Search found 309 matches

by mr_brightside
Mon Apr 19, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Your value of immediate $6k/yr pension/annuity
Replies: 7
Views: 669

Re: Your value of immediate $6k/yr pension/annuity

as has been said -- tough to calculate a precise number i think $175k to $225k is ballpark. another point regarding lump sums is having $$ for charity / heirs. pensions cease when you die (or spouse if elected that way). the lump sum invested could provide for others long after your death. here's a ...
by mr_brightside
Sun Apr 18, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 82
Views: 7504

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

bsteiner wrote: Sun Apr 18, 2021 7:57 am I wouldn't call $20 million great wealth or ultra wealthy.

Index funds should work as well for someone worth $20 million than for someone worth $2 million.
agree

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by mr_brightside
Sat Apr 17, 2021 8:12 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2840

Re: Temp change in remote location - tell employer?

i would likely inform my manager

i could possibly see insurance issues if you became seriously disabled / injured in a 'work' location unknown to your employer

(not an expert in this area)

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by mr_brightside
Sat Apr 17, 2021 7:34 am
Forum: Personal Finance (Not Investing)
Topic: New vs used car in a strong used car market
Replies: 41
Views: 3096

Re: New vs used car in a strong used car market

if you're planning on keeping it long-term like that I have no issues buying new.

another vote for check out Mazdas. they are making a solid product now.

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by mr_brightside
Sat Apr 17, 2021 7:15 am
Forum: Personal Consumer Issues
Topic: Best Tires
Replies: 81
Views: 8738

Re: Best Tires

This reminds me of one of those threads where someone asks if Folgers is okay, and all the coffee nerds come out of the woodwork. so true. I'm on some other boards also -- there is ALWAYS the crew of 'aficianados' who love to get into the details / weeds. could be anything: which __________ is best...
by mr_brightside
Sat Apr 17, 2021 7:10 am
Forum: Personal Consumer Issues
Topic: Best Tires
Replies: 81
Views: 8738

Re: Best Tires

had the Defenders on a Mazda for around 75K miles. they were solid. no personal experience with the others.

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by mr_brightside
Sat Apr 17, 2021 7:04 am
Forum: Personal Consumer Issues
Topic: Cockroach Coming Out of Hole in Sink?
Replies: 32
Views: 3138

Re: Cockroach Coming Out of Hole in Sink?

can you get some of this to try? : https://www.amazon.com/Garden-Safe-Crawling-Containing-Diatomaceous/dp/B004Q0DM82/ref=asc_df_B004Q0DM82/?tag=hyprod-20&linkCode=df0&hvadid=216518324822&hvpos=&hvnetw=g&hvrand=5568629557702670769&hvpone=&hvptwo=&hvqmt=&hvdev=c&...
by mr_brightside
Sat Apr 17, 2021 6:59 am
Forum: Personal Consumer Issues
Topic: Selling old car - CarMax etc.
Replies: 65
Views: 4933

Re: Selling old car - CarMax etc.

good advice listed above i sold a truck recently locally using the 'park it with a sign' method. took it to a nicer high traffic shopping center - near the entry / exit - and parked it conspicuously with a noticeable for sale sign in the window listing a few details. got calls pretty much right away...
by mr_brightside
Fri Apr 16, 2021 6:51 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5380

Re: can I get boglehead approval for a 70K truck?

dude you make $300k. buy the truck and enjoy :sharebeer

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by mr_brightside
Fri Apr 16, 2021 6:45 am
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 3980

Re: Move towards a higher stock allocation after a crash

Do you think this makes any sense? makes total sense. many will immediately jump in with 'timing the market... blah blah blah'. i get it. but its exactly what i did in FEB - MAR of last year and have been rewarded for it. now i don't move large percentages in and out. but from my cash position -- i...
by mr_brightside
Fri Apr 16, 2021 6:18 am
Forum: Personal Consumer Issues
Topic: Car Mechanic Lien
Replies: 5
Views: 1349

Re: Car Mechanic Lien

Mechanic (who I do trust) says don't worry about it, not a big deal/happens all the time. I don't think 'trust' means what you think it means... in my opinion the mechanic put the $500 in his pocket and said to the shop: 'it's all your's...I got mine' which is why the shop is doing what they're doi...
by mr_brightside
Fri Apr 16, 2021 6:10 am
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2246

Re: local dealers offering to buy car for more than you paid?

Dealers will tell you that they really want your car, as a way of getting you in the door and starting to think about a different car. They are hoping by the time they disappoint you with their trade-in offer, you've already started to visualize yourself in something new. I'm not saying it doesn't ...
by mr_brightside
Thu Apr 15, 2021 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

so you're getting 1/5th the insurance for about 5X the cost.

Seems like an easy decision. Agree you may want to add some term coverage (more than $500K)

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by mr_brightside
Sun Apr 11, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Anxiety about the future
Replies: 57
Views: 6474

Re: Anxiety about the future

Congrats on your success! Like others have intimated -- you don't have financial issues as much as you have psychological / personality issues. One thing that comes up here a lot is: stop comparing yourself to 'averages', 'norms', benchmarks etc. That is a surefire way to potentially feel disillusio...
by mr_brightside
Fri Apr 09, 2021 7:42 am
Forum: Personal Consumer Issues
Topic: New or Used: car purchase
Replies: 17
Views: 1278

Re: New or Used: car purchase

consider checking out a Mazda CX5 AWD

not a true 'off road' vehicle but would be capable in snow / ice / gravel / rutted tracks etc

can get a new one pretty close to that price

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by mr_brightside
Thu Apr 08, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5886

Re: Maximize Income

1. Earn the most money at the youngest age. Your Social Security payout will reflect that. 2. Put as much money as you can into Roth and tIRAs as you at the earliest opportunity. 3. Wake up one morning and realize that you have hit FU money in retirement funds and can do whatever you want. agree i ...
by mr_brightside
Mon Apr 05, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Term life premium
Replies: 10
Views: 860

Re: Term life premium

that's not out of line -- mine's a little cheaper but I got it 13 years ago... so rates may be higher now

lots of factors at play anyway. definitely not unreasonable IMO.

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by mr_brightside
Mon Apr 05, 2021 10:20 am
Forum: Personal Consumer Issues
Topic: binoculars advise
Replies: 29
Views: 1717

Re: binoculars advise

this is a frequent topic across many boards I have read over the years

Nikon 8x42 is a safe bet

i agree with the poster above : 10x will be noticeably 'shaky' and not desirable

went Nikon years ago and have been satisfied w/ price / performance

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by mr_brightside
Mon Apr 05, 2021 8:23 am
Forum: Investing - Theory, News & General
Topic: The Atlantic: The Autopilot Economy -- Economists ... are Worried That Index Funds are Hurting Markets
Replies: 28
Views: 3443

Re: The Atlantic: The Autopilot Economy -- Economists ... are Worried That Index Funds are Hurting Markets

i have often pondered the 'system-wide' repercussions of the trading market heavily shifting to indexing. its an interesting topic to consider -- as the emphasis on indexing is 'relatively' new. it is truly massive in scale now -- but its wasn't always have a lot in index ETF / funds so I believe in...
by mr_brightside
Fri Apr 02, 2021 7:38 am
Forum: Personal Investments
Topic: Investment choice- surgery center vs stock market
Replies: 26
Views: 2385

Re: Investment choice- surgery center vs stock market

at only 10% of your net worth I would strongly consider doing it as long as there were no major red flags need any more investors ?? :D (have been in a Fortune 50 healthcare Megacorp since '97... healthcare is a solid industry despite all the regs / law changes etc...) ------------------------------...
by mr_brightside
Thu Apr 01, 2021 5:14 pm
Forum: Personal Investments
Topic: Starting with nothing.
Replies: 28
Views: 7740

Re: Starting with nothing.

apologize in advance for the preaching but i will add : Do not fall into the trap of comparing yourself to other people on this board. Lots of $$$ figures get tossed around a lot. Some people here are multi-multi Millionaires. Good for them. But each individual is coming from a different place with ...
by mr_brightside
Thu Apr 01, 2021 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9297

Re: Do you trust the current value of your portfolio?

Had this conversation with my wife the other day. I think we're pretty much there from a $$ standpoint. Have a good cash position to weather any multi-year financial down-turns. But we're still trying to figure out the 'where' exactly and also running down the healthcare options (which being in FL i...
by mr_brightside
Thu Apr 01, 2021 4:59 pm
Forum: Personal Investments
Topic: 401K questions
Replies: 9
Views: 885

Re: 401K questions

Does the plan offer a Roth 401k? If it does I'd go that route. Then if you change employers you could consolidate / roll it over into your personal Roth IRA.

Given those choices I would pick the S&P 500 Index.

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by mr_brightside
Thu Apr 01, 2021 4:50 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6410

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

I have one with about $100K in it.

But I have not maxed it out every year. Some years contributions were $0 (funded a Trad IRA instead). Basis is probably $50-60K (wag).

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by mr_brightside
Wed Mar 31, 2021 11:14 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 636
Views: 163678

Re: My New Car Buying Tips

Secret, best-ever buying tip: Buy low, sell high. Example: DW bought a 2020 Prius Prime. After all tax credits, rebates, incentives, and TTL - net cost: $18,729 Owned it for 15 months and 15k miles - traded it in. Horrible idea, right? Short ownership kills you with depreciation. Received $22k for ...
by mr_brightside
Tue Mar 30, 2021 1:35 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25275

Re: High spenders what do you spend on?

funny clip here from the movie 'Margin Call'

https://www.youtube.com/watch?v=xW1CrQu_H6E

(answer comes at 1:30) :D

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by mr_brightside
Tue Mar 30, 2021 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can I stop working?
Replies: 120
Views: 12277

Re: Can I stop working?

This has to be a joke. Come on. exactly some of these threads are in the 'gray area' and worthy of discussion this is not one of those cases :oops: ----------------------------------- Just because the numbers may seem obvious, the emotions aren't always as clear... yes - I certainly understand that...
by mr_brightside
Tue Mar 30, 2021 1:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 159
Views: 12733

Re: Vanguard Multifactor fund VFMF has had a bad year

I have a small position in VFMF in a Roth IRA. around $10k. It's well outpacing VTI year-to-date.

I honestly kinda bought it as an experiment -- I like the concept anyway. we shall see.

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by mr_brightside
Tue Mar 30, 2021 1:13 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274133

Re: Paid Off Our Mortgage!!

Congratulations -- :sharebeer


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by mr_brightside
Tue Mar 30, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 17329

Re: Spending money and living now VS saving and living better later?

i post the same answer a lot: everything is a bit of a gamble. save til it hurts but die at 40 never having enjoyed anything -- OR -- spend, spend, spend, and get to 65 realize you have NOTHING saved and must work 'forever' the right choice is somewhere between the extremes -- you have to figure out...
by mr_brightside
Tue Mar 30, 2021 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Go into private practice?
Replies: 15
Views: 2504

Re: Go into private practice?

not a physician but my Dad was for 40+ years and I currently work for a healthcare megacorp (20+ years) random thoughts: ABSOLUTELY research the cost and implementation of the EMR process. this is a huge deal you may be underestimating the cost / hassle. Hiring / Firing can make / break you. I have ...
by mr_brightside
Sun Mar 28, 2021 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can I stop working?
Replies: 120
Views: 12277

Re: Can I stop working?

BillWalters wrote: Sat Mar 27, 2021 9:09 am This has to be a joke.

Come on.
exactly

some of these threads are in the 'gray area' and worthy of discussion

this is not one of those cases :oops:

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by mr_brightside
Sat Mar 27, 2021 8:16 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8236

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

STEM for the lower ranked but make sure the GPA is high

(this comment is worth what you paid for it...)

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by mr_brightside
Sat Mar 27, 2021 4:12 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's Fine Target-Date Retirement Series"
Replies: 27
Views: 3693

Re: "Vanguard's Fine Target-Date Retirement Series"

I have a Vanguard TD Fund as a cornerstone of my retirement portfolio. Very fond of the diversification and low expense.

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by mr_brightside
Thu Mar 25, 2021 3:57 pm
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: 6576

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?

the first time you look at that statement and it reads $50,000 instead of $95,000 you'll know the answer drops like that can happen and will happen risk management is a wise endeavor at a certain phase of the game. kinda like running out the clock in a football game when you're up by three touchdown...
by mr_brightside
Thu Mar 25, 2021 10:51 am
Forum: Investing - Theory, News & General
Topic: CNBC ...why investors should never try to time the stock market
Replies: 22
Views: 3556

Re: CNBC ...why investors should never try to time the stock market

the chart does not really support the assertion

timing the market DOES work. massively. (missing the worst down days)

it's just that it's almost impossible to do it.

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by mr_brightside
Thu Mar 25, 2021 6:50 am
Forum: Personal Consumer Issues
Topic: Shower pan leak—advice please
Replies: 24
Views: 2041

Re: Shower pan leak—advice please

I just spent $3000 too tear out an entire shower pan and wall tile system down to the studs because of a faulty install when the home was built 12 years ago. Suggest not waiting and do whatever it takes to fix things properly. j🌺 similar issues back in 2016 not fun ---------------------------------...
by mr_brightside
Tue Mar 23, 2021 7:51 am
Forum: Personal Consumer Issues
Topic: Overthinking my Lawnmower Purchase (Push vs. Riding)
Replies: 56
Views: 2931

Re: Overthinking my Lawnmower Purchase (Push vs. Riding)

i see a lot more overweight people on riding mowers than i do behind push mowers

get a push mower and consider it exercise! :happy

when you're done ... go into the garage and do 100X body weight squats (you're already sweaty)
by mr_brightside
Mon Mar 22, 2021 5:34 pm
Forum: Personal Consumer Issues
Topic: Dealing with an extremely weird seller
Replies: 34
Views: 3867

Re: Dealing with an extremely weird seller

Along the lines of the above post... Ordinarily I would not recommend sharing "how very much" you want this, or why "this is the only item" and you can't get something else elsewhere. That would make a regular seller's day. this IMO. he has a deep need that you cherish / appreci...
by mr_brightside
Mon Mar 22, 2021 5:29 pm
Forum: Investing - Theory, News & General
Topic: How to best learn about financial concepts?
Replies: 21
Views: 2018

Re: How to best learn about financial concepts?

reading the WSJ daily is helpful also
by mr_brightside
Sun Mar 21, 2021 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10294

Re: How to Deal with Worry of job loss and providing for family?

have worked for Megacorps for ~25 years. sole earner. many dependents. laid off twice in that time. keep a large cash position (over $100K). resume up to date at all times. always be networking. maximize savings and keep expenses in check. we've made it work nicely but i have never indulged in extra...
by mr_brightside
Sun Mar 21, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: How to make strong coffee equivalent to Starbucks for cheaper?
Replies: 134
Views: 10553

Re: How to make strong coffee equivalent to Starbucks for cheaper?

love this thread. i'll also be that guy. have tried many of the suggestions in this thread over the years. always go back to Folgers ground. price. convenience. tastes decent. widely available. and the kicker -- out of a $19 Mr. Coffee drip machine. Doesn't even have a timer on it. I ain't fancy. :D...
by mr_brightside
Fri Mar 19, 2021 4:08 pm
Forum: Personal Consumer Issues
Topic: New grill: gas vs. pellet
Replies: 50
Views: 4026

Re: New grill: gas vs. pellet

imo you cant beat the convenience / efficiency of a good gas grill

i realize it may not be the apex of culinary meat prep -- but i love being able to get the meats done and on the table in a short time frame

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by mr_brightside
Fri Mar 19, 2021 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Calculator for 7yr personal loan where the first 2 years are interest only?
Replies: 4
Views: 328

Re: Calculator for 7yr personal loan where the first 2 years are interest only?

try this:

https://www.dinkytown.net/java/interest ... lator.html

it's labeled a mortgage calculator but you should be able to adjust the inputs to achieve the desired info

click on 'view report' to see the amortization


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by mr_brightside
Fri Mar 19, 2021 6:10 am
Forum: Personal Consumer Issues
Topic: Las Vegas or Tampa for retirement relocation?
Replies: 69
Views: 6046

Re: Las Vegas or Tampa for retirement relocation?

you're not going to find a 'nice house' in Tampa for $300 -$400K. In the outerlying areas, maybe. But not in Tampa itself. The nicest area of Tampa is known as South Tampa and nice houses are $700K and up. check zip code 33629 for starters. anything $500k and under gets an offer on it in 5 minutes. ...
by mr_brightside
Thu Mar 18, 2021 5:57 pm
Forum: Personal Consumer Issues
Topic: Live on a lake in Florida?
Replies: 40
Views: 5404

Re: Live on a lake in Florida?

Sunrise wrote: Wed Mar 17, 2021 7:13 am Potential alligators in lake, could be an issue if you have pets or small children.
yes

alligators in Florida is a thing

in your pool. back deck. car port. retention pond. on the golf course. etc etc

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by mr_brightside
Thu Mar 18, 2021 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Getting ready to fire my bank...
Replies: 31
Views: 4506

Re: Getting ready to fire my bank...

once in a financial blue moon you may need a 'Medallion Signature Guarantee'

they can be a hassle to obtain. might be worth looking into.

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by mr_brightside
Thu Mar 18, 2021 10:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 141
Views: 13282

Re: Vanguard "sunsetting" CFP consultations

...Now that's a ringing endorsement! Adequate! :beer ...Vanguard....great funds....mediocre brokerage... It's been that way for as long as I've had an account at Vanguard (1998 or so), i.e. including the days when Vanguard Brokerage Services was what might be called a private-labelled service provi...
by mr_brightside
Tue Mar 16, 2021 8:48 am
Forum: Personal Investments
Topic: $330K Inherited IRA - Where to invest?
Replies: 15
Views: 1295

Re: $330K Inherited IRA - Where to invest?

another vote for considering an appropriate Target Date Fund.

low cost / diversified / auto-balanced / simplicity

that's a generous inheritance that can serve as a foundation for your future retirement

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by mr_brightside
Tue Mar 16, 2021 8:36 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 137
Views: 11630

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

not a refund but a payment for taxes owed.

i e-filed and they electronically debited within 24 hours. i was pretty surprised by how quick it was.

uncle sugar wanted his gold.

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