Search found 2181 matches

by Normchad
Tue Apr 13, 2021 11:46 am
Forum: Investing - Theory, News & General
Topic: how do S&P 500 index investors perform long term compared to all investors
Replies: 4
Views: 444

Re: how do S&P 500 index investors perform long term compared to all investors

This should help. Dalber studies this kind of thing, and finds that the average investor consistently under performs the funds that they invest in. Here is a good article. But basically over the 20 year period, the average investor underperformed the S&P. So, if you had invested in the S&P, ...
by Normchad
Mon Apr 12, 2021 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 30
Views: 1317

Re: How much does your employer sponsered health insurance cost you?

I'm curious to see what is considered normal to be paying. For me its currently $500 per month, for just me no spouse or children from my local mid sized employer. Its a great plan that has zero deductible, great coverage, and sponsered my IVF a couple of years ago :) However the rates consistently...
by Normchad
Mon Apr 12, 2021 9:11 pm
Forum: Investing - Theory, News & General
Topic: Is this the single worst time to be a passive investor
Replies: 70
Views: 8243

Re: Is this the single worst time to be a passive investor

Didn't everybody make a lot of money in 2020 by being an index investor? Or was that just me? 20% is pretty good for a year of doing nothing....


indexing just means you own a bit of a lot of things. Nothing wrong with that. If the American stock market keeps doing well, I'll keep doing well.
by Normchad
Mon Apr 12, 2021 8:51 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 40
Views: 3569

Re: Emergency (oh my God fund)

I used to have such a fund when I was younger. It was cash set aside just for emergencies. (Car needs a new transmission) kind of thing. I'm older and more established now. I no longer have a dedicated fund. I do have a lot more cash sitting around though. So I could use that, or I could tap the Rot...
by Normchad
Mon Apr 12, 2021 8:40 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 25
Views: 1211

Re: DIY recessed lighting installation?

You shouldn't do this if you don't know what you are doing. Legally, you are required to get a permit for this. Although many people don't get one. yes, they can be a fire hazard. Depending on the bulb you use, they create a lot of heat, and can catch insulation or other material on fire. they can a...
by Normchad
Mon Apr 12, 2021 8:34 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 595
Views: 55199

Re: What’s your age, AA and #?

52, 60/35/5, at the goal.
by Normchad
Mon Apr 12, 2021 5:57 pm
Forum: Personal Consumer Issues
Topic: shiplap for bathroom accent wall (what type of board?)
Replies: 7
Views: 649

Re: shiplap for bathroom accent wall (what type of board?)

If you want a rustic or authentic vibe, consider using some old shipping pallets. That wood usually has a lot of “character” to it.

I wouldn’t worry about wood in the bathroom. My vanity, trim, bead board is all wood, and it dies just fine.
by Normchad
Mon Apr 12, 2021 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 161
Views: 7223

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? This mentality annoys me, when people talk as if there's 10 colleges in the country where you can get a good edu...
by Normchad
Mon Apr 12, 2021 4:46 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 206
Views: 10609

Re: Another 2.8% SWR Article Quoting Wade Pfau

In the past, the 30 year SWR in *most years* was significantly higher than 4%. 4% is the worst. At most times in history, 5, 6, or 7 would have been just fine. So 4 isn’t the number for “just skating by” in the past, it was the very worst. It is possible that the next 30 years will be even worse tha...
by Normchad
Mon Apr 12, 2021 4:34 pm
Forum: Personal Consumer Issues
Topic: Routine Plumbing Pipe Maintenance?
Replies: 16
Views: 1222

Re: Routine Plumbing Pipe Maintenance?

Is it a “shower drain gasket”? I’ve never seen one personally..... but maybe that is what you encountered. All the drains I have ever worked on, there was no “rubbery” material. And buildups of soap, shampoo, hair feel slimy, not rubbery. I don’t usually worry about keeping my pipes clean until/unle...
by Normchad
Sun Apr 11, 2021 7:37 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3344

Re: Would you preemptively replace your Roof

Any recommendations on how to deal with the attic mess of a roof tear-off? Lots of nails and little chunks of shingle and wood? What if you have blown-in insulation and a furnace/AC unit or whole-house fan up there? Best venting strategy? This can go quite deep, all at a cost. Is there a really goo...
by Normchad
Sun Apr 11, 2021 7:07 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3344

Re: Would you preemptively replace your Roof

Any recommendations on how to deal with the attic mess of a roof tear-off? Lots of nails and little chunks of shingle and wood? What if you have blown-in insulation and a furnace/AC unit or whole-house fan up there? Best venting strategy? This can go quite deep, all at a cost. Is there a really goo...
by Normchad
Sun Apr 11, 2021 6:11 pm
Forum: Personal Consumer Issues
Topic: Marantec: Are Rolling Code Garage Door Openers Really Necessary?
Replies: 9
Views: 879

Re: Marantec: Are Rolling Code Garage Door Openers Really Necessary?

My garage door makes the noise it makes even when the robotic door opener is not used. That is, almost ALL of the noise happens even when manually opening and closing the garage door. It never occurred to me to get a quieter robotic opener as I wouldn't even notice whether it was making any noise o...
by Normchad
Sun Apr 11, 2021 11:50 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 161
Views: 7223

Re: The primary factor for picking a College/University is out of pocket cost

It’s kind of a shame that for most people, the primary factor isn’t the quality of the education. Costs matter, certainly. But I rarely hear anybody talk about the purpose of going to school is to get an education. For our family, we saved enough for a full 4 year education for the kid. We told her ...
by Normchad
Sun Apr 11, 2021 11:30 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3344

Re: Would you preemptively replace your Roof

Worst case, you’ll just end up replacing it at your own expense when it reaches its natural end of life. Jumping in here because I have this same question as OP. What is your definition of "natural end of life"? How is that determined? If you mean at the end of "20 years" or wha...
by Normchad
Sun Apr 11, 2021 10:54 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3344

Re: Would you preemptively replace your Roof

I would not preemptively replace a roof. They are just too expensive.

I just cross my fingers and pray for a major hail storm.

Worst case, you’ll just end up replacing it at your own expense when it reaches its natural end of life.
by Normchad
Sun Apr 11, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 10972

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

My starting retirement expenses will be about 20% of my current gross salary. I’m certain I will be paying less tax, and ata lower rate in retirement, then I am while working. I 100% do not care what happens after I’m dead. I’ll do what’s best for me, and if my heirs have some headaches, or have to ...
by Normchad
Sat Apr 10, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Comfortable Men's Flip Flops?
Replies: 51
Views: 3335

Re: Comfortable Men's Flip Flops?

I have some from Reef that I bought at a shoe store. I Have got size 13 feet. I have had them for probably 5-6 years now. Prior to that I had something from Adidas that I think I bought from a sporting goods store.

I just checked. Amazon sells Reef flip flops..... they look to be highly rated.....
by Normchad
Sat Apr 10, 2021 7:03 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 8946

Re: “Buy and Hold No More” says A16Z

Man it’s easy to feel like a genius when all you know is an 11 year rising market. I’m a tad worried for all the people “investing” these days, who have absolutely no idea what they’re doing. Articles like this, and WSB on Reddit are drawing them in and really encouraging them. Be real, they are gam...
by Normchad
Sat Apr 10, 2021 5:09 pm
Forum: Personal Investments
Topic: Ready to push the easy button on investements: Portfolio review
Replies: 15
Views: 3061

Re: Ready to push the easy button on investements: Portfolio review

Just a follow up (five years later (!) to say the advice given on this board genuinely helped me and my family at a very difficult time when I lost my husband. I'm glad I was in the right place to receive the information and act upon it. In addition to technical advice, there was genuine wisdom sha...
by Normchad
Sat Apr 10, 2021 10:48 am
Forum: Personal Consumer Issues
Topic: Deck Replacement Options
Replies: 43
Views: 2747

Re: Deck Replacement Options

Thanks for all the responses and helpful tips, especially Sandtrap. Lots and lots of great information! My wife and I are going to one of the larger lumber supply stores (with a large showroom) in our area this afternoon for some ideas and to get a better idea on material pricing. I want to arm mys...
by Normchad
Sat Apr 10, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: 529-scholarship-distribution-tax-change owner?
Replies: 4
Views: 279

Re: 529-scholarship-distribution-tax-change owner?

You can have the 529 plan send the distribution directly to the student. Then it will show up on their form 1099-Q. Thanks! Can they then file their own taxes for the taxable amount? I assume this will be "unearned" which limits to $2.2K at lower bracket. That is exactly what we did. Sinc...
by Normchad
Sat Apr 10, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: 529-scholarship-distribution-tax-change owner?
Replies: 4
Views: 279

Re: 529-scholarship-distribution-tax-change owner?

You can have the 529 plan send the distribution directly to the student. Then it will show up on their form 1099-Q.
by Normchad
Sat Apr 10, 2021 8:13 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270695

Re: Post your Financial Milestone Announcements Here

I feel incredibly fortunate to reflect on how much progress I've made in less than 4 years. For me there was a powerful combination of adopting Boglehead philosophies, experiencing a sharp rise in income, and the market doing well. I'm only 34 so a lot more saving and investing left to reach FI, bu...
by Normchad
Fri Apr 09, 2021 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10498

Re: In-Laws' HOA demanding $8000 lumpsum payment

In addition to the title claim, (1) politely ask the HOA NOW for any correspondence showing whether/when the Seller knew about the $8000 assessment. (2) try to print out a copy of the sales listing saying "SETTLED." Just try to gather any documents relating to the assessment - don't wait ...
by Normchad
Fri Apr 09, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 416
Views: 50244

Re: Tales from this insane real estate market

rage_phish wrote: Fri Apr 09, 2021 8:12 pm Bought out house for $580k 6 years ago

Listed it last week for $800k

After 5 days we had 14 offers and accepted one for $935k

Very happy with the outcome :)
That’s amazing. Congratulations!
by Normchad
Fri Apr 09, 2021 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10498

Re: In-Laws' HOA demanding $8000 lumpsum payment

This is certain to end up with the real estate attorney. Might as find one now. They should be able to tell you quickly if something was t disclosed that should have been. I doubt the real estate agents will even return your calls once they know what’s on your mind.... they certainly won’t pony up a...
by Normchad
Fri Apr 09, 2021 9:07 pm
Forum: Personal Investments
Topic: Mixing Bogle and Ramsey to build my portfolio
Replies: 90
Views: 7721

Re: Mixing Bogle and Ramsey to build my portfolio

I listen to the Ramsey podcast quite a bit for entertainment purposes mostly..... Ramsey for getting and staying out of debt Bogle for investing For the most part you can't go wrong with that combo, although Ramsey's advice to pay off all debt before investing in 401k even with a match is terrible ...
by Normchad
Fri Apr 09, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 55
Views: 4699

Re: HSA advice Jane Quinn How to Make Your Money Last

OP, I’m doing the same as you. So I’m looking forward to seeing the responses.

My plan has been to use it in my early retirement years, as medical bills come due.
by Normchad
Thu Apr 08, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 76
Views: 4664

Re: Taking a paycut for a more stable state job (CA)?

The Tech Sector in California has pulled most capable individuals into the private sector where hard work, innovation, and efficiency are rewarded, and this has been going on for years now. What this means is that those less capable in Tech have gone to the public sector, and this too has gone on f...
by Normchad
Thu Apr 08, 2021 8:05 pm
Forum: Personal Consumer Issues
Topic: How frequently should I water shrubs that were planted in late fall
Replies: 14
Views: 720

Re: How frequently should I water shrubs that were planted in late fall

Great advice above. Both of those plants are pretty tolerant in those soil conditions. If in doubt, checking a hand shovel of soil is a great way to check. Where I live, we have all clay and rock soil, so most roots of most plants are within 6” of the surface. So no need to water real deep if there ...
by Normchad
Thu Apr 08, 2021 7:54 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270695

Re: Post your Financial Milestone Announcements Here

Hadn’t run net worth numbers in awhile. Crunched today and was comfortably above 4 million. Hadn’t broken 4 before to my knowledge. It’s not enough for my current lifestyle with no income (includes 900k home equity) but it is causing me to wonder at what point will I have enough that the extra work...
by Normchad
Thu Apr 08, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: Deck Replacement Options
Replies: 43
Views: 2747

Re: Deck Replacement Options

15 years is not crazy old for a deck. Since there was a permit for it, it was probably built correctly at that time. Where I live, anything with a permit gets inspected. So it’s possible the folks you talking to are exaggerating the problems you have. $40k is stupidly ridiculous. Depending on your i...
by Normchad
Thu Apr 08, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: My House
Replies: 7
Views: 750

Re: My House

Or, you might change your mind, for any number of reasons. If it were me, and one on my kids moved in to help take care of me in my old age, I might decide to leave the entire thing to them. Who knows, you might end up getting married, or the tax laws could change, or the value could plummet, etc et...
by Normchad
Thu Apr 08, 2021 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Leak under house, damage to floors, and insurance questions
Replies: 13
Views: 886

Re: Leak under house, damage to floors, and insurance questions

Is this something that homeowners insurance would typically cover? I just never thought of it. I would have just assumed it wouldn’t be covered.......

Please post back after you talk to your insurance company and let us know what they say. I’m very intrigued.
by Normchad
Wed Apr 07, 2021 8:24 pm
Forum: Investing - Theory, News & General
Topic: How much do you spend annually in retirement?
Replies: 112
Views: 10415

Re: How much do you spend annually in retirement?

help me understand that one... I've been told to budget about $20k per year for health care ... This is very concerning. How accurate is this estimate? I took a quick look at ACA and I'm seeing premium pricing around 300/mo~500/mo w/o any subsidies. Do we really need to budget 20k/year? That'll der...
by Normchad
Wed Apr 07, 2021 7:05 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270695

Re: Post your Financial Milestone Announcements Here

We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher. Many thanks to the great advice from the forum! Congratulations! That is a very impress...
by Normchad
Wed Apr 07, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 76
Views: 4664

Re: Taking a paycut for a more stable state job (CA)?

I’m not a fan of people taking pay cuts. And I also think job stability, or the promise of it, is over rated. A lot of times people don’t just lose their jobs, they leave voluntarily. So how important was the stability? I think if you take a pay cut, you are permanently sett8mg yourself back. Your ...
by Normchad
Wed Apr 07, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 76
Views: 4664

Re: Taking a paycut for a more stable state job (CA)?

I’m not a fan of people taking pay cuts. And I also think job stability, or the promise of it, is over rated. A lot of times people don’t just lose their jobs, they leave voluntarily. So how important was the stability? I think if you take a pay cut, you are permanently sett8mg yourself back. Your e...
by Normchad
Wed Apr 07, 2021 12:18 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6253

Re: How much cash do you really hold?

I have 12 months worth of expenses sitting in my checking account. To me, that is cash. And when I talk about my portfolio, I don’t include my checking account. But when I talk about my net worth, I include everything. In my portfolio, I have some money in a money market fund. That’s close enough to...
by Normchad
Wed Apr 07, 2021 12:00 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 6992

Re: How to lose the desire of outperforming the market?

Most real investors underperform the market. They actually do worse overall, than the funds they invest in. The cause is that they trade, or try to tune the market, etc. For me, the best way to lose the desire for outperformance, is to remember that I am actually doing better than 90% of investors, ...
by Normchad
Tue Apr 06, 2021 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise?
Replies: 10
Views: 726

Re: Asking for a raise?

Some context - I've been in industry for a while but got >5% bumps only by changing jobs :? I'm in low management role in IT (~20 direct reports) and doing good (exceeding expectations). However the list of demands from my manager keeps growing every month :annoyed and I got only 3% annual increase...
by Normchad
Tue Apr 06, 2021 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise?
Replies: 10
Views: 726

Re: Asking for a raise?

Some context - I've been in industry for a while but got >5% bumps only by changing jobs :? I'm in low management role in IT (~20 direct reports) and doing good (exceeding expectations). However the list of demands from my manager keeps growing every month :annoyed and I got only 3% annual increase...
by Normchad
Tue Apr 06, 2021 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Staying at a company after giving notice? (counter-offer)
Replies: 58
Views: 5812

Re: Staying at a company after giving notice? (counter-offer)

Brianmcg321 wrote: Tue Apr 06, 2021 8:48 pm I would counter the counter offer for $91k.

You already got something lined up so it doesn't hurt to ask.
This is good advice. The market has spoken, and you are worth at least 90. Tell them you’ll stay, but you can’t do that if it’s costing you money.
by Normchad
Tue Apr 06, 2021 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Staying at a company after giving notice? (counter-offer)
Replies: 58
Views: 5812

Re: Staying at a company after giving notice? (counter-offer)

Why would you switch jobs for a $3K raise? Other than money, was there something really enticing about it? IMO, you’re not doing this right. If you’re going to leave, you should be getting a minimum of a 15% bump. Just tell people, hey I make XXX now, and I’d love to work for you, but I need XXX+15%...
by Normchad
Tue Apr 06, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12587

Re: Anyone else see drastic increase in Zillow value today?

Metsfan91 wrote: Tue Apr 06, 2021 4:33 pm Nope, didn't notice nor don't care. Ain't selling nor going nowhere.
A reason to care is that your real estate taxes will probably rise proportionally in the future. Not always true, but often times is the case.
by Normchad
Tue Apr 06, 2021 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6838

Re: Too early to retire?

It seems every “can I retire” thread I’ve seen has someone getting a pension or company paid health benefits. That certainly won't be true for me. I'll probably have a 13 gap between retirement and Medicare. As of now, I would personally lean toward a health share ministry. It won’t be true for me ...
by Normchad
Tue Apr 06, 2021 6:43 pm
Forum: Personal Consumer Issues
Topic: Thoughts on HOA Board Membership?
Replies: 31
Views: 2689

Re: Thoughts on HOA Board Membership?

I showed up,to the HOA meeting once, and by the time it was over, I was the president. It can be a lot of free work you’re doing. But you get a say in what the community and management company focuses on. For me, I was planning to sell my house within a year. So we focused on getting people to clean...
by Normchad
Tue Apr 06, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5815

Re: Job Satisfaction vs Maximizing Income

It’s all a grind. Get all the money you can.....