Search found 2508 matches

by Normchad
Mon Jun 21, 2021 10:12 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2495
Views: 298708

Re: Post your Financial Milestone Announcements Here

Just hit $3,000,000 NW, I found an old post that brought me to BH and I was at $1.7M, decided I should start tracking and updated my numbers for June, 2021 and lo and behold it was at $3M. It’s weird I guess because most of its tied up in 401ks that I can’t get to for years but I don’t feel like a ...
by Normchad
Mon Jun 21, 2021 9:39 pm
Forum: Personal Investments
Topic: When is 0% bonds appropriate?
Replies: 32
Views: 1644

Re: When is 0% bonds appropriate?

In my opinion, X=10.
by Normchad
Mon Jun 21, 2021 7:17 pm
Forum: Personal Consumer Issues
Topic: Florida State University
Replies: 77
Views: 5534

Re: Florida State University

op, sounds like a good kid who could use a change of scenery. I’m sure he will do fine. 3. Prominent alumni like Bobby Bowden, Charlie Crist, Jimbo Fisher and numerous NFL football players. I had to make a mental note to Google the prominent alumni names tomorrow, because I honestly have never hear...
by Normchad
Mon Jun 21, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much property tax is too much?
Replies: 22
Views: 1402

Re: How much property tax is too much?

Taxes are just another expense. Put it in your budget. Also note worthy, is that the way property tax can rise over time varies a lot based on location. So it can be one big expense that you have little control over. I’m considering buying a house in Texas. The property tax rates there are much high...
by Normchad
Mon Jun 21, 2021 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Depend on Social Security?
Replies: 50
Views: 2742

Re: Depend on Social Security?

My entire career, I’ve assumed it wouldn’t be there for me. But 30 years later, it is still going.

I’m still not counting on it. But I am aware of what I’m supposed to get, and I do think there is a good chance I’ll get most of that.
by Normchad
Mon Jun 21, 2021 7:02 pm
Forum: Investing - Theory, News & General
Topic: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund
Replies: 149
Views: 13549

Re: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund

Related to this topic-- What percentage of people start investing in index funds during first year of employment and then retire early? That should really be it’s own thread. Personally, I started investing in index funds in 1992, and I am FI now at the age of 52. I’m considering retirement in the ...
by Normchad
Mon Jun 21, 2021 5:18 pm
Forum: Investing - Theory, News & General
Topic: What pitfalls do even smart people make when buying a home?
Replies: 105
Views: 8404

Re: What pitfalls do even smart people make when buying a home?

Failing to take into account the fact that owning a home which provides plenty of space typically requires concomitant stuff. Not I, but many of our friends and acquaintances have houses that have been decorated to the nines. And now that they are in the empty-nest, pre-retirement stage of their li...
by Normchad
Mon Jun 21, 2021 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Master bath remodel - tub or no tub?
Replies: 31
Views: 2099

Re: Master bath remodel - tub or no tub?

I kept the tub. Still never use it. It would be a better bathroom without the tub……

It’s one of the those dumb things you need around here to “check the boxes”, even though nobody actually wants one. Right up there with a dining room…..
by Normchad
Sun Jun 20, 2021 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Vaccine mandate for continued employment
Replies: 70
Views: 2945

Re: Vaccine mandate for continued employment

Most states in the U.S. have "At Will Employment", including New York. The employer (and you) have the ability to choose to end your employment with them at any time with out cause. You can "challenge" lots of things in court, but if your objective is to keep your job, probably ...
by Normchad
Sun Jun 20, 2021 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Vaccine mandate for continued employment
Replies: 70
Views: 2945

Re: Vaccine mandate for continued employment

RetiredAL wrote: Sun Jun 20, 2021 10:08 pm DW and I pushed to be at the front of the line to get our shots.
Personally, I would welcome such a rule at my employer.
by Normchad
Sun Jun 20, 2021 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vaccine mandate for continued employment
Replies: 70
Views: 2945

Re: Vaccine mandate for continued employment

Anything can. be challenged. I don't know the laws of the state of New York. I'd say, if your employer is putting rules in place that are just orthogonal to your own sensibilities; just go get a new job. That's not the right place for you. When my employer requires me to wear pants to work, I don't ...
by Normchad
Sun Jun 20, 2021 9:52 pm
Forum: Investing - Theory, News & General
Topic: Critical view of index investing
Replies: 101
Views: 10477

Re: Critical view of index investing

I’m very skeptical of anyone saying that index investing is the holy grail of investing that beats 99% of active managed investing. I never heard of any billionaire who made their fortune from index investing. I don’t think rich people are all stupid to pay those fees to hedge funds/investment bank...
by Normchad
Sun Jun 20, 2021 8:44 pm
Forum: Personal Consumer Issues
Topic: Florida State University
Replies: 77
Views: 5534

Re: Florida State University

op, sounds like a good kid who could use a change of scenery. I’m sure he will do fine. 3. Prominent alumni like Bobby Bowden, Charlie Crist, Jimbo Fisher and numerous NFL football players. I had to make a mental note to Google the prominent alumni names tomorrow, because I honestly have never hear...
by Normchad
Sun Jun 20, 2021 12:53 pm
Forum: Investing - Theory, News & General
Topic: What pitfalls do even smart people make when buying a home?
Replies: 105
Views: 8404

Re: What pitfalls do even smart people make when buying a home?

Nate79 wrote: Sun Jun 20, 2021 12:49 pm That just because you live in a VHCOL area that you get a pass on math and budgets leading to overspending on a house.
We have a winner!
by Normchad
Sun Jun 20, 2021 10:31 am
Forum: Investing - Theory, News & General
Topic: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund
Replies: 149
Views: 13549

Re: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund

it isn't that simple.. you could do everything right and still have bad luck with lost decades, high inflation etc like in 1966. In the long run it really is about which cycle you were dealt and that is pure luck.. 1966 or 1982. Obviously, nothing is guaranteed. But I graduated into a crap economy ...
by Normchad
Sat Jun 19, 2021 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Wanted: Dream Home Dilemma
Replies: 14
Views: 2256

Re: Advice Wanted: Dream Home Dilemma

My rule of thumb is the mortgage has to be less than 3x your income. Many tell me that rule is just too conservative. By that rule of thumb, you are good to go. So,if you want it, you should do it. (Or at least don’t be wracked by guilt over spending that much $$$ when you have that level of income).
by Normchad
Sat Jun 19, 2021 10:25 pm
Forum: Investing - Theory, News & General
Topic: What pitfalls do even smart people make when buying a home?
Replies: 105
Views: 8404

Re: What pitfalls do even smart people make when buying a home?

A lot of people fall in love with “the one house” they must have…….
by Normchad
Sat Jun 19, 2021 4:44 pm
Forum: Personal Consumer Issues
Topic: Do I really need a new A/C unit??
Replies: 32
Views: 2185

Re: Do I really need a new A/C unit??

When you call an AC repair man, they usually send a salesman, who knows a little about AC. No matter what your problem is, the answer they always give is “you need a new unit “, or “we could fix it for $4K, no telling how long it will last. A new unit is $6K”. Then again, your unit is pretty old….. ...
by Normchad
Sat Jun 19, 2021 11:53 am
Forum: Investing - Theory, News & General
Topic: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund
Replies: 149
Views: 13549

Re: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund

Yes, it’s that simple. And you have to do it for a long time. A lot of folks want to make it more complicated, or throw caveats at it. Ignore the noise. I’ve been doing it for 29 years, and it’s worked astoundingly well. For reference, I saved only $2k in my 401k in my first year out of college. I h...
by Normchad
Sat Jun 19, 2021 7:43 am
Forum: Personal Consumer Issues
Topic: Charlotte Area vs Dallas Area (C vs D)
Replies: 60
Views: 4526

Re: Charlotte Area vs Dallas Area (C vs D)

leeks wrote: Sat Jun 19, 2021 7:23 am I would choose whichever is closer to you and your spouse's parents and siblings.
That’s a great point!
by Normchad
Sat Jun 19, 2021 7:41 am
Forum: Personal Investments
Topic: Do you have a "survival" retirement number?
Replies: 72
Views: 7192

Re: Do you have a "survival" retirement number?

I have not figured it out concretely, but I do sort of think of these things. I wouldn’t plan to retire to a substandard life. But I do want to know “hey, if I got fired today and never worked again, would I be okay?” For me, that is why it’s a useful exercise. When I was younger though. I thought o...
by Normchad
Sat Jun 19, 2021 7:31 am
Forum: Personal Finance (Not Investing)
Topic: How to pay wife's credit card
Replies: 20
Views: 3045

Re: How to pay wife's credit card

Simplify to one joint checking account. Also recommend simplifying to a single credit card. Disagree strongly with this particular advice. Not only does this (cutting down to single card) affect your credit scores negatively, it also exposes the person to the whims of the particular card issuer. If...
by Normchad
Sat Jun 19, 2021 7:19 am
Forum: Personal Consumer Issues
Topic: Charlotte Area vs Dallas Area (C vs D)
Replies: 60
Views: 4526

Re: Charlotte Area vs Dallas Area (C vs D)

I’d vote for Charlotte. It’s a very pretty area. Low property taxes compared to Dallas. Lots of great professional opportunities there as well. I’d retire to Charlotte if that’s where my family was….. On the other hand, if you were forces to go to Dallas, I wouldn’t complain. It’s got a lot going fo...
by Normchad
Fri Jun 18, 2021 10:20 pm
Forum: Investing - Theory, News & General
Topic: "AMC Drama Is Exposing Risks in $11 Trillion World of Indexing"
Replies: 70
Views: 10380

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

...I had a much closer view, and I did not say I was defending them, just that the story is not as cut and dry as portrayed by the media... Enron staged a fake trading room with people playacting to deceive analysts. A fake trading room. "Former chairman Kenneth Lay and ex-president Jeffrey Sk...
by Normchad
Fri Jun 18, 2021 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay wife's credit card
Replies: 20
Views: 3045

Re: How to pay wife's credit card

leeks wrote: Fri Jun 18, 2021 7:40 pm Simplify to one joint checking account.
Also recommend simplifying to a single credit card.
by Normchad
Fri Jun 18, 2021 9:10 pm
Forum: Personal Consumer Issues
Topic: Where to get podcasts without activity being tracked?
Replies: 36
Views: 3344

Re: Where to get podcasts without activity being tracked?

More concerning would be using a Google phone, using gmail or Google. I use iPhone, duck duck go and o365 for email and docs for some amount of privacy. IPhones are great phones. But what makes you think that Apple tracks you significantly less than Google does? If anything, my impression is that A...
by Normchad
Fri Jun 18, 2021 7:21 pm
Forum: Personal Consumer Issues
Topic: Hunter Pro C Sprinkler System only works on manual
Replies: 1
Views: 201

Re: Hunter Pro C Sprinkler System only works on manual

My Hunter Pro C sprinkler system does not work automatically at the designated time but works on manual. All the below is checked OK: Is there a watering Start Time programmed into the controller? Yes Is the Watering Start Time programmed with correct time of day (i.e. AM or PM)? Yes Is the Current...
by Normchad
Fri Jun 18, 2021 7:19 pm
Forum: Personal Consumer Issues
Topic: Best, Longest-Lasting Composition Roof
Replies: 9
Views: 935

Re: Best, Longest-Lasting Composition Roof

I just had a lovely roof installed (Prescott AZ - High Desert) - GAF - Timber ridge or line HD - Gold Pledge Warranty. I'm extremely happy with it. Coincidentally, I have that same roof. It works, no complaints from me. But honestly, I have no way of knowing if it’s better or longer lasting than an...
by Normchad
Fri Jun 18, 2021 7:15 pm
Forum: Investing - Theory, News & General
Topic: What [investing] fun things have you done with your 80% stock market gains in the past year?
Replies: 46
Views: 3664

Re: What [investing] fun things have you done with your 80% stock market gains in the past year?

I bought 2 new cans of spray paint for the rust spots on my 1997 Camry.

Also bought a fresh bottle of ketchup, rather than cribbing all the packets from McDonalds.
by Normchad
Fri Jun 18, 2021 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I take a lower paying job? are we on track for FI?
Replies: 11
Views: 1112

Re: Can I take a lower paying job? are we on track for FI?

If your assumptions above are correct, you can take a lower paying job now and should be fine. I think the biggest risk is, you might not want to work another 15-20 years, or you might be unable to. But if you can, you should be golden. And it will likely be the case that you can stop working entire...
by Normchad
Fri Jun 18, 2021 5:23 pm
Forum: Personal Consumer Issues
Topic: Where to get podcasts without activity being tracked?
Replies: 36
Views: 3344

Re: Where to get podcasts without activity being tracked?

More concerning would be using a Google phone, using gmail or Google. I use iPhone, duck duck go and o365 for email and docs for some amount of privacy. IPhones are great phones. But what makes you think that Apple tracks you significantly less than Google does? If anything, my impression is that A...
by Normchad
Fri Jun 18, 2021 12:21 pm
Forum: Personal Consumer Issues
Topic: Florida State University
Replies: 77
Views: 5534

Re: Florida State University

Interesting. I’ve always heard Madison was a fantastic place to live. But, not every school is a great fit for every student. Sounds like he is academically strong, so he be successful at FSU. My intuition is that UW is a more academically rigorous place. My FIL got his PhD at FSU and loved. If you ...
by Normchad
Thu Jun 17, 2021 9:01 pm
Forum: Personal Consumer Issues
Topic: Mattress Shopping - What a joke
Replies: 25
Views: 2919

Re: Mattress Shopping - What a joke

You’re 100% right. I haven’t figured it out. There is a website that might help. I think it’s called “sleeplike the dead”. They seem to have a lot of unbiased info about tons and tons of beds….. I find it infuriating…..my only tip now is to always buy a bed with a no questions asked money back guara...
by Normchad
Thu Jun 17, 2021 7:51 pm
Forum: Investing - Theory, News & General
Topic: What Is Your Longest-Held Investment?
Replies: 97
Views: 5577

Re: What Is Your Longest-Held Investment?

I’ve still got my Wellington shares that I bought in 1992. Not the exact same shares due to 401K rollovers, etc, but I’ve been in VWELX continuously for the last 29 years. I don’t remember when I started buying 500 index funds, but that was in the mid 90s sometime….
by Normchad
Thu Jun 17, 2021 7:48 pm
Forum: Investing - Theory, News & General
Topic: What Constitutes "Long term" Investing?
Replies: 22
Views: 1666

Re: What Constitutes "Long term" Investing?

Rather than engage in an abstract discussion of "What is long term vs. short term," a more practical approach is to ask "When does the investor need the money?" Only then can one reasonably assess the volatility and return characteristic of various investments against one's spec...
by Normchad
Wed Jun 16, 2021 6:24 pm
Forum: Personal Investments
Topic: Hit my "number" (I think)...now what?
Replies: 103
Views: 9577

Re: Hit my "number" (I think)...now what?

Now that you’ve hit your number, the next step is to agonize about what to do about it. I am in similar circumstances and it’s a daily ritual - at least on work days :wink: LOL definitely. I think my company's direction on WFH will play a large part in how 'swayed' I am towards one side or the othe...
by Normchad
Wed Jun 16, 2021 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 86
Views: 7390

Re: Private School - Elementary vs Middle/High (bang for the buck)

Lots of great advice here. Unfortunately, there is no perfect answer. We researched the snot out of this question 20 years ago, and decided to send ours to a great private school, starting in kindergarten. We ended up switching to public schools in first grade. It just wasn’t the right fit for our k...
by Normchad
Wed Jun 16, 2021 6:05 pm
Forum: Personal Investments
Topic: Hit my "number" (I think)...now what?
Replies: 103
Views: 9577

Re: Hit my "number" (I think)...now what?

Your age and numbers are super close to mine. I’ve been looking at this hard for the last 8 months, to see if I could pull the plug. My conclusion, I am 100% comfortable from a financial standpoint point quitting today. So I also think you are good to go. Every way I look at it, I’m comfortable with...
by Normchad
Tue Jun 15, 2021 10:01 pm
Forum: Personal Investments
Topic: Teenager new to the job market
Replies: 12
Views: 1269

Re: Teenager new to the job market

I disagree with a lot of people here about the issue of kids investing. Kids make very little money, and what they invest will have a negligible effect on their retirement. But they are working hard, between school and their job. They should have fun with their money while they still can. This isn'...
by Normchad
Tue Jun 15, 2021 7:08 pm
Forum: Personal Consumer Issues
Topic: The Future of Cars in Suburbia?
Replies: 74
Views: 5192

Re: The Future of Cars in Suburbia?

Most of America is built around the car. That can’t change any time soon. And I think driverless cars are a long ways off. So I don’t see much changing anytime soon. Zoning and building codes are a big driver of sprawl. If you build an Applebee’s, you have to make 200 parking spaces for it. Same for...
by Normchad
Tue Jun 15, 2021 6:21 pm
Forum: Investing - Theory, News & General
Topic: What was it like to index during the Lost Decade (1999-2009)?
Replies: 73
Views: 7438

Re: What was it like to index during the Lost Decade (1999-2009)?

As a guy entering his prime earnings years, and savings years, it was an awesome decade for me. Ten years of plowing money in, while prices were flat or declining. That is the dream. Buy low….. The explosion in my account balances now is hugely due to the amount if shares I was able to buy in the lo...
by Normchad
Mon Jun 14, 2021 9:18 pm
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 273
Views: 16758

Re: I'll never regret not having international funds in my portfolio

I continue to hold one of the most unorthodox opinions of all. I don't think it matters much. I think this is true of almost all the hot button topics on the forum. Take SS at 62 or 70? Take your choice. It probably won't matter in the long run for most people. Pay off your mortgage or invest a lum...
by Normchad
Mon Jun 14, 2021 5:51 pm
Forum: Personal Consumer Issues
Topic: Need to replace a toilet
Replies: 12
Views: 1272

Re: Need to replace a toilet

Kenkat wrote: Mon Jun 14, 2021 5:48 pmToto Drake
Love the Drake. I have had the Toto G-Max Drake for about 20 years. I have never had to plunge it. And none of my friends have ever had to plunger theirs either…….

At the time I bought it, one online review said “I swear this thing could flush a dead cat….” That’s good enough for me…..
by Normchad
Mon Jun 14, 2021 5:48 pm
Forum: Personal Consumer Issues
Topic: Value on a flooring remodel
Replies: 11
Views: 996

Re: Value on a flooring remodel

I don't think it will matter. In 10 years it will probably need to be re-done anyway because it will look dated. Care and maintenance would be my priority. Do you have kids or pets? Natural stone will need to be regularly cleaned and sealed. I also am concerned about anything "polished" b...
by Normchad
Mon Jun 14, 2021 11:37 am
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 273
Views: 16758

Re: I'll never regret not having international funds in my portfolio

The thread title is horrible. You present zero evidence to explain or support your thesis that you will not live to regret it. As for me, I’m always conflicted on this. I do hold international. I have a lot of VSMGX. Lately I would have been better off without it...... America is the biggest economy...
by Normchad
Sun Jun 13, 2021 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I look for a new job or call it done?
Replies: 56
Views: 7237

Re: Should I look for a new job or call it done?

Thank you for all the valuable feedback. I have budgeted 25K for health care related cost and 25K for traveling. Are these numbers reasonable? Those numbers are reasonable. I’m using similar numbers. I have pulled the current year prices for the health plan from the exchange that I’d be using, so i...
by Normchad
Sun Jun 13, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: pricing our house?
Replies: 121
Views: 13738

Re: pricing our house?

This is a great thread. Thanks for updating it so frequently. From your original post, it doesn’t sound like you need to be in a big hurry to sell it. So you can be patient. Personally, I am getting a sense though that just in the last month, the market here in NOVA has changed. I can’t put my finge...
by Normchad
Sun Jun 13, 2021 7:48 pm
Forum: Investing - Theory, News & General
Topic: Using Home Equity
Replies: 17
Views: 1606

Re: Using Home Equity

This is just a terrible way to think. I’ve seen many lives destroyed in the past by this….. lose your job, lose your house, lose your spouse. I’ve seen it several times….. A CashoutRefi isn’t free money. It’s just another loan. You have to pay it back. But lots of people view their homes as some mag...
by Normchad
Sun Jun 13, 2021 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I look for a new job or call it done?
Replies: 56
Views: 7237

Re: Should I look for a new job or call it done?

In your situation, I would quit. Your job is providing you any life satisfaction, and you don’t need the money it provides. What else is there? Not sure how you pay for medical from now to 65, but read up on it. If you have significant taxable accounts, and can manage your MAGI, you may qualify for ...
by Normchad
Sun Jun 13, 2021 2:11 pm
Forum: Personal Consumer Issues
Topic: Another thread on "Which car should I buy?"
Replies: 40
Views: 2952

Re: Another thread on "Which car should I buy?"

Have you test driven all these vehicles? That's how I usually narrow it down. No test drives yet. We will be relocating to the USA from abroad in early July, so I am not in a position to test drive. This is pre-arrival intelligence gathering. I really do not want to test drive 5 different makes and...