Search found 78 matches

by matthewmon
Mon Dec 28, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: People with experience renting their vacation homes?
Replies: 12
Views: 1621

Re: People with experience renting their vacation homes?

well you need to talk to condo owners that live in the exact condo complexes you are interested in. Get them to show you their yearly statements...like 5 consecutive years not just 1. If you just go and get a realtor to show you a spot you may get emotional looking at a million dollar view and be wi...
by matthewmon
Mon Dec 28, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: People with experience renting their vacation homes?
Replies: 12
Views: 1621

Re: People with experience renting their vacation homes?

my mom did the same thing in the same area in 2014 but paid cash. She probably makes about 10k/year off it. 2 bedroom condo for 240k now would be 300+. With only 20% down I could see you having to pay a couple thousand out of pocket some years. My mom also spent a good chunk of money fixing the cond...
by matthewmon
Wed Dec 23, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10200
Views: 731883

Re: Refinance Mega Thread

I am in eastern NC and owe 89k on a 15 year 3.25% that has 12 years left. Is there any refi option that would make sense for me now? I would prefer a no cost refi. Probably a 15 and add $ towards the principal each month so that i'm paying about the same amount each month as I am now. I guess i cou...
by matthewmon
Wed Dec 23, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10200
Views: 731883

Re: Refinance Mega Thread

Hi all, I am a total refi noob here looking for advice. The local banks I looked at are not offering anything lower than 3%. So I found this forum and I’m seeing people talking about amazing rates from places like lenderfi or better. Sounds good but it’s pretty new to me, so it makes me a little ne...
by matthewmon
Tue Dec 22, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: DRIP Investing - is it worth it anymore?
Replies: 14
Views: 1879

Re: DRIP Investing - is it worth it anymore?

i checked the boxes on everything I own in my retirement accounts to reinvest the dividends? Is that not good???
by matthewmon
Thu Dec 17, 2020 3:12 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1547
Views: 92580

Re: What are you listening to now

local music that's better than most songs on the radio. such as David Dixon - https://www.youtube.com/watch?v=7nJMx8wq5M0 https://www.youtube.com/watch?v=fQBiG945s94 or Barefoot Wade on youtube - https://www.youtube.com/channel/UC_OhRowJOoM3AXOjKyNpjUw/videos Support your local artists especially du...
by matthewmon
Thu Dec 17, 2020 2:25 pm
Forum: Personal Investments
Topic: 80/20 10 yrs from Retirement - Where to go from here?
Replies: 27
Views: 2089

Re: 80/20 10 yrs from Retirement - Where to go from here?

Hi Everyone, I'm currently 10 yrs out from retirement and I'm considering making changes to my planned AA as I near retirement. This consideration is not due to recent market returns, but a reconsideration of my expected pension benefits. Here are the details: Marital Status: Married Projected Reti...
by matthewmon
Wed Dec 16, 2020 6:17 am
Forum: Personal Investments
Topic: Best way to get back into the market?
Replies: 53
Views: 4352

Re: Best way to get back into the market?

^ I have been doing similar but not yielding anywhere close to the 12% you say you are because I am buying farther out of the money (at strike prices that I will only have a small loss from selling out 6 months ago). Don't recommend options for beginners and also don't recommend because its still ma...
by matthewmon
Wed Sep 23, 2020 1:03 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 8246

Re: Throwing In The Towel on Portfolio Management

wouldn't your asset allocation get off target? Isn't that "market timing" that wouldn't beat just taking income out in proportion to your asset allocation each month or year?
by matthewmon
Wed Sep 23, 2020 5:32 am
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 8246

Re: Throwing In The Towel on Portfolio Management

I have also thought that in retirement I would try to take yearly income from mostly from the asset (bonds or stocks/BND or VT) that had performed the best for the year but isn't that market timing and over the long haul I am likely to do no better than just taking a certain percentage from a lifest...
by matthewmon
Tue Sep 22, 2020 5:24 am
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 8246

Re: Throwing In The Towel on Portfolio Management

About two years ago, I thought it would be a brilliant, streamlined move to put a lot of money in a balanced index fund in my 401k. It drove me crazy. I like to be able to see the moving parts and what they are doing. Now I have the money in a bond index fund, an S&P 500 fund and a stable value...
by matthewmon
Mon Sep 21, 2020 1:18 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 8246

Re: Throwing In The Towel on Portfolio Management

Is there a VT equivalent that has a lower expense ratio?
by matthewmon
Tue Jun 16, 2020 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36631

Re: Car Dealers not really wanting to make a deal

If i have done research and know what i am willing to pay is there a way to buy directly from the sales manager or internet sales manager and if so how? Rav4 XLE 2020 we have driven my mom's several times and dont need a test drive or salesman.
by matthewmon
Thu Mar 12, 2020 8:39 am
Forum: Investing - Theory, News & General
Topic: not panicking but does this sound like a good proactive plan?
Replies: 13
Views: 1129

Re: not panicking but does this sound like a good proactive plan?

update tried to sell 30 shares of WMT at 110 and got a partial fill of 10 shares. Now markets closed for 15 minutes. Want to buy protection with that money when it opens up again. Anybody that knows about options think sept vti 85 puts is good strategy? Trying to buy for around 1.5 to 1.75 per contr...
by matthewmon
Thu Mar 12, 2020 8:23 am
Forum: Investing - Theory, News & General
Topic: not panicking but does this sound like a good proactive plan?
Replies: 13
Views: 1129

Re: not panicking but does this sound like a good proactive plan?

^^^some people on this forum understand options and I would like their advice. Not selling stock at loss but knowing how to buy downside protection during rare episodes seems prudent to me and not at odds with boglehead philosophy. Shoot it wouldn't cost me much in the worst case scenario and seems ...
by matthewmon
Thu Mar 12, 2020 8:15 am
Forum: Investing - Theory, News & General
Topic: not panicking but does this sound like a good proactive plan?
Replies: 13
Views: 1129

Re: not panicking but does this sound like a good proactive plan?

^because it would cost me very little money at the most and it seems like the chances of the market going lower from here are very likely. Not worried but would feel a lot better knowing I have protection that would actually make me some money to buy with during this coronavirus dip. If the market g...
by matthewmon
Thu Mar 12, 2020 8:09 am
Forum: Investing - Theory, News & General
Topic: not panicking but does this sound like a good proactive plan?
Replies: 13
Views: 1129

Re: not panicking but does this sound like a good proactive plan?

I would just sell like 3k worth to cover the purchase of the put options. I have a huge gain. Are VTI SEPTEMBER 85 put options the best way to buy protection? I have experience with options but have never bought them for protection before. It seems like this plan has very little downside? TIA!!!
by matthewmon
Thu Mar 12, 2020 7:54 am
Forum: Investing - Theory, News & General
Topic: not panicking but does this sound like a good proactive plan?
Replies: 13
Views: 1129

not panicking but does this sound like a good proactive plan?

I am 38 my wife is 31 and we are 100% equities. I am not worried about long term. Totally fine with our plan and will not sell our equities until retirement. However I have over 200 shares of WMT stock from before I became a boglehead and my mother has 220 shares of WMT stock. WMT has held up pretty...
by matthewmon
Wed Mar 11, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Are any early accumulators thankful for the current correction?
Replies: 185
Views: 10505

Re: Are any early accumulators thankful for the current correction?

^^thanks for the reply! Have less than 13 years left on a 15 year at 3.25 just thought with all these refi threads I might should be ready to refi if the opportunity presented itself. House is 10 years old thought would be good to have 4k in an account for emergency home repair like new hvac. My mom...
by matthewmon
Wed Mar 11, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Are any early accumulators thankful for the current correction?
Replies: 185
Views: 10505

Re: Are any early accumulators thankful for the current correction?

This dip hit at the 12th year of our accumulation and it's the first time I had stopped contributing to our accounts and probably still won't have anything to contribute for a while because we are saving for a car/emergency fund/possible refi. Horrible timing for us. We are middle income. Maybe I sh...
by matthewmon
Tue Mar 10, 2020 5:03 am
Forum: Personal Consumer Issues
Topic: Time for a new car - Corolla or Civic...
Replies: 106
Views: 12654

Re: Time for a new car - Corolla or Civic...

It's time for me to find a new or slightly used car to buy and I'm wondering is there any reason Volkswagen Jetta is never mentioned in the discussion of a good small car that is good on gas and reliable to buy? is it more unreliable and more expensive to own than toyota/honda? My family and nobody ...
by matthewmon
Tue Dec 03, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8965

Re: Favorite stock(s) and why

Welltower it's a reit that has a good dividend and is a play on the baby boomers getting older but it's only 5% of portfolio and I am selling options against it now to make extra money and when I get called out from my original position of 200 shares I'll just keep the free shares that were bought w...
by matthewmon
Tue Dec 03, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Planning as renter : How to rent home, condo for a few months in winter ?
Replies: 10
Views: 1155

Re: Planning as renter : How to rent home, condo for a few months in winter ?

What location do you want to rent in? My 2 bedroom ocean front beach condo in NC rents for over $1,700 a week during the summer but for only $1600 a month during November to March...which is super cheap for a 400k 2 bedroom condo right on the ocean. Yeah the water is too cold to go in but it's nice ...
by matthewmon
Tue Dec 03, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 13260

Re: How not to feel poor...

Are you going to have any pension money? It looks like you're going to have more money than my wife and I in retirement...we are 38 and 31. I am very frugal also but have realized you only live once and time is precious. We took our 12 year old son to Orlando Florida to experience SeaWorld and Unive...
by matthewmon
Wed Oct 02, 2019 7:36 am
Forum: Personal Investments
Topic: Emerging Markets Value Funds?
Replies: 14
Views: 1807

Re: Emerging Markets Value Funds?

Better than vwo?
by matthewmon
Wed Oct 02, 2019 6:58 am
Forum: Investing - Theory, News & General
Topic: TD Ameritrade Introduces $0 Commissions for Online Stock, ETF and Option Trades
Replies: 49
Views: 6283

Re: TD Ameritrade Introduces $0 Commissions for Online Stock, ETF and Option Trades

Just so you know you could have clicked on the AON (all or none) box and you wouldn't get partial fills.
by matthewmon
Wed Oct 02, 2019 4:55 am
Forum: Investing - Theory, News & General
Topic: TD Ameritrade Introduces $0 Commissions for Online Stock, ETF and Option Trades
Replies: 49
Views: 6283

Re: TD Ameritrade Introduces $0 Commissions for Online Stock, ETF and Option Trades

best way to go from the sptm i had bought at TD to vti and same for spdw to vanguard international etf??? thanks!
by matthewmon
Thu May 23, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5135
Views: 968269

Re: What's Your Credit Card Rewards Strategy?

how about 3k spend?
by matthewmon
Thu May 23, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5135
Views: 968269

Re: What's Your Credit Card Rewards Strategy?

I saw people saying you can get $500 cash back with the Capital One savor card but when I went to the website it said $300 cash back....am I too late for the $500? What other cards other than sapphire preferred can I get $500 for 3k spend in 3 months? thanks!
by matthewmon
Wed Mar 27, 2019 8:57 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 142
Views: 25350

Re: Anyone else gotten totally bored with investing?

I have finally reached this point at 37 years old. I think this is the point in which my returns will be optimized from now on. I would have a lot more money if I had reached this point 15 years ago but luckily I had a high savings rate. Basically screwed around a lot and none of it worked well long...
by matthewmon
Mon Jul 16, 2018 2:27 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 11489

Re: Amazon Prime Day 2018

how does this prime day even work I've never done it before. I keep clicking on "shop all deals" and nothing happens?
by matthewmon
Mon Jul 16, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 11489

Re: Amazon Prime Day 2018

i have a 4k roku tv what would this fire stick do for me?
by matthewmon
Mon Jul 09, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 62102

Re: What is/ was your career and would you recommend it now?

its a long story but after getting a business degree with excellent grades I didn't take a normal career path and now at the age of 37 still have never had a "career" job. The longest job I had was debt collector for 5 years and I do not recommend it...it was the first job I found after wi...
by matthewmon
Fri Mar 16, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced Rum?
Replies: 48
Views: 5800

Re: What is your favorite reasonably priced Rum?

is it true dark liquors are the healthiest? I think I like rum in diet coke better than whiskey in diet coke. I have only tried white rum and diet coke though...what is a good CHEAP (I don't believe in spending a lot on liquor) dark rum to put in my rum and cokes? I like rum in cranberry juice too b...
by matthewmon
Fri Mar 16, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 17863

Re: Large life style creep that was completely worth it

how far are you from the beach? We got a condo right on the ocean in 2014 and it has been amazing...life changing and sooo worth it. Prices have started to go up but you still have time to get one for a decent price. If you live 2 hours or less away from it you can usually figure out a way to go mor...
by matthewmon
Sat Mar 03, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

my wife made a $1,000 contribution to her roth after tax 401k in 2017 so maybe she could contact the 401k administrator and have them recharacterize it as a pre tax 401k contribution. It would bring AGI down from $45,963 to $44,963 and the AGI limit for one child is $45,207 to get EITC....would it b...
by matthewmon
Mon Feb 26, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

^my wife and I already did the maximum 5,500 each for last year. If I overpaid for my ACA last year I am assuming that turbotax is taking that into account and fixing it for me?

is there any way we could possibly pay less taxes if we filed seperately?
by matthewmon
Mon Feb 26, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

just logged onto her health insurance website - blue cross blue shield blueoptions and her deductible was 1,500 and max out of pocket 4,500 so it looks like an HDHP to me but I found this ---- Please note: This health benefit plan was not specifically designed to be a high deductible health plan (&q...
by matthewmon
Mon Feb 26, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

she has a county government job in NC. I will get her to contact someone about her health insurance at work tomorrow.
by matthewmon
Mon Feb 26, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

I just checked with my wife and she said her health insurance deductible last year was $1,500. I'm going to get her to bring me her health insurance info from last year tomorrow. So if her deductible was over $1,300 and max out of pocket below $6,550 we can open her up and HSA somewhere and put at l...
by matthewmon
Mon Feb 26, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

no...I had ACA... Not sure I can reduce it that way I would think turbotax is already calculating that for me? I had a $1,000 deductible and $3,250 max out of pocket which I hit. I actually have an HSA from when I worked at a Megacorp but I'm pretty sure I cannot contribute to it anymore because I h...
by matthewmon
Mon Feb 26, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1351

$500 above EITC limit and $700 above 20% savers credit instead of 10%...

let this be a lesson...I could have easily contributed $700 more to my 401k in December of last year to get more money back on my taxes but forgot to calculate my taxes until now instead of late November of last year like I should have. Now I cannot think of a way to lower my AGI and I already contr...
by matthewmon
Sat Jan 13, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5135
Views: 968269

Re: What's Your Credit Card Rewards Strategy?

do I get the 5% cashback on gas from Chase Freedom if I buy gas at a Neighborhood Walmart?
by matthewmon
Sat Jan 13, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 112
Views: 11902

Re: Heading for a top?

I agree there is no way to time it and we shouldn't try to time it...but we have had 9 straight years of positive return in US stock market which ties a record I think...so if the market goes up the next 2 years which I could see as possible with these new tax cuts we would definitely be setting a n...
by matthewmon
Sat Jan 13, 2018 7:43 am
Forum: Personal Investments
Topic: [Deleted]
Replies: 98
Views: 19949

Re: REIT or No REIT

I am buying healthcare reits HCN & VTR right now (10% of portfolio) at close to 6% dividend yield...with the population aging for the next 20+ years seems pretty safe since I plan to hold that long or longer.
by matthewmon
Thu Jan 11, 2018 1:14 pm
Forum: Personal Investments
Topic: roth recharacterization - think I made a mistake?
Replies: 2
Views: 598

Re: roth recharacterization - think I made a mistake?

ok...I suck at taxes and think I just got confused. I will just leave it as is if everything is fine. Thanks!
by matthewmon
Thu Jan 11, 2018 12:12 pm
Forum: Personal Investments
Topic: roth recharacterization - think I made a mistake?
Replies: 2
Views: 598

roth recharacterization - think I made a mistake?

I did some reading on this site and thought I had figured out a way to reduce my taxable income in 2017 to get the full savers credit...but now I think I have realized what I did probably wasn't correct or proper and needs to be fixed??? Was it okay or do I need to do something to fix the situation ...
by matthewmon
Sat Nov 18, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 119
Views: 15679

Re: Has used furniture dropped in value dramatically?

BW1985 what is the best website for me to learn how to paint old furniture like you and your wife do? thanks!
by matthewmon
Tue Oct 17, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 566
Views: 79793

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

SPTM and SPEM do not have options and I like to use options strategies sometimes so that is another negative. I will wait for a boglehead consensus to form on what is the best brokerage to move my family's 6 accounts to that has commission free, optionable, low ER ETFs for the 3 fund porfolio. I rec...