Search found 859 matches

by hightower
Fri Jan 22, 2021 7:45 am
Forum: Personal Investments
Topic: Priority of investing versus pay off of mortgage debt
Replies: 38
Views: 3428

Re: Priority of investing versus pay off of mortgage debt

Hi everyone, I am behind in my retirement. I have about 18 years to retire. Single dad w 2 teens. The wonderful people in this thread are helping me with asset allocation, savings rate, and rebalancing. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=335474&p=5728663#p5728663 The topic...
by hightower
Wed Jan 20, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Car purchase for college, financing and loan payoff
Replies: 9
Views: 449

Re: Car purchase for college, financing and loan payoff

Have been reading for a long time, first time posting. I have a question regarding purchasing a used car for my daughter. Initially, inspired by Dave Ramsey, I thought that paying cash for the car is the only way to go. After visiting dealerships this weekend to find a good value on a used 2020 Nis...
by hightower
Wed Jan 20, 2021 3:38 pm
Forum: Personal Consumer Issues
Topic: Washing machine decision/feedback - GE GFW850SSNWW vs. LG WM4000HWA
Replies: 30
Views: 2339

Re: Washing machine decision/feedback - GE GFW850SSNWW vs. LG WM4000HWA

I've searched for previous front-loader washing machine threads, but didn't see this newer model GE washing machine discussed. Does anyone have experience with the GE 5.0 cu. ft. washing machine with the UltraFresh vent system (GFW850SSNWW)? https://www.geappliances.com/appliance/GE-5-0-cu-ft-Capac...
by hightower
Mon Jan 18, 2021 3:50 pm
Forum: Personal Investments
Topic: Age 38 - How are we doing for early retirement?
Replies: 9
Views: 1697

Re: Age 38 - How are we doing for early retirement?

Obviously this depends on when/what age we'd retire and how much we'd expect to spend. But we're just starting to think about retiring early if we feel we have "enough" at some point before our 60s. Some of the funds we're in are slightly less aggressive than recommended for our age since...
by hightower
Fri Jan 08, 2021 3:28 pm
Forum: Personal Investments
Topic: Should I sell my Tesla [stock] now or wait?
Replies: 43
Views: 2558

Re: Should I sell my Tesla [stock] now or wait?

Tesla was selling for about 250 to 350 until about December of 2019, then it jumped to about $1,500 by August 2020 when it did a 5 for 1 stock split, $300 after the split. When I heard about the pending split, I bought mine on August 8 for $15,010 a share, $302 after the split. As I write this in t...
by hightower
Fri Jan 08, 2021 3:27 pm
Forum: Personal Investments
Topic: Should I sell my Tesla [stock] now or wait?
Replies: 43
Views: 2558

Re: Should I sell my Tesla [stock] now or wait?

Tesla was selling for about 250 to 350 until about December of 2019, then it jumped to about $1,500 by August 2020 when it did a 5 for 1 stock split, $300 after the split. When I heard about the pending split, I bought mine on August 8 for $15,010 a share, $302 after the split. As I write this in t...
by hightower
Fri Jan 08, 2021 3:07 pm
Forum: Personal Investments
Topic: Should I sell my Tesla [stock] now or wait?
Replies: 43
Views: 2558

Re: Should I sell my Tesla [stock] now or wait?

Interesting opinion piece. Opinion: I’ve pulled out all the stops for Tesla — but can’t find the upside on the stock https://www.marketwatch.com/story/ive-pulled-out-all-the-stops-for-tesla-but-cant-find-the-upside-on-the-stock-11610117368?mod=home-page Love it. Great piece, thanks for sharing. And...
by hightower
Fri Jan 08, 2021 2:50 pm
Forum: Personal Investments
Topic: Should I sell my Tesla [stock] now or wait?
Replies: 43
Views: 2558

Re: Should I sell my Tesla [stock] now or wait?

Tesla was selling for about 250 to 350 until about December of 2019, then it jumped to about $1,500 by August 2020 when it did a 5 for 1 stock split, $300 after the split. When I heard about the pending split, I bought mine on August 8 for $15,010 a share, $302 after the split. As I write this in t...
by hightower
Fri Jan 08, 2021 2:41 pm
Forum: Personal Investments
Topic: Should I sell my Tesla [stock] now or wait?
Replies: 43
Views: 2558

Re: Should I sell my Tesla [stock] now or wait?

Tesla was selling for about 250 to 350 until about December of 2019, then it jumped to about $1,500 by August 2020 when it did a 5 for 1 stock split, $300 after the split. When I heard about the pending split, I bought mine on August 8 for $15,010 a share, $302 after the split. As I write this in t...
by hightower
Fri Jan 08, 2021 2:31 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2314
Views: 274858

Re: Major Milestone reached!

Can't share this w/ anybody other than my family members, Just crossed the 500K mark! Its been quite the journey, starting at -130K in debt right out of college at age 22 to now making over 400K at age 31. Life is good and fun when the stock market is going up like crazy (Thank you Tesla / Nio / AR...
by hightower
Mon Jan 04, 2021 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford a $900k house?
Replies: 28
Views: 3193

Re: Can I Afford a $900k house?

If this is your first house, just understand that owning a house is much more than just the payment. Get a quote on insurance to see one aspect. You will find new/interesting ways to blow cash that will "Bogle" your mind. Yes, another very important point. Here's an example from my life. ...
by hightower
Mon Jan 04, 2021 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford a $900k house?
Replies: 28
Views: 3193

Re: Can I Afford a $900k house?

My wife and I just had a newborn, so we're looking to buy a $900k house near our parents (eventually will need free babysitting :D ) in California. For the past couple years, we've aggressively fully paid off over $400k of cumulative student loans and both our cars, while still maxing out IRAs/401k...
by hightower
Thu Dec 31, 2020 10:54 am
Forum: Personal Investments
Topic: How to invest $200k (from 2.25% cash out refinancing)?
Replies: 193
Views: 11533

Re: How to invest $200k (from 2.25% cash out refinancing)?

The interests are so ridiculously low so I decided to take a portion of my equity out while doing refinancing. I am getting a 2.25% 15-year loan. $200K of the loan is cash out. I already max out my 401k and IRA for many years. I also have some taxable accounts with half stock index and half bond in...
by hightower
Wed Dec 30, 2020 3:01 pm
Forum: Investing - Theory, News & General
Topic: Preparing for (high) volatility
Replies: 8
Views: 589

Re: Preparing for (high) volatility

I have been thinking about the following the last few days so appreciate expert opinions: There is extreme polarization of views and events (political, climate, pandemic, you name it...) because of social media (and other factors...). Volatility is the nature of the stock market and always a factor...
by hightower
Mon Dec 28, 2020 5:57 pm
Forum: Non-US Investing
Topic: I want 15% yearly ROI. How to go about it? [Croatia]
Replies: 146
Views: 12533

Re: I want 15% yearly ROI. How to go about it? [Croatia]

antisa wrote: Sun Dec 27, 2020 6:19 pm If I would like to earn on average 15% from my portfolio investments, how to go about it?

Let's assume I can tolerate any risk and my time horizon is 30 years.
I would like to be married to Margot Robbie. Oh and I want to win the lottery.
by hightower
Mon Dec 21, 2020 7:48 am
Forum: Personal Consumer Issues
Topic: I'm buying a Tesla...Why I'm NOT paying cash
Replies: 25
Views: 2991

I'm buying a Tesla...Why I'm NOT paying cash

Typically, I preach that if you can't pay cash for a car, you can't afford it. I still believe this. My belief is you should only spend what you are capable of paying cash for. However, that doesn't mean paying cash is always the smartest option. I am picking up a brand new Tesla Model 3 LR AWD on D...
by hightower
Fri Dec 18, 2020 5:32 pm
Forum: Personal Investments
Topic: Time to buy Tesla?
Replies: 79
Views: 12049

Re: Time to buy Tesla?

I'm grinning as I write this. I just got a text from my freshman in college grandson who advised me to put $50 in Tesla because the stock is going up! Well, I guess there is "fun money" to be spent but..... I think I'll pass, but still wanted to alert the Boglehead community of this oppor...
by hightower
Tue Dec 15, 2020 8:16 am
Forum: Investing - Theory, News & General
Topic: Is Tesla being added to the S&P 500 concerning?
Replies: 79
Views: 6942

Re: Is Tesla being added to the S&P 500 concerning?

Not sure why people are concerned about Tesla being added to the SP500. Like others have mentioned, it's been part of VTSAX for a very long time already. Let's say it does something "crazy" to the markets when added, like maybe it causes a sharp decline in other stocks that day (I have no ...
by hightower
Mon Dec 14, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: We won the game…then we rolled the dice
Replies: 192
Views: 20611

Re: We won the game…then we rolled the dice

More risk, more potential profit, but also more potential losses. Thanks for sharing your experience. Glad to hear that at least you got the wake up call and downsized your lifestyle a little bit (getting rid of the fancy private schools for instance was a great move no matter what). I am currently...
by hightower
Mon Dec 14, 2020 4:07 pm
Forum: Personal Investments
Topic: Vanguard recommends a 90% stocks/10% bonds allocation for someone 29 years old?
Replies: 34
Views: 2784

Re: Vanguard recommends a 90% stocks/10% bonds allocation for someone 29 years old?

My understanding is that asset allocation is the only way to control investment risk. Taking more risk doesn’t always lead to better returns. Vanguard recommends a 90% stock/10% bond allocation for my 29 year old son, which seems very aggressive. That works great during a bull market, but not so gr...
by hightower
Mon Dec 14, 2020 1:58 pm
Forum: Personal Consumer Issues
Topic: Toilet Crack Repair Products
Replies: 120
Views: 5150

Re: Toilet Crack Repair Products

I like my toilet and newer ones have a lower gallons per flush rate. Also, a replacement toilet involves a high labor rate to replace, vs a product that might extend the longevity of the toilet tank. I was thinking about using a masonry crack filler, but I read it's not waterproof. Seems difficult ...
by hightower
Mon Dec 14, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: We won the game…then we rolled the dice
Replies: 192
Views: 20611

Re: We won the game…then we rolled the dice

More risk, more potential profit, but also more potential losses. Thanks for sharing your experience. Glad to hear that at least you got the wake up call and downsized your lifestyle a little bit (getting rid of the fancy private schools for instance was a great move no matter what). I am currently ...
by hightower
Mon Dec 14, 2020 1:40 pm
Forum: Personal Investments
Topic: 27 years old - How am I doing?
Replies: 30
Views: 4506

Re: 27 years old - How am I doing?

Hi everyone :) It's been a year since my last check-in and I'm excited to both review my current financial position and learn what else I can improve upon from my fellow Bogleheads. Thanks all in advance for your advice/wisdom. I hope everyone and their families are safe and healthy this holiday se...
by hightower
Fri Dec 11, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: Favorite Travel Experiences
Replies: 178
Views: 12958

Re: Favorite Travel Experiences

Retired at 56 in 1996. Many favorite places. The fjords and scenery in Norway were beautiful. St Petersburg, Russia is remote but interesting. Germany was great...the railways run on time. We especially enjoyed Berlin, Nurenberg, Regensburg, Munich and Bavaria. Italy, is great...train from Rome to ...
by hightower
Fri Dec 11, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

I would spend $25k if a cheaper Tesla was available. I don’t want to spend $25k on a gas car and have it outdated since the world is moving towards electricity. You can get a brand new Chevy Bolt for 28k now. Or a used Nissan leaf can be found for great deals too. Also, a used BMW i3 can be had for...
by hightower
Wed Dec 09, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

Has anyone considered the intangible downsides for owning a Tesla? I feel that (opinion, unfortunately no studies to back this up), than owing a Tesla simply paints a target on your back. That you're rich, loaded and "come rob me". I would feel unsafe owning a Tesla because of this. You s...
by hightower
Wed Dec 09, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

It’s your money - do what you want with it. Not one anyone else wants you to do. Just ensure you understand your options and alternatives. For example: Option 1 - spend $50k on the Tesla over 5 years Option 2 - spend $25k for a cheaper car over next 5 years and invest the other $25k, which growing ...
by hightower
Wed Dec 09, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a $1m condo in San Francisco in December 2020
Replies: 104
Views: 10099

Re: Talk me out of buying a $1m condo in San Francisco in December 2020

Personal details: It's just me. No spouse, no kids, don't want or plan to have kids. I believe you, but all of my friends (and myself) that said this were married with at least one kid within a few years. :D Yep. I said the same thing up until the age of about 34 or so. Although I was already marri...
by hightower
Wed Dec 09, 2020 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a $1m condo in San Francisco in December 2020
Replies: 104
Views: 10099

Re: Talk me out of buying a $1m condo in San Francisco in December 2020

Convincing me to not buy a condo (likely approaching $1m) in late 2020 in San Francisco sounds easy, right? But... the many of the usual assumptions are different for this kind of post: I actually like it here! Want to for at least 5-10+ more years. Have enough cash for at least 20% down on a condo...
by hightower
Wed Dec 09, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: TESLA Valuation
Replies: 111
Views: 7112

Re: TESLA Valuation

In certain ways this stock reminds me of Apple from many years ago. They both have very smart, charismatic, visionary, unafraid leaders who led the development of tangible products that people actually can see and use to their delight (i.e iPods, iPhones, Tesla cars, etc.). Jobs went on to revoluti...
by hightower
Wed Dec 09, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: TESLA Valuation
Replies: 111
Views: 7112

Re: TESLA Valuation

I'm a big Tesla fan. I am waiting to take delivery on a Model Y Performance any day now in fact. I also have 2 Powerwalls in my basement tied to solar and my house is running off of them right now. I really hope Tesla is as successful as I think they will be. I also hope I don't live to regret buyin...
by hightower
Wed Dec 09, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

Of course you should get it. Every 23 year old needs to be able to look back in 10 years and say ‘that was stupid’. This could be your opportunity. I’ve done my share of rightly justified but stupid financial decisions at your age like getting a bmw. Lol, best post. Absolutely true though. I did pl...
by hightower
Wed Dec 09, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

If you want to go battery electric but save a ton of money, check out off-lease 2017 Chevy bolts. Definitely not the Tesla aesthetic but they can be had for impressively little money for a car with a 200 plus mile range and a good overall reputation. Other electric manufacturers have slow cars. Che...
by hightower
Wed Dec 09, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

It’s your money - do what you want with it. Not one anyone else wants you to do. Just ensure you understand your options and alternatives. For example: Option 1 - spend $50k on the Tesla over 5 years Option 2 - spend $25k for a cheaper car over next 5 years and invest the other $25k, which growing ...
by hightower
Wed Dec 09, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13551

Re: What should a 23 year old consider before purchasing a Tesla?

I'm going to add my 2 cents to this discussion too just because. If you don't have enough cash on hand to pay for this car in full with cash, you can not afford this car. Now, I'm not necessarily opposed to taking out a car loan if the terms are good...BUT you should have the option of paying cash m...
by hightower
Sun Dec 06, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Hate My Job
Replies: 239
Views: 21284

Re: Hate My Job

Become a slacker (hard to do for people our age), so you eventually get terminated. That way you will qualify for unemployment. You will be on the same boat as many others in this era of COVID, so after a break you will be able to re-enter the workforce untainted. This is not a bad idea IF he doesn...
by hightower
Sat Dec 05, 2020 9:49 am
Forum: Personal Consumer Issues
Topic: "Buy once, cry once"
Replies: 132
Views: 13029

Re: "Buy once, cry once"

No matter how well made it is, furniture will look dated after 10-15 years. Buy mid-range furniture so you won't feel bad about replacing it when the time comes. Not necessarily if purchasing timeless designs...think the Eames lounge chair, Barcelona chair, Noguchi table, etc. Ahem.... I do not con...
by hightower
Sat Dec 05, 2020 9:38 am
Forum: Personal Consumer Issues
Topic: "Buy once, cry once"
Replies: 132
Views: 13029

Re: "Buy once, cry once"

No matter how well made it is, furniture will look dated after 10-15 years. Buy mid-range furniture so you won't feel bad about replacing it when the time comes. Not necessarily if purchasing timeless designs...think the Eames lounge chair, Barcelona chair, Noguchi table, etc. Very true. There are ...
by hightower
Sat Dec 05, 2020 9:29 am
Forum: Personal Consumer Issues
Topic: "Buy once, cry once"
Replies: 132
Views: 13029

Re: "Buy once, cry once"

what are your thoughts on this mantra? i think it makes sense - for certain items. right now my wife and i are furniture shopping. i could spend $1500 on something that might last 8 years or $3500 on an heirloom piece that might last 25+. where do your habits usually lead to? We are definitely in t...
by hightower
Thu Dec 03, 2020 8:43 am
Forum: Personal Consumer Issues
Topic: Buying a 1.3M house - worried about unexpected expenses
Replies: 93
Views: 6639

Re: Buying a 1.3M house - worried about unexpected expenses

Yes, if the seller is not allowing an inspection, ABSOULUTELY WALK AWAY. That is a major red flag as stated above. I can't imagine what they are trying to hide, but I've never heard of a seller trying to block a home inspection. I would never agree to buy a home without an inspection and a chance to...
by hightower
Thu Dec 03, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Kill the Mortgage or no?
Replies: 42
Views: 2652

Re: Kill the Mortgage or no?

I think it doesn't matter what you do with the mortgage at this point. 50k in the grand scheme of things is not a big deal. You're kind of splitting hairs at this point. Are you bored or something;)? Lol, no but really, I don't think there's a wrong answer here
by hightower
Wed Dec 02, 2020 5:25 pm
Forum: Personal Consumer Issues
Topic: Recommendation for a beginner chess book for teens
Replies: 8
Views: 506

Re: Recommendation for a beginner chess book for teens

Sounds like others have recently been watching "The Queen's Gambit" on Netflix? ;) I have started playing Chess on my phone a lot lately. It's a tough game! Most of the time I lose because of pure laziness (not checking for enemy pieces that are a threat, or jumping right in front of dange...
by hightower
Tue Dec 01, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Tesla leaving Extended for S&P500.
Replies: 37
Views: 4142

Re: Tesla leaving Extended for S&P500.

I did read about this in the Wall Street Journal. This is resulting in additional buying as the company is added to the S&P 500 index, thus helping the increase in share price. Crazy how this company has been valued higher than GM! Tesla's market cap is more than five times the value of Ford an...
by hightower
Sat Nov 21, 2020 1:25 pm
Forum: Personal Investments
Topic: What is your percentage of debt to NW?
Replies: 139
Views: 7883

Re: What is your percentage of debt to NW?

Not sure that your question makes much sense because net worth means that you've already subtracted your debts from your assets??? So, to ask what your percentage of debt to NW means you're calculating your net worth, then adding your debt back to your calculation?? Your networth is really the key ...
by hightower
Fri Nov 20, 2020 12:05 pm
Forum: Personal Investments
Topic: What is your percentage of debt to NW?
Replies: 139
Views: 7883

Re: What is your percentage of debt to NW?

Not sure that your question makes much sense because net worth means that you've already subtracted your debts from your assets??? So, to ask what your percentage of debt to NW means you're calculating your net worth, then adding your debt back to your calculation?? Your networth is really the key f...
by hightower
Wed Nov 18, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Happily retired but seriously considering going back to work
Replies: 78
Views: 6665

Re: Happily retired but seriously considering going back to work

In brief, I am 63 and have thoroughly enjoyed being busily retired for several years. My family and I don't have a real need for more money. I have been offered a fulltime job (about 40-50 hours a week) related to my former career that I believe would be interesting and challenging. The employer un...
by hightower
Wed Nov 18, 2020 10:01 am
Forum: Personal Investments
Topic: 401(k) max out? Thinking it may *not* be the right thing anymore...
Replies: 21
Views: 2762

Re: 401(k) max out? Thinking it may *not* be the right thing anymore...

My thoughts are "A bird in the hand is worth two in the bush." I know I get a tax benefit right now with my Traditional 401k. I don't know what my tax rate will be even next year, much less when I retire. I don't know what capital gains/dividend taxes will be in the future and I don't kno...
by hightower
Tue Nov 17, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Student Loans before buying a house? [Help prioritizing finances]
Replies: 29
Views: 1029

Re: Refinance Student Loans before buying a house?

Spouse and I are looking to buy a house within the next two years, with the earliest possible date being in June 2021. We ran up some credit cards while both in Grad school and have made it a priority to pay it all down - the last payment will go out 12/15/2020 at which point the only credit card &...
by hightower
Tue Nov 17, 2020 3:01 pm
Forum: Non-US Investing
Topic: I took a 10yr loan to buy TSLA shares
Replies: 232
Views: 34162

Re: I took a 10yr loan to buy TSLA shares [Austria]

I have a small stake in Tesla as well, but I won't be buying anymore. It's less than 10% of my entire portfolio and I'm mostly invested in broad market index funds outside this. BUT, I paid for it with cash from my job. I would never go into debt just to place a bet on a single company. That's incre...
by hightower
Tue Nov 17, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Essential kitchen appliances?
Replies: 55
Views: 2973

Re: Essential kitchen appliances?

Hi everyone, I'm a single guy that plans on moving out in the next 2-3 months and I'll be living by myself (maybe, who knows?). I'm learning how to cook and plan on mostly eating at home in order to save on eating expenses and being healthy. Since I'm by myself, I'm not going to be making any feast...