Let's play chess

Didn't read the thread so forgive me if this was already mentioned. The Queens Gambit inspired my kids to play chess again. My kids said that chess.com has an A.I. where you can play any game against Beth Harmon at any age. They were able to beat her until high school. My son thinks she was ranked a...
by remomnyc
Sat Jan 16, 2021 11:38 pm
Forum: Personal Consumer Issues
Topic: High School Graduation Gifts
Replies: 41
Views: 6039

Re: High School Graduation Gifts

My niece was the first to graduate. I emailed her a letter with a link to If You Can and sent her $200 via Zelle, so that's how much I will be sending all my other nephews and nieces. I sent my cousins' kids $100 each and of the 3 kids, only one sent a thank you. I got subsequent invitations from th...
by remomnyc
Sat Jan 16, 2021 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: YOLO vs BH
Replies: 97
Views: 9696

Re: YOLO vs BH

I think it's important to enjoy life as you live it. Save for your pleasures (vacations, hobbies, clothes, furniture, whatever they may be) just as you would save for your retirement. The difference is that you will be spending on your pleasures as you go along. Even though I'm only in my 50s, I fin...
by remomnyc
Sun Dec 20, 2020 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: College-Age Kids getting student loans when parent income too high
Replies: 133
Views: 7966

Re: College-Age Kids getting student loans when parent income too high

Bottom line - i assumed there were plenty of ways for my kid to borrow money for their half of college, and now it seems unlikely unless we are involved on co-signing for or otherwise becoming liable for more loans. Can't believe I was ignorant of this. I appreciate all thoughts from anyone who fac...
by remomnyc
Fri Dec 18, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Parents choosing college options for their kids based on affordability
Replies: 60
Views: 3082

Re: Parents choosing college options for their kids based on affordability

We saved under the assumption they would go to expensive private schools. We told them we would pay 100% for a top tier school. For non-top tier schools, we would contribute the equivalent of in-state costs and they would have to figure out the difference. Anything left can be applied to grad school...
by remomnyc
Tue Dec 15, 2020 1:10 pm
Forum: Personal Investments
Topic: Lost desire to increase my portfolio, temporary?
Replies: 142
Views: 13090

Re: Lost desire to increase my portfolio, temporary?

You may want to adjust your portfolio allocation before Mr. Market takes a bite out of it. Having the market drop may reignite your desire to increase your portfolio. So, after 7 yrs of OMY, are you really done? What are plans post-Covid? Travel, hobbies, volunteer work? Am I done, that depends on ...
by remomnyc
Tue Dec 15, 2020 11:11 am
Forum: Personal Consumer Issues
Topic: Best < $100 purchase?
Replies: 136
Views: 16587

Re: Best < $100 purchase?

My husband purchased a Spotify family subscription, and everyone is immersed in music. I just purchased wireless earbuds. I had no idea how crappy my earphones were until I turned these on. I also love my Phillips Sonicare toothbrush.
by remomnyc
Tue Dec 15, 2020 11:05 am
Forum: Personal Investments
Topic: Lost desire to increase my portfolio, temporary?
Replies: 142
Views: 13090

Re: Lost desire to increase my portfolio, temporary?

You may want to adjust your portfolio allocation before Mr. Market takes a bite out of it. Having the market drop may reignite your desire to increase your portfolio.

So, after 7 yrs of OMY, are you really done? What are plans post-Covid? Travel, hobbies, volunteer work?
by remomnyc
Tue Dec 08, 2020 11:21 am
Forum: Personal Investments
Topic: At what milestone did you feel secure?
Replies: 156
Views: 17646

Re: At what milestone did you feel secure?

I didn't worry about money in my 20s when I had nothing. I felt insecure when I left graduate school with $65k debt. I felt secure again when my net worth reached $1M and I purchased my first home. Having kids made me worry again. The next time I felt secure again was when I hit 25x expenses. I'll f...
by remomnyc
Wed Oct 14, 2020 9:11 am
Forum: Investing - Theory, News & General
Topic: Seriously, what is going on with international?
Replies: 277
Views: 26424

Re: Seriously, what is going on with international?

Seriously, I have no idea what's going with international. Here are international p/e ratios: https://www.starcapital.de/en/research/stock-market-valuation/. I keep myself diversified internationally because I know nothing. I don't want to end up in a situation holding all US if the US becomes Japan...
by remomnyc
Thu Sep 24, 2020 8:06 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 8208

Re: What did your accounts look like in your 30's?

Negative $65k. I had just completed graduate school and had $65k in debt and $0 in assets. Regardless, I was able to retire 22 years later thanks to constant employment, saving, and investing.
by remomnyc
Mon Aug 03, 2020 7:30 pm
Forum: Personal Consumer Issues
Topic: Any Chase Sapphire Reserve cardholders planning on cancelling?
Replies: 93
Views: 9946

Re: Any Chase Sapphire Reserve cardholders planning on cancelling?

I will reassess next year since the fee increase will not be implemented this year. I typically redeem points for at least $1k value each year, which makes the card more than pay for itself. I used Pay Yourself Back to redeem points for $2k in lieu of travel this year.
by remomnyc
Mon Jun 29, 2020 11:37 am
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 336
Views: 39691

Re: What have you baked recently?

Besides than the usual sourdough bread with flax seeds, my son baked a whisky-soaked dark chocolate bundt cake last week. I don't bake.
by remomnyc
Mon Jun 15, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Feminine Beauty Products - best bang for your buck?
Replies: 36
Views: 3796

Re: Feminine Beauty Products - best bang for your buck?

Recommended by a few dermatologists I know:
-Cetaphil daily facial cleanser
-Neutrogena moisturizer with SPF
-Differin gel for acne
by remomnyc
Sun Jun 14, 2020 7:27 am
Forum: Personal Investments
Topic: How much has Bogleheads saved you?
Replies: 38
Views: 3282

Re: How much has Bogleheads saved you?

I think it saved me many extra years of working. It taught me enough to feel comfortable retiring early.
by remomnyc
Fri Jun 12, 2020 9:33 am
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16629

Re: Thoughts on today's sell-off?

The volatility reinforces my belief that the short-term market is completely unpredictable. I believe that long-term the market will rise. In the meantime, I follow my IPS and rebalance using 5% bands and tax loss harvest when opportunities present themselves. Yesterday didn't require either.
by remomnyc
Tue Jun 09, 2020 8:51 pm
Forum: Personal Consumer Issues
Topic: Zelle for money transfer
Replies: 44
Views: 3461

Re: Zelle for money transfer

I have all three and I prefer Zelle because it is directly linked to my bank account, so transfers are nearly instantaneous. With Paypal and Venmo, I need to transfer to and from my bank. Zelle also confirms with me before I send money to someone new for the first time. I have Zelle set up for my Ci...
by remomnyc
Tue Jun 09, 2020 12:15 pm
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 13189

Re: You have a second chance to reduce your stock holdIng

This was my first recession as an investor, but I was not anxious, worried, or paralyzed by fear. When I started investing I considered the possibility that we could have another recession like 2008-2009, and I modeled how various asset allocations would perform. I settled on one that I thought I c...
by remomnyc
Mon Jun 08, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck
Replies: 51
Views: 5874

Re: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck

Good luck. I understand your reasoning but typically one goes big for stock early in one's investing life for maximum growth and reduces stock to limit sequence of return risk once you reach your goals. Your move reeks of market timing. I would be interested to compare it to someone who invested 80/...
by remomnyc
Mon Jun 08, 2020 2:18 pm
Forum: Personal Investments
Topic: Thoughts wanted [No longer want to deal with portfolio tilt (tracking error)]
Replies: 9
Views: 593

Re: Thoughts wanted [No longer want to deal with portfolio tilt (tracking error)]

I wish my tilts were in a tax deferred account. If they were, I'd sell them all today and simplify to a 3-fund portfolio.
by remomnyc
Sat Jun 06, 2020 1:41 pm
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21635

Re: Markets back near all time highs - how are you feeling and path forward ?

Folks, The "Know nothing" approach is one of the best "market timing" tools. It beats 100% stock. Vanguard Balanced Index Fund Admiral Shares (VBIAX) 60/40 https://finance.yahoo.com/quote/VBIAX?p=VBIAX&.tsrc=fin-srch YTD Return = -0.7% https://finance.yahoo.com/quote/VTSAX?p...
by remomnyc
Sat Jun 06, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is SS factored into planning and saving for retirement?
Replies: 52
Views: 2863

Re: Is SS factored into planning and saving for retirement?

I didn't consider it when I started planning and saving. My retirement target was set to meet all my needs and wants without social security. I did calculate how much it would be when I approached FIRE to make sure I had passed both the first and second bend points. I also entered it into the retire...
by remomnyc
Sat Jun 06, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21635

Re: Markets back near all time highs - how are you feeling and path forward ?

Personally I appear to be entering into a relationship with TINA. I think TINA and FOMO are driving the market, but I also accept that the market can be irrational longer than I can remain solvent, so I will continue to rebalance when my 5% bands get hit. I am considering adding another rebalance t...
by remomnyc
Sat Jun 06, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21635

Re: Markets back near all time highs - how are you feeling and path forward ?

gwe67 wrote: Fri Jun 05, 2020 7:50 pm I was asleep for a few months. What did I miss?
I think it was Fidelity that said the customers that did best during the GFC were dead or forgot they had accounts.
by remomnyc
Sat Jun 06, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Seller breach of contract on home. I need advice.
Replies: 64
Views: 6905

Re: Seller breach of contract on home. I need advise.

Congrats on your purchase. Glad getting a third party perspective helped you close the deal.
by remomnyc
Fri Jun 05, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: Anyone wish they would have invested more during recent downturn?
Replies: 124
Views: 11515

Re: Anyone wish they would have invested more during recent downturn?

For myself, not really. I rebalanced in mid-March to my AA. I wish I had invested more for my sister during the downturn. The last time I got her to invest was December 2018, but it was only 20% of her cash. The rest was sitting in a bank earning < 1%. I told her to DCA the balance during 2019. When...
by remomnyc
Wed Jun 03, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14570
Views: 1118160

Re: U.S. stocks continue to soar!

I saw a blurb from Barron's that this current surge is being driven by bears covering shorts, but I couldn't read the article because it is behind a paywall. Who's buying other than the automatic purchases in 401k accounts?
by remomnyc
Tue Jun 02, 2020 10:04 pm
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 131
Views: 8582

Re: Does every one here only have 3 funds in their portfolios?

I aspire to 3-fund, but I have more because my original portfolio manager had me in 10+. I used the dip in March to tax loss harvest and consolidate some. I still have small cap, REIT, and emerging market funds that I eventually want to merge into 3-fund but capital gains have stopped me from doing ...
by remomnyc
Tue Jun 02, 2020 7:29 pm
Forum: Investing - Theory, News & General
Topic: Should one permanently reduce REITs/RE because of COVID-19?
Replies: 18
Views: 2470

Re: Should one permanently reduce REITs/RE because of COVID-19?

Not sure how Covid-19 will impact demand for REITs, but I want to permanently reduce my REIT shares because I ultimately want a 3-fund portfolio. The problem is I bought REITs in early 2009, so I have large capital gains. I've been donating them to my DAF in years when I can write off charitable ded...
by remomnyc
Tue Jun 02, 2020 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Mother-in-law live rent free in my rental unit
Replies: 21
Views: 2517

Re: Questions about Mother-in-law live rent free in my rental unit

Operate your rental as a rental. Once she moves in, she'll be there forever, and you won't be able to kick her out. You may end up there anyway, but before that, I would have her apply for all benefits that she is entitled to: subsidized housing, rent subsidies, utility assistance, Medicaid, etc. I ...
by remomnyc
Sun May 31, 2020 9:42 am
Forum: Personal Consumer Issues
Topic: Face mask recommendations
Replies: 173
Views: 13478

Re: Face mask recommendations

My family likes the white triple-ply cotton face masks from Customink.com. They are $40 for 10. They are comfortable and wash well. Don't buy the black ones there that are $25 for 12. They stick to your mouth if you talk and shrink in the wash.
by remomnyc
Sat May 30, 2020 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2961

Re: Another Close or Walk Dilemma

Update I reached out to the seller directly and told them I could not close due to my unwillingness to undertake a gut reno during the uncertainty of a pandemic. I explained that I had hired a litigation attorney and they were welcome to do the same, but that I would share what I had learned. I expl...
by remomnyc
Fri May 29, 2020 7:49 am
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 2187

Re: Have you been following your IPS?

It appears many Bogleheads have stomachs of steel.
by remomnyc
Thu May 28, 2020 5:47 pm
Forum: Investing - Theory, News & General
Topic: Dry powder strategy?
Replies: 27
Views: 2938

Re: Dry powder strategy?

I consider my entire fixed income portfolio potential dry powder. Also, I have CDs and Treasuries that mature every 6 mos so I rebalance regularly as those mature. This week I increased my cash/savings from 1x to 2x expenses to avoid selling stocks over the next 2 years. I guess that could be consid...
by remomnyc
Thu May 28, 2020 12:53 pm
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 2187

Have you been following your IPS?

My IPS is 55%/45%, including 1x expenses in cash/savings and rebalancing using 5% bands. In March, as Rome burned, I couldn't wait for the 5% trigger and bought stocks at 20% down and again at 30% down to rebalance. This month, I decided 2x expenses should be my new normal cash holding level. When s...
by remomnyc
Wed May 27, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39963

Re: The axe falls and I am prepared. What's next?

It was said before, but I will reiterate with respect to a new job. If you want to work, you can look around. You can work for peanuts doing something that engages you or ask stupid money for something you may not otherwise want to do. You don't need to work anymore. Enjoy your retirement and be as ...
by remomnyc
Wed May 27, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How is the Amazon Prime Rewards Visa Signature Card
Replies: 41
Views: 2652

Re: How is the Amazon Prime Rewards Visa Signature Card

We got the card last fall because we had to unfreeze our credit for a mortgage anyway, and it is a free card since we already pay for Prime. Since we got it, I started shopping at Whole Foods, lured by the prime specials for meat and produce. I discovered their store brand 365 Everyday has good qual...
by remomnyc
Wed May 27, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 11146

Re: Simple jobs during FATFire?

The easiest way to find part-time work is with companies for whom you've already worked. You can eliminate the parts of your job you hated and just be hired to do the parts you like with control over your time. The last two companies I worked for both wanted to hire me back as an independent contrac...
by remomnyc
Tue May 26, 2020 12:27 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 185
Views: 19910

Re: Pandemic buys that have improved quality of life?

- Got Spotify for Christmas, pre-pandemic, and Spotify sent us a Google home mini as a gift. The kids use it non-stop to listen to music. - Have a 7-1/4-qt Le Creuset, which is not optimal for bread baking, so we bought a 5-1/2 qt. Wish we had purchased it years ago. - Replaced our round Simple Huma...
by remomnyc
Tue May 26, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4484

Re: Bogleheads: What is your largest single stock holding? (if any)

I set aside 5% of my 401k (~2% of total portfolio) for gambling/individual stocks. Whenever I made money, I funneled the wins into my index funds so that my gambling fund never exceeded 5%. I used it mostly to buy too big to fail firms that were beaten down at some point it time (Amazon, Bank of Ame...
by remomnyc
Sun May 24, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Two kids, how to divide 529 allocation?
Replies: 11
Views: 1579

Re: Two kids, how to divide 529 allocation?

Our kids are also two years apart. For simplicity sake, we funded the same amount for each child. We will transfer anything left over from child 1 to child 2. If we have to top off child 2, we will do so from taxable.
by remomnyc
Sun May 24, 2020 9:20 am
Forum: Personal Investments
Topic: Asset Allocation Dilemma – Contradicting Historical Data
Replies: 18
Views: 1425

Re: Asset Allocation Dilemma – Contradicting Historical Data

Your asset allocation depends on your willingness, ability and need to take risk. This is what I did. Age 30-50: 80/20 (money I did not need for 20+ years) Age 51: 70/30 (started reducing risk when I reached my #) Age 52: 55/45 (retired) Current plan is to go to 60/40 at around age 60 or 65 and to 7...
by remomnyc
Sun May 24, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 5461

Re: What do people spend money on?

My husband has amazing memories from vacations he took with his parents. When the he and his brother married, those vacations included their families. Traveling around the world with three families can burn through a lot of money quickly. We invite members of my extended family, who otherwise wouldn...
by remomnyc
Wed May 20, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 35241

Re: Coronavirus Flight Cancel Thread

I purchased 2 United flights with Chase Ultimate Rewards using points, maybe 30k points for travel in April. I called United, which told me I had to cancel with Chase. After I couldn't get through to Chase, I cancelled with Chase on-line and received an email 3 days later that I would receive a refu...
by remomnyc
Wed May 20, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 5039

Re: How did you determine your target savings rate?

I never had a target savings rate, only savings goals. I went to grad school because I was tired of living paycheck to paycheck. My first job afterward gave me my first 401k opportunity, so my first savings target was to max out my 401k. While maxing out my 401k, the next target was to save enough t...
by remomnyc
Tue May 19, 2020 6:33 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 181
Views: 39805

Re: VTSAX or VTWAX over the next 35 years?

For my kids, I only purchase VT (ETF of VTWAX). For me, I choose VTI and VXUS in taxable for equity so I can tax loss harvest. After the March plummet, I tax loss harvested out of VXUS to IXUS.
by remomnyc
Sat May 16, 2020 6:51 am
Forum: Personal Investments
Topic: Buying a house now???
Replies: 6
Views: 1401

Re: Buying a house now???

1) There could be a temporary discount as only those who HAVE to sell will list. Others will wait it out knowing anything offered during the pandemic will sell at a discount. 2) Needing to sell is a big risk. Are you willing to sell below recent market value? Will that impact your ability to buy? Ca...
by remomnyc
Sat May 16, 2020 6:42 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 11149

Re: Please tell me I'm not crazy

Listen to your wife. If anything, I think 12 mos is more appropriate if you have 2 kids. The cost of Cobra at my company for a family was $3,800/month. No one I know paid less than $2k/mo for their family Cobra plan when they lost their jobs. If unemployment is +20% and the stock market drops 50% an...