Search found 627 matches

by Monsterflockster
Sun Apr 11, 2021 11:34 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 28
Views: 1843

Re: How much should I overpay?

I find it interesting that BH say don’t time the market. Yet when it comes to housing, I see exactly the opposite. My thought is that you buy as soon as you know you need another house. Frankly, none of us know anything. Prices could continue to rise for many years. I hear the TX market is booming ...
by Monsterflockster
Sat Apr 10, 2021 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 21
Views: 2144

Re: Prenuptial arrangements

I'm likely going to be getting married as my partner and I have been discussing possibly getting engaged. A few details, we should have about $900k of combined investments with 2/3 from myself and 1/3 from my partner. Our only combined debt will be $125k on a house mortgage. I'm curious to hear how...
by Monsterflockster
Sat Apr 10, 2021 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 111
Views: 3937

Re: Do budgets work?

This morning, I read a Tweet I found depressing: "In 13 years as a financial advisor, I've never seen anyone actually turn their life around with a budget. They either earn their way out of their spending habits, or they are in debt forever." Do you agree? Never used a budget. Just are ve...
by Monsterflockster
Sat Apr 10, 2021 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Laid off advice
Replies: 31
Views: 2426

Re: Laid off advice

Hey everyone, My father aged 63 recently was laid off from his long time health care job. A shocker in today's world. He's been having medical issues for the last 3 years and was really relying on that health insurance from his employer. Some type of parkinsons disease diagnosis is what the doctors...
by Monsterflockster
Thu Apr 08, 2021 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4231

Re: Tax bill split between spouses

On another note... you know this is controversial and tbh splitting finances like this is crazy to me. So do you make your wife Venmo you half the bill when you swing gas up or go through the drive thru or you order separately? Best of luck to ya. Somewhat related... we have friends that do this as...
by Monsterflockster
Thu Apr 08, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: How much $$ to get kitchen cabinets painted?
Replies: 42
Views: 4046

Re: How much $$ to get kitchen cabinets painted?

Hey all, wondering how much people have paid to get their kitchen cabinets painted... Kitchen is a pretty decent size, counted 37 drawers/cabinets plus an island. Getting quotes from $2,800-$4,000... In MCOL area. Thanks. I don’t mean to be glib, but you could buy enough paint and brushes to do tha...
by Monsterflockster
Thu Apr 08, 2021 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4231

Re: Tax bill split between spouses

OP, File separately. It’s the way you want it. This way you each get practice doing your own taxes. Be sure to make sure if you have kids she gets 50%. For things like mortgage interest I’d say what it what you put in. Split or 1/4. On another note... you know this is controversial and tbh splitting...
by Monsterflockster
Wed Apr 07, 2021 9:50 pm
Forum: Personal Investments
Topic: 0.65% on a 9 month CD, is there anything better for now?
Replies: 9
Views: 1675

Re: 0.65% on a 9 month CD, is there anything better for now?

Do you have a mortgage? If so paying extra is one way to improve that rate.
by Monsterflockster
Tue Apr 06, 2021 11:13 pm
Forum: Personal Investments
Topic: Senior Collge Student Earned $600,000 Needs Guidance
Replies: 20
Views: 3312

Re: Senior Collge Student Earned $600,000 Needs Guidance

My 22-year old college son just earned $600,000 in the last two months for creating videos on Snapchat. He knows he was very lucky. His college is paid for and he doesn't have any student loans. He owns a paid-for car. He plans to open a SEP-IRA. We would appreciate any thoughts or suggestions on t...
by Monsterflockster
Tue Apr 06, 2021 4:22 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3068

Re: Should I replace 2 or 4 tires?

Brand new tire tread depth is 8.5/32. My remaining tread depths are: 1x 3/32 1x 4/32 2x 5/32 Costco has a promo - $150 off 4 tires. Cost of each tire is $230. I plan to replace the 3/32, probably the 4/32 as well. Mathematically, would it make sense to replace the 5/32 tires at the same time? My ve...
by Monsterflockster
Tue Apr 06, 2021 4:18 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22513

Re: Vehicle oil change frequency

I have a six year old Honda fit. I live in Hawaii. I only drive the car about once a week for about 7 miles, mostly freeway. I take my car to my mechanic once a year for an oil change and vehicle inspection. He has a 5 star rating and I do like him very much. However, he did not do the lube and oil...
by Monsterflockster
Tue Apr 06, 2021 4:15 pm
Forum: Personal Consumer Issues
Topic: Wife Beating Me Up over cost of Landscaping Job
Replies: 20
Views: 2526

Re: Wife Beating Me Up over cost of Landscaping Job

Sounds extremely cheap. We we’re quoted 4K just to put in a fenced area for our garbage containers. Most cost goes to labor... for two days of work sounds like you got a deal.

My parents just spent 40k on their backyard, about 1500-2000 square feet.
by Monsterflockster
Mon Apr 05, 2021 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff New Mortgage Aggressively or Invest?
Replies: 37
Views: 3660

Re: Payoff New Mortgage Aggressively or Invest?

OP, you mAke 400k... you should be both investing and pay down your mortgage.
by Monsterflockster
Mon Apr 05, 2021 11:30 am
Forum: Personal Consumer Issues
Topic: Should I reconsider Solar? Did I miss the boat?
Replies: 31
Views: 2217

Re: Should I reconsider Solar? Did I miss the boat?

Personally, I wouldn't do solar unless the break-even point was under 10 years. If it's longer than that, the risks seem too great to me (e.g., the rules regarding net metering are changed in a disadvantageous way, we sell the home and don't get recoup the investment in solar). But that's just me. ...
by Monsterflockster
Mon Apr 05, 2021 11:16 am
Forum: Personal Investments
Topic: Roth IRA for 11 Year Old: Asset Allocation Ideas
Replies: 10
Views: 857

Re: Roth IRA for 11 Year Old: Asset Allocation Ideas

At 11 I was investing in baseball cars, comics & video games. I guess I should have put those silver dollars I got for mowing lawns in the market. 8-) But are you serious about going through the hassle of having your kid pay taxes like social security and Medicare on their allowance just to cont...
by Monsterflockster
Sun Apr 04, 2021 11:05 am
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 57
Views: 6096

Re: Lower bond percentage after you won the game?

KlangFool wrote: Fri Apr 02, 2021 8:29 am OP,

The pain of loss is several times bigger than the joy of gain.

KlangFool
This. +1
by Monsterflockster
Sat Apr 03, 2021 7:20 pm
Forum: Personal Investments
Topic: Maxing out 401k, Roth IRA, emergency fund, and no debt... how should I save for a car and home in the short-term?
Replies: 10
Views: 1197

Re: Maxing out 401k, Roth IRA, emergency fund, and no debt... how should I save for a car and home in the short-term?

My ok my advice is at 24 and no debt is to go buy (cash) a cooler car. Don’t waste your youth. I would give the opposite advice; the sooner one realizes that enjoyment in life is not / should not be tied to physical possessions, the better! Buy a reliable car for transportation need. Honda Civic, y...
by Monsterflockster
Sat Apr 03, 2021 7:12 pm
Forum: Personal Investments
Topic: Maxing out 401k, Roth IRA, emergency fund, and no debt... how should I save for a car and home in the short-term?
Replies: 10
Views: 1197

Re: Maxing out 401k, Roth IRA, emergency fund, and no debt... how should I save for a car and home in the short-term?

Hi folks! Been very fortunate to learn from this forum, and wanted to get your wisdom on how I should think about next financial milestones. Some background: Age: 24 State: CA No debt: paid off undergrad, pay off monthly credit cards Monthly savings: 50% of take-home pay Financial goals: 1. Monthly...
by Monsterflockster
Sat Apr 03, 2021 7:07 pm
Forum: Investing - Theory, News & General
Topic: In what condition, will international significantly overperform US?
Replies: 170
Views: 12383

Re: In what condition, will international significantly overperform US?

investorpeter wrote: Wed Mar 31, 2021 12:32 am When the US is no longer the driving force for technological innovation.
+1
by Monsterflockster
Sat Apr 03, 2021 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Job Dilemma
Replies: 54
Views: 5392

Re: Job Dilemma

I have a few potential job offers and would love to hear which one you'd go for. Background : Early 30s, Married, single income household, no kid (hoping for 1 in the next 5 years), 250K in student loan debt, 450K mortgage (primary + 1 rental), ~2M in assets. Net worth: 1.3M. FIRE #: 2.5M Job Oppor...
by Monsterflockster
Sat Apr 03, 2021 4:30 pm
Forum: Investing - Theory, News & General
Topic: Ibond really a good vehicle against inflation
Replies: 56
Views: 4697

Re: Ibond really a good vehicle against inflation

t24b350 wrote: Sat Apr 03, 2021 12:10 pm I bought 10K ibond April 2017. Checked yesterday. It showed an interest of $720 or 7.2% for the past 4 years. However, this year alone we saw a hike like 5-10%. Is ibond still a good vehicle or I miss something?
Are you saying a 7.2% on a 3 year investment is bad?
by Monsterflockster
Sat Apr 03, 2021 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Children age that would benefit from stay at home parent
Replies: 4
Views: 632

Re: Children age that would benefit from stay at home parent

Children benefit from a parent staying home between the ages of 0-18.
by Monsterflockster
Sat Apr 03, 2021 11:02 am
Forum: Personal Consumer Issues
Topic: Landscape design plans
Replies: 12
Views: 1088

Re: Landscape design plans

Bring your pictures to a good local nursery. I’ve done this twice. Our local nurseries will spend 30 minutes designing something (for free) based on your preferences and pictures. In both cases, the design was really nice. I never could have come up with something so good. After that, you are free ...
by Monsterflockster
Fri Apr 02, 2021 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you pay for $1000 in a Roth IRA?
Replies: 39
Views: 4359

Re: How much would you pay for $1000 in a Roth IRA?

If you could somehow trade some amount of cash for $1000 in a Roth IRA, how much would you be willing to pay to do that? Since longevity would play a big role in the calculation, let's assume you have at least 40 years before you would start to take money out. I am also assuming you have maxed out ...
by Monsterflockster
Fri Apr 02, 2021 5:27 pm
Forum: Investing - Theory, News & General
Topic: 30 Years and 100% VTI
Replies: 111
Views: 12243

Re: 30 Years and 100% VTI

Let's say you're going to be away from your investments for 30 years and will never add another dime or see your portfolio. The point is to take human emotion out of the equation completely, so you're Tom Hanks in Cast Away for 30 years and can't find out what the markets are/economy is doing if yo...
by Monsterflockster
Thu Apr 01, 2021 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Questionable offer for as is house
Replies: 16
Views: 2496

Re: Questionable offer for as is house

Yes.

Their response should be that she will get a realtor and they can contact them.
by Monsterflockster
Wed Mar 31, 2021 12:31 am
Forum: Personal Investments
Topic: How can my father see the light?
Replies: 53
Views: 6179

Re: How can my father see the light?

Enough about me this time... ...70yr old Father has a relatively low total retirement amount at around $250k. Most in his IRA and a bit in taxable. 0.0% debt so he's pretty content living off his SS and an annuity aside from some compulsive large one-off needs. However his remaining small nest egg ...
by Monsterflockster
Tue Mar 30, 2021 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my mortgage or invest?
Replies: 44
Views: 3748

Re: Should I pay off my mortgage or invest?

Hi, I have recently inherited money from my parents. I was planning on investing most of this money in MF and leaving some as cash for now. I have been fervently educating myself to understand investment principles and strategies. I have been reading Rich Dad, and listening to podcast by Dave Ramse...
by Monsterflockster
Mon Mar 29, 2021 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: vacation home in Phoenix area
Replies: 18
Views: 1701

Re: vacation home in Phoenix area

Hello, We live in the PNW. The mortgage our primary residence is basically paid off. We have two stable jobs with a combined income ~$400K. We max out our retirement accounts and roth conversion etc.. We have significant balances in the 529s, and brokerage accounts. We go back and forth on making t...
by Monsterflockster
Sat Mar 27, 2021 6:17 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 v Total Stock - What is your favorite and why?
Replies: 104
Views: 8766

Re: S&P 500 v Total Stock - What is your favorite and why?

VTI trends more S&P500 than the Dow. Doesn’t really matter.
by Monsterflockster
Fri Mar 26, 2021 1:33 am
Forum: Personal Investments
Topic: If I can be in equities when I’m in my 20s and 30s why shouldn’t I hold all equities until the day I die?
Replies: 72
Views: 6547

Re: If I can be in equities when I’m in my 20s and 30s why shouldn’t I hold all equities until the day I die?

I’m relatively new to the bogleheads approach. I’m 30 years old with retirement accounts worth $95,000 all in VTWAX. Additionally, another $14,000 in VTSAX. Isn’t the logic that as this grows you will be able to ride out market down turns in your 60s, 70s, and 80s? Why switch bonds? Someone please ...
by Monsterflockster
Thu Mar 25, 2021 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48064

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

To reach that number on your pension you’re going to need to teach 40+ years. You sure your numbers are right?
by Monsterflockster
Wed Mar 24, 2021 11:20 pm
Forum: Personal Investments
Topic: Transferring entire 500k taxable account to Bitcoin?
Replies: 169
Views: 9566

Re: Transferring entire 500k taxable account to Bitcoin?

Long story short, I’m 28 and been a boglehead since I was 21 (look back at my post history!). I’m a CPA myself, max out my Roth IRA, HSA (starting this year!) 401k every year. And as crazy as it sounds, I’m seriously considering selling all of my $550k in Vangaurd Total Stock Market (taxable accoun...
by Monsterflockster
Wed Mar 24, 2021 12:43 am
Forum: Personal Investments
Topic: Interesting retirement strategy
Replies: 45
Views: 5512

Re: Interesting retirement strategy

TheTimeLord wrote: Mon Mar 22, 2021 11:48 pm
jaw50 wrote: Mon Mar 22, 2021 11:14 pm He does run the risk of missing out on substantial gains over the next 3 years but he didn’t seem to care.
For some people it is more important not to lose money than to make more money.
https://www.kitces.com/blog/managing-po ... -red-zone/
+1
by Monsterflockster
Tue Mar 23, 2021 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48805

Re: Tales from this insane real estate market

Bought a nice little house near the beach in a planned development for 570k two years ago. The exact same house just sold for 915k. :shock:
by Monsterflockster
Mon Mar 22, 2021 12:31 pm
Forum: Personal Consumer Issues
Topic: How much are your monthly total subscriptions?
Replies: 37
Views: 1648

Re: How much are your monthly total subscriptions?

I once paid $5 for one month on the gold pass for Mario kart. Wild I know but it was my birthday so I went a little crazy on myself.

Other than that we have Disney+ but paid the $140 for three years so not really a monthly thing.
by Monsterflockster
Mon Mar 22, 2021 1:29 am
Forum: Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 143
Views: 18679

Re: What is the expected real return of S&P 500 for the next 30 years?

OP,

Expect a negative return. Then anything better is a win right?
by Monsterflockster
Fri Mar 19, 2021 11:10 am
Forum: Personal Consumer Issues
Topic: upgrade iphone 6??
Replies: 62
Views: 3819

Re: upgrade iphone 6??

Impatience wrote: Wed Mar 17, 2021 9:05 pm Just get a new phone. The SE will do fine for many years. Waiting a decade to upgrade is kind of nuts, the technology has come an enormous way in that time, certainly far enough to justify spending some money.
Not nuts when you pay $1000 for a phone. iPhone 6 was 6.5 years ago.
by Monsterflockster
Thu Mar 18, 2021 3:21 pm
Forum: Personal Consumer Issues
Topic: Selling a new construction home - should I plant a yard
Replies: 24
Views: 1302

Re: Selling a new construction home - should I plant a yard

My realtor said no at first, that any landscaping would be throwing money away and to sell it with no yard. However now he doesn't know. I got a quote to prep the dirt ($2500) and plant the seed ($400). That seems like a lot of money for labor involving moving dirt around on a 11000 sq ft yard. We ...
by Monsterflockster
Thu Mar 18, 2021 11:16 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 240
Views: 23001

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

AerialWombat wrote: Wed Mar 17, 2021 8:39 pm Paying the lawyer that handled my bankruptcy.
This is ironic.
by Monsterflockster
Wed Mar 17, 2021 12:58 pm
Forum: Personal Investments
Topic: Student Loan Payoff -- Where to Park $100k Cash Until October 1st?
Replies: 20
Views: 1444

Re: Student Loan Payoff -- Where to Park $100k Cash Until October 1st?

My wife and I graduated with a cumulative $227,000 in student loan debt in 2014. We have that all the way down to $104,000, all of which is my loans from law school (I wish I knew what interest capitalization was back then). For those who are unaware, President Trump and now President Biden have &q...
by Monsterflockster
Wed Mar 17, 2021 1:41 am
Forum: Personal Consumer Issues
Topic: Selling rare/expensive beanie babies
Replies: 56
Views: 5973

Re: Selling rare/expensive beanie babies

A friend of mine claims to have a collection of beanie babies, including a few rare ones that she estimates are worth $30,000. I have no idea whether this valuation is accurate. But, she asked me where the best place to sell them would be. Any ideas from the forums? This is most definitely not my a...
by Monsterflockster
Mon Mar 15, 2021 11:52 pm
Forum: Personal Investments
Topic: Advice for Inheritance Money
Replies: 13
Views: 1573

Re: Advice for Inheritance Money

At their age I’d pay off the house and keep the rest in cash. They’re already maxing out retirement and as you said are conservative investors. This provides a nice pillow for any market bumps.
by Monsterflockster
Mon Mar 15, 2021 3:54 pm
Forum: Personal Consumer Issues
Topic: Tesla for people that keep cars a long time
Replies: 147
Views: 11205

Re: Tesla for people that keep cars a long time

Hopefully this is a little different than a lot of the "Should I buy a Tesla?" topics that focus on features or affordability. I like to keep cars 10-12 years on average. I drive less than 5k miles per year. My question is is a Tesla a bad car to do this with? So far, over the shorter ter...
by Monsterflockster
Sun Mar 14, 2021 9:35 pm
Forum: Personal Investments
Topic: What to do with $42k bonus?
Replies: 36
Views: 4462

Re: What to do with $42k bonus?

Hi! Trying to figure out the best path forward with the bonus I just received. ~$5k was put into 401k, and after taxes I received $21k, $3.5 of which I put into paying off 10% of my student loan balance. I now I have ~18k leftover and am trying to decide what to do with it. Here's my background : A...
by Monsterflockster
Sun Mar 14, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: Time to ditch Tivo?
Replies: 49
Views: 4405

Re: Time to ditch Tivo?

If you like Android TV, or Roku TV - I highly recommend Tablo as the TV recording mechanism: https://www.tablotv.com/products/tablo-quad-ota-dvr/ . Tablo hooks up to a OTA antenna (indoor, or outdoor) and records channels to a standard 3.5" laptop HD. You can buy a lifetime channel guide subsc...
by Monsterflockster
Sat Mar 13, 2021 6:21 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 173
Views: 15714

Re: Cryptocurrency - Bitcoin Continues to Soar!

lusoman wrote: Sat Mar 13, 2021 6:10 pm BTC creates no value. It's pure speculation like Gold. I will don't put a dolar on it.
As least cold is a commodity that is physically sold. Bitcoin is Monopoly money people are putting value on for whatever reason.
by Monsterflockster
Sat Mar 13, 2021 2:26 am
Forum: Personal Finance (Not Investing)
Topic: 0% car loan and invest the cash?
Replies: 35
Views: 2492

Re: 0% car loan and invest the cash?

So in 5 years if the market tanks you cool with the decision? Only gamble with money you can afford to lose.
by Monsterflockster
Sat Mar 13, 2021 2:23 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 68
Views: 7685

Re: If you hit your # would you retire in this market?

I became passionate about investing through FIRE ambitions. I have come to enjoy my job and security that comes from it but I still think about my original plans from time to time. This past year I blew past my old # based off 25x annual expenses but for some reason these gains do not feel secure. ...