Search found 127 matches

by ensign
Tue Jun 08, 2021 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

I used to pay extra on my mortgage until we refinanced recently. I kind of regret it. Because of the refinance, the benefit isn’t as much as I thought it would be. It would have been better to invest that money in taxable instead. Why? Because markets always go up? I’m done with Bogleheads. It’s be...
by ensign
Tue Jun 08, 2021 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

I really hate myself always going back to revisit my decision. I just wonder if others' personal experience can help me settle the issue. mrsgoldilocks, A) It is common for some of my income peers to either pay down or pay off their mortgage and assuming that they will be fully-employed continuousl...
by ensign
Tue Jun 08, 2021 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

I don't have any regrets about paying off our mortgage. At the time interest rates were low and the markets were producing excellent returns, and we had experienced a great run-up in our investments. I felt the time was right to be a little more conservative and decided to get rid of our largest de...
by ensign
Tue Jun 08, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

drummer wrote: Tue Jun 08, 2021 7:03 pm I have no regrets paying off my mortgage. It's a sure thing compared to the speculation of the stock market.
Well said.
by ensign
Tue Jun 08, 2021 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

Mortgage pay-off threads are always such a good reading for learning about cognitive biases. My favorite is mental accounting in "I paid off my mortgage so that now I have cash flow to fund X and Y and Z". Mine is "I now own it 'free and clear'," well actually your local taxing ...
by ensign
Tue Jun 08, 2021 5:05 pm
Forum: Investing - Theory, News & General
Topic: "AMC Drama Is Exposing Risks in $11 Trillion World of Indexing"
Replies: 70
Views: 10411

Re: "AMC Drama Is Exposing Risks in $11 Trillion World of Indexing"

... ...And this is why you don't slice and dice. Buy a total stock market index and chill. I read of similar concerns when Tesla was being added to the S&P500 last year. It was already in the total stock market index funds I held, so a non-event for me... It was a non event to the s&p500 as...
by ensign
Tue Jun 08, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation home…financial suicide or reasonable?
Replies: 58
Views: 6607

Re: Vacation home…financial suicide or reasonable?

Been there, done that. Will never do it again. The expense and headaches of managing a vacation home far outweighed the pleasure I received from it.
by ensign
Tue Jun 08, 2021 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

I don't have any regrets about paying off our mortgage. At the time interest rates were low and the markets were producing excellent returns, and we had experienced a great run-up in our investments. I felt the time was right to be a little more conservative and decided to get rid of our largest de...
by ensign
Tue Jun 08, 2021 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: anyone regret paying off mortgage early

I really hate myself always going back to revisit my decision. I just wonder if others' personal experience can help me settle the issue. mrsgoldilocks, A) It is common for some of my income peers to either pay down or pay off their mortgage and assuming that they will be fully-employed continuousl...
by ensign
Sat Jun 05, 2021 12:20 pm
Forum: Personal Consumer Issues
Topic: Where do you shop for groceries?
Replies: 148
Views: 23392

Re: Where do you shop for groceries?

Kroger 90%
Sams 5%
Trader Joe’s 5%

I find Whole Foods to be poor value.
by ensign
Sat Jun 05, 2021 12:17 pm
Forum: Personal Investments
Topic: Seeking some life as well as portfolio advice -- Ensuring Financial Independence
Replies: 23
Views: 1496

Re: Seeking some life as well as portfolio advice -- Ensuring Financial Independence

Olemiss540 wrote: Sat Jun 05, 2021 12:05 pm Who cares if your 9M turns to 7.5M in the near term with a 50% AA
The topic author will probably care.
by ensign
Thu Jun 03, 2021 10:58 am
Forum: Forum Issues and Administration
Topic: Is it time to block meme stock posts?
Replies: 37
Views: 1952

Re: Is it time to block meme stock posts?

TomatoTomahto wrote: Thu Jun 03, 2021 9:49 am The board has disallowed crypto posts. Is it time to do the same for meme stocks (eg, AMC)?

The entertainment value exists, but I worry that it might induce bad behavior by “normalization.”
Yes. “Meme stocks” (I hate the term) are pointless tripe.
by ensign
Wed Jun 02, 2021 6:12 pm
Forum: Personal Investments
Topic: Retirement Planning
Replies: 17
Views: 1877

Re: Retirement Planning

@btenny Thank you for your reply. $150k of 700k is in a money maket account which generates nothing currently. The money is my savings over the years. Yes, I’m very risk-averse in the financial planning. Good for you. I’m risk-adverse too. Stocks are VERY overvalued. Be careful putting new money in...
by ensign
Wed Jun 02, 2021 6:07 pm
Forum: Investing - Theory, News & General
Topic: I don't understand what's happening with AMC shares
Replies: 72
Views: 6117

Re: I don't understand what's happening with AMC shares

Today AMC shares have gone up a lot after a hedge fund sold at a profit a large number of them which it got from AMC https://www.wsj.com/articles/amc-shares-soar-after-company-raises-230-million-in-stock-sale-11622571307 Is there any rationality in what is happening? If so can anyone explain this t...
by ensign
Wed Jun 02, 2021 7:14 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1565
Views: 187224

Re: What frugal thing did you do today?

I don't play golf (too expensive in general), I didn't pay for anything like an "amazon dot" (useless), I don't pay for a gym membership, I don't pay for a newspaper, I don't wash the cars, etc.. I guess I have a different definition of frugal than prior posters as I think of many of thes...
by ensign
Wed May 26, 2021 9:34 am
Forum: Personal Finance (Not Investing)
Topic: What part does a paid off home play in retiring early?
Replies: 78
Views: 8105

Re: What part does a paid off home play in retiring early?

Let's say I have $1 million, and owe $200,000 on the mortgage. It's 3%. I can make the monthly payments and keep the money invested, beating the 3%, or I can have $800,000 and no payment. I continue to be amazed that so many take it as a given that they will always make money in the markets, year a...
by ensign
Wed May 26, 2021 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What part does a paid off home play in retiring early?
Replies: 78
Views: 8105

Re: What part does a paid off home play in retiring early?

Jags4186 wrote: Tue May 25, 2021 1:43 pm Now, with the ability to have a sub 2% mortgage fixed rate mortgage, it may not make sense to have a paid off house in retirement.
It ALWAYS makes sense to have a paid off house in retirement.
by ensign
Tue May 25, 2021 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Anyone hate their vacation home?
Replies: 89
Views: 11320

Re: Anyone hate their vacation home?

Second homes are vastly overrated. Expensive and all I did was clean and maintain it. Very little relaxing. Sold it several years ago and don’t miss it.
by ensign
Wed May 19, 2021 8:15 pm
Forum: Investing - Theory, News & General
Topic: The Myths Behind The Current Stock Market Bubble
Replies: 37
Views: 5368

Re: The Myths Behind The Current Stock Market Bubble

https://www.ft.com/content/ce4939c2-be4e-4cf0-9463-5c0bba70debb?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev An interesting on Yahoo Finance today............., Nothing remotely interesting in the article.
by ensign
Fri May 14, 2021 8:11 am
Forum: Investing - Theory, News & General
Topic: Should the Total World Index include Crypto?
Replies: 30
Views: 2383

Re: Should the Total World Index include Crypto?

BogleBuddy12 wrote: Thu May 13, 2021 10:50 pm If one is looking to hold a global market weight type portfolio, say using VT (Vanguard Total World,) should a 2% stake of cryptocurrency be held to match its market value?

Thank you.
No. Crypto = tulips.
by ensign
Wed May 12, 2021 6:32 am
Forum: Investing - Theory, News & General
Topic: How big is the risk of sustained huge stock market decline?
Replies: 106
Views: 11094

Re: How big is the risk of sustained huge stock market decline?

stocknoob4111 wrote: Thu May 06, 2021 3:33 pm It will eventually crash like it always does but my personal take on it is that there is still too much pessimism about the market and the euphoria is not sufficient to call this a top.
Markets are at all-time highs. What pessimism?
by ensign
Wed May 12, 2021 6:17 am
Forum: Personal Consumer Issues
Topic: Zero Turn Mower (Toro vs Ariens)
Replies: 16
Views: 1735

Re: Zero Turn Mower (Toro vs Ariens)

I'm looking to buy a zero turn mower. I have about 3 acres to mow which takes 2.5 hours now with a Cub Cadet lawn tractor and a 50" deck, hoping to shave some time off this. I bought the Cub Cadet used last fall when we bought the house and could probably sell it now for a couple hundred more ...
by ensign
Wed May 12, 2021 6:14 am
Forum: Personal Consumer Issues
Topic: Buying books online - Amazon alternative?
Replies: 31
Views: 2142

Re: Buying books online - Amazon alternative?

I'm an avid reader (30-40 books per year) and have used Amazon (mostly hardcover/used where available) for the most part. Any recommendations of other online sources for new/used books with competitive prices? (Yes I've tried the library but I prefer to mark up and own most of the things I read). I...
by ensign
Wed May 12, 2021 6:09 am
Forum: Investing - Theory, News & General
Topic: When would you buy cryptocurrency?
Replies: 200
Views: 12238

Re: When would you buy cryptocurrency?

TheLaughingCow wrote: Wed May 12, 2021 2:55 am For those who own no crypto. Under what conditions would you consider exchanging some USD for crypto?
Not now. Not ever.
by ensign
Mon May 10, 2021 8:38 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 687
Views: 80481

Re: Are we in a housing bubble?

SuperTrooper87 wrote: Fri Mar 12, 2021 5:21 am Are we in another bubble?
Yes.
by ensign
Mon May 10, 2021 7:07 am
Forum: Personal Investments
Topic: Considering Crypto, But...
Replies: 64
Views: 10685

Re: Considering Crypto, But...

Kookaburra wrote: Sat May 08, 2021 2:40 pm But I’m starting to feel that if I don’t get some skin into that asset class, that I will be left in the dust in a matter of time.
Why on earth would you think that?
by ensign
Tue Apr 27, 2021 6:05 am
Forum: Investing - Theory, News & General
Topic: Tesla exceeds expectations for Q1
Replies: 111
Views: 8660

Re: Tesla exceeds expectations for Q1

iamlucky13 wrote: Mon Apr 26, 2021 8:04 pm
keanoz wrote: Mon Apr 26, 2021 5:32 pm Happy for Elon
I'm happy for Tesla's employees and investors. At this point, Elon is mostly incidental.
Are you kidding? If he quits or is forced out, shares would decline 50 percent or more.
by ensign
Wed Apr 14, 2021 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153744

Re: "Nobody's ever regretted paying off the mortgage."

I see this argument a lot when people favor paying down their mortgage in place of taxable investing. I know that I am likely to do much better investing, even at 80% stocks and 20% bonds, than the 2.99% that I'm paying on the mortgage. I think this is fairly basic and simple to understand. Will yo...
by ensign
Wed Apr 14, 2021 12:47 pm
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 258
Views: 21512

Re: Coinbase IPO - anyone tempted?

manuvns wrote: Tue Apr 13, 2021 5:58 pm I would buy it if it was $50 and not$250, 5x overpriced.
It’s 50x overpriced at $50.
by ensign
Wed Apr 14, 2021 12:45 pm
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 258
Views: 21512

Re: Coinbase IPO - anyone tempted?

txhill wrote: Tue Apr 13, 2021 4:05 pm Coinbase is here to stay for sure though,
Good grief.
by ensign
Tue Apr 13, 2021 3:18 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8706

Re: Multiple years of expenses in cash when starting retirement

Thanks for everyone’s comments about how they are using the cash and the reasons for stockpiling. However, I’m really looking at how people actually accumulated that cash? Was it slowly over time, selling bonds/equities right before retirement, foregoing other investments the final X years to fund ...
by ensign
Tue Apr 13, 2021 3:16 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8706

Re: Multiple years of expenses in cash when starting retirement

FlamePoint wrote: Tue Apr 13, 2021 9:07 am I started retirement with $400k in cash and am glad I did. We’re using these funds for aggressive Roth conversions over the next few years (living expense and taxes). In hindsight I wish I’d set aside even more in taxable for this purpose.
That’s precisely what I’m doing as well.
by ensign
Thu Mar 25, 2021 8:32 pm
Forum: Personal Consumer Issues
Topic: Should I get termite inspection?
Replies: 7
Views: 633

Re: Should I get termite inspection?

Another question, I trust bogleheads more than general google and I am brand new to home buying. We are getting almost brand new, 8 year hold house in up state New York area. How common are termites in here? The temperatures during winter went down to 0F. Should I get an inspection for an 8 year ol...
by ensign
Mon Mar 22, 2021 9:53 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 256
Views: 27866

Re: What is the BEST thing you spent money on?

Greens fees. Paying $20 to spend 4-5 hours walking at a brisk pace with friends and playing the game we all love is priceless! Riding in carts doesn’t cut it with my group.
by ensign
Sat Mar 20, 2021 9:09 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 18534

Re: Why can't we have another 20 years of bull market?

OP, Yes, we could. Vice versa, we could have 20 years of bear market too. So, why does any of this matters? It does not. The only relevant question is are you prepared? A) If we have 20 years of bull market, you will be fine. B) If we have 20 years of bear market, you are fine too. If you are prepa...
by ensign
Thu Mar 18, 2021 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Would you sell or rent out this house?
Replies: 25
Views: 1388

Re: Would you sell or rent out this house?

Folks, I (along with two siblings) inherited a home. We are debating whether to sell it or rent it out. Here are the details: -Realtor estimates the home could sell for between $230,000 and $300,000 (a big range, I know, but some of that is because it’s an odd property, zoned for light commercial, ...
by ensign
Tue Mar 16, 2021 8:03 am
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 16081

Re: Does it feel bubbly to you?

grettman wrote: Mon Mar 15, 2021 4:19 pmNope.
Yep.
by ensign
Sun Mar 07, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 219
Views: 19774

Re: How quickly did you receive your 2020 tax refund?

If you have filed your 2020 federal tax return, with a refund due, how quickly did the IRS process it? For us • Return e-filed on TurboTax and accepted: 02/20/2021 • Refund received (direct deposit): still being processed as of 3/6/2021 (https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp) Thi...
by ensign
Sun Mar 07, 2021 10:22 am
Forum: Personal Consumer Issues
Topic: What are your alternatives to big name brands, like Amazon?
Replies: 72
Views: 5063

Re: What are your alternatives to big name brands, like Amazon?

We didn't renew Prime and honestly don't miss it. With the Target debit card (they also have a credit version with no fee) you get 5% off at Target and free shipping. They are easier for essentials, and I especially appreciate how you don't have to wade through a ton of suspect/potentially counterf...
by ensign
Fri Mar 05, 2021 8:59 am
Forum: Non-US Investing
Topic: Non US Investing: Should we put 5% of port in Bitcoin?
Replies: 103
Views: 11865

Re: Non US Investing: Should we put 5% of port in Bitcoin?

https://youtu.be/Zz6RK361Gxo The above video is an excellent argument in favor of old seasoned retired investors like us buying and holding perhaps 5% of port in bitcoin. I'd like to know what other veteran non-USA investors think about it. If you asked me about my opinion regarding Bitcoin before ...
by ensign
Fri Mar 05, 2021 8:56 am
Forum: Personal Consumer Issues
Topic: Wi-Fi TV - complexity and savings
Replies: 65
Views: 5470

Re: Wi-Fi TV - complexity and savings

Wifi TVs. like ROku work great. Just make sure you have a decent signal in that area of the house. If not, get a Google wifi and it'll take care of it. I can heartily recommend smart wifi TVs. All the benefits, none the drawbacks. There is one major drawback: Having to scroll through each app to fi...
by ensign
Fri Mar 05, 2021 8:47 am
Forum: Personal Investments
Topic: Question from a retired friend
Replies: 13
Views: 2031

Re: Question from a retired friend

I have a friend who recently retired. He has a large enough dividend based portfolio (yield 3.2%) that produces enough dividend and dividend growth that he may never need to worry in retirement.    Would it make sense for him to switch over to an index fund like VOO and have to face the up and down...
by ensign
Tue Mar 02, 2021 9:41 pm
Forum: Investing - Theory, News & General
Topic: How crazy is it to hold 100% equities until retirement? (ERN)
Replies: 540
Views: 22228

Re: How crazy is it to hold 100% equities until retirement? (ERN)

Tamalak wrote: Tue Mar 02, 2021 11:38 am Not crazy. Domestic PE is like 25 right now, during covid.
It’s 35, over twice the mean.
by ensign
Tue Mar 02, 2021 9:37 pm
Forum: Investing - Theory, News & General
Topic: Does anyone have "fun" ETFs?
Replies: 62
Views: 3538

Re: Does anyone have "fun" ETFs?

SrGrumpy wrote: Tue Mar 02, 2021 10:13 am Does anyone have some fun money in such ETFs, maybe HERO rival NERD (up 130%)? Or even UFO (up 25% about the same as the S&P)?
No.
by ensign
Thu Feb 25, 2021 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13584

Re: Best decision(s) in your financial life

Helping my son with college expenses (he was a Division I athlete so got some scholarship money) so he graduated debt free. And more recently opening 529s for his two sons. Giving is much more fulfilling than receiving.
by ensign
Thu Feb 25, 2021 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13584

Re: Best decision(s) in your financial life

Marseille07 wrote: Tue Feb 23, 2021 4:06 pm To get rid of bonds from my Boglehead AA.
:sharebeer
by ensign
Wed Feb 24, 2021 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing
Replies: 140
Views: 11111

Re: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing

drgenefish wrote: Wed Feb 24, 2021 4:14 pm imo he's a genius and there's a lot of nuance beyond just feeling safer with the mortgage being paid off.
Ramsey is many things. Genius ain’t one of them.
by ensign
Tue Feb 23, 2021 3:33 pm
Forum: Personal Investments
Topic: 529s for kids - separate accounts for parent and grandparent?
Replies: 1
Views: 256

529s for kids - separate accounts for parent and grandparent?

I have a question I hope BH experts can weigh in on. I have been contributing to a 529 for my grandson for a few years. My son (the father) also wants to contribute now to his child’s education. Should he add to my existing account or open a new one? Other than better funds tracking with separate ac...