Search found 1603 matches

by vitaflo
Thu Jun 17, 2021 10:03 am
Forum: Personal Investments
Topic: Gut check at 24 years old - not sure if I should feel this behind
Replies: 48
Views: 3489

Re: Gut check at 24 years old - not sure if I should feel this behind

I stopped reading the forums and listening to FI podcasts. I had to unplug since it became to much of a focus and took away from actually doing things I enjoyed like cycling, hiking, and off roading. Do not stop yourself from doing the things you enjoy. I did that, and if there's one thing I regret...
by vitaflo
Wed Jun 16, 2021 11:07 am
Forum: Personal Consumer Issues
Topic: Refrigerator Filters
Replies: 70
Views: 3576

Re: Refrigerator Filters

A quick check on Amazon shows generic filters for about $10 each or even less. Is there any reason to believe that the Whirlpool brand filters are any better than the generic ones? One rule of mine is to never buy anything from Amazon that you can put in or on your body. A water filter fits that de...
by vitaflo
Wed Jun 16, 2021 11:04 am
Forum: Investing - Theory, News & General
Topic: What was it like to index during the Lost Decade (1999-2009)?
Replies: 69
Views: 6408

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

I was more concerned about my career (in IT) than I was about my investments during that time. Early 2000's was not kind to a lot of people in my industry. That said I did stay the course. It was a good lesson that even during one of the worst times for me financially (multiple year market declines ...
by vitaflo
Wed Jun 16, 2021 10:53 am
Forum: Personal Consumer Issues
Topic: How long should a car last?
Replies: 71
Views: 4195

Re: How long should a car last?

I drive a 2006 Honda Accord with 145K miles on it. She thinks 10 years/100K is about when is reasonable to get rid of a car. I think that a Honda should be able to reach 150K miles easily without dealing with too many major repairs. Any car should be able to reach 150k no problem, all my cars have ...
by vitaflo
Wed Jun 16, 2021 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Best month to retire
Replies: 38
Views: 3268

Re: Best month to retire

Early May. Early in the month because then health care is paid for the full month, a few months into the year so you can max retirement accounts and get any bonuses paid out, and May for me because before that (where I live) is still basically winter so there's not much else to do then anyway. Sprin...
by vitaflo
Sun Jun 13, 2021 10:15 pm
Forum: Personal Investments
Topic: Extremely lazy investing
Replies: 81
Views: 7477

Re: Extremely lazy investing

Consider this investment strategy: 1- EF in a high yielding Savings account never to be touched. 2- Pick a single proper target date fund based on age and max out both 401k and IRA. 3- Using the same fund from (2), invest in a taxable account as much as you can afford. Exactly what my wife does in ...
by vitaflo
Sun Jun 13, 2021 4:35 pm
Forum: Personal Investments
Topic: Extremely lazy investing
Replies: 81
Views: 7477

Re: Extremely lazy investing

Consider this investment strategy: 1- EF in a high yielding Savings account never to be touched. 2- Pick a single proper target date fund based on age and max out both 401k and IRA. 3- Using the same fund from (2), invest in a taxable account as much as you can afford. Exactly what my wife does in ...
by vitaflo
Sun Jun 13, 2021 2:19 pm
Forum: Personal Investments
Topic: Extremely lazy investing
Replies: 81
Views: 7477

Re: Extremely lazy investing

Consider this investment strategy: 1- EF in a high yielding Savings account never to be touched. 2- Pick a single proper target date fund based on age and max out both 401k and IRA. 3- Using the same fund from (2), invest in a taxable account as much as you can afford. Exactly what my wife does in ...
by vitaflo
Thu Jun 10, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: HSA money, use it or save it for later
Replies: 94
Views: 8632

Re: HSA money, use it or save it for later

I had been filing receipts and waiting until I helped my wife handle a couple of estates (family members). Seeing the amount of paperwork to deal with I decided to not leave this administrative burden for her to deal with if I croaked or became incapacitated. I blew out the backlog of claims and th...
by vitaflo
Wed Jun 09, 2021 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1291
Views: 152513

Re: anyone regret paying off mortgage early

I do not regret it, however the situation at the time was perhaps different than others. My mortgage was 4.25%, bonds were paying about 2.5%, I could not get a deduction for mortgage interest any longer, and I had a maxed emergency fund and plenty of money in taxable to pay it off. All of that just ...
by vitaflo
Tue Jun 08, 2021 9:37 am
Forum: Investing - Theory, News & General
Topic: The International Cap Weight (and Beyond!) Discussion Thread
Replies: 227
Views: 10980

Re: The International Cap Weight (and Beyond!) Discussion Thread

Despite the relatively lesser returns over the past decade, this has proven to provide a roughly 10% annualized return and I have been able to stay the course just fine. I've been cap weight on US/Int for about a decade, and my annualized return over that time is 9.3%. So when people say Int kills ...
by vitaflo
Mon Jun 07, 2021 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Return to Work - How is your company dealing with it?
Replies: 260
Views: 23657

Re: Return to Work - How is your company dealing with it?

At this point I've saved so much working from home (about $7k in the past year, not including my time commuting) that I now include WFH as part of my total compensation. Any corp that would req going into the office, well, they'd simply have to pay more to make up for it. And I highly doubt any corp...
by vitaflo
Sun Jun 06, 2021 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2 at same rate for high income earner
Replies: 13
Views: 1355

Re: 1099 vs W2 at same rate for high income earner

Without benefits, the 1099 option is better simply because of the higher retirement account limits and QBI. Last year I took a gig that required contracting via a pass through entity to a megacorp as a W2, so I couldn't get a 1099 for this gig. Rate was the same, but no benefits, basically the same ...
by vitaflo
Sat Jun 05, 2021 4:45 pm
Forum: Personal Consumer Issues
Topic: Should I keep stick shift car?
Replies: 76
Views: 4510

Re: Should I keep stick shift car?

I switched from a stick to an automatic (well a dual clutch automatic which is a lot more like a stick shift than a regular torque converted automatic) for the same reasons. I got sick of rowing gears in bumper to bumper traffic. That said now that I can WFH and don’t commute I really wish I had a s...
by vitaflo
Wed Jun 02, 2021 3:14 pm
Forum: Personal Consumer Issues
Topic: Rent Fios router ($15/mo) or use my own?
Replies: 49
Views: 3687

Re: Rent Fios router ($15/mo) or use my own?

Buy, renting is a ripoff. I've always owned my own routers. I'm not paying rent to from some company when I can own my own and it pays for itself in 5 months.
by vitaflo
Tue Jun 01, 2021 2:32 pm
Forum: Personal Consumer Issues
Topic: Amazon Sidewalk, Use Your Neighbor's Internet for Free
Replies: 84
Views: 10153

Re: Amazon Sidewalk, NOT USING Your Neighbor's Internet for Free

In most cases I assume your Echo will use your internet. But if for some reason it can't speak out (Pi-Hole for instance) it will speak "across" to another Echo which can then speak out on its behalf. TV's have started doing this too. If you're able to block their access to ads, telemetry...
by vitaflo
Tue Jun 01, 2021 10:50 am
Forum: Personal Consumer Issues
Topic: WWV Radio
Replies: 48
Views: 3550

Re: WWV Radio

Did you notice how much hour to hour variation there is? This is why I mentioned propagation above. Sometimes the bands just aren't open. And of course during the day the D layer is going to hinder lower frequencies, so it's best to test this at night when the D layer goes away and signals can refr...
by vitaflo
Mon May 31, 2021 11:52 pm
Forum: Personal Consumer Issues
Topic: WWV Radio
Replies: 48
Views: 3550

Re: WWV Radio

I can get WWV on 5, 10 and 15 in MN on my mag loop antenna no problem. Sure it's not your antenna? You said you can get regional AM stations but some AM stations can put out 50kW and WWV puts out 10kW and is much further away from you. Also don't forget propagation can also play a role. There are ti...
by vitaflo
Fri May 28, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Return to Work - How is your company dealing with it?
Replies: 260
Views: 23657

Re: Return to Work - How is your company dealing with it?

Wife and I both work at F500 companies. Her company is going back to 100% in office by Labor day, no remote work allowed any more. My company hasn't said much thus far, though I've told my boss if I can't WFH full time I'm quitting. My wife is also thinking of quitting once they force her back to th...
by vitaflo
Thu May 27, 2021 1:21 pm
Forum: Personal Consumer Issues
Topic: starting a quiet lawn care company
Replies: 78
Views: 3581

Re: starting a quiet lawn care company

I have 2 different battery powered leaf blowers. The older one is small and not too loud, but it is also not very powerful. I bought the second one a year ago. It is powerful and loud. About a week ago I was using it outside and I saw my neighbor covering her ears when she was about 30 feet away fr...
by vitaflo
Thu May 27, 2021 1:12 pm
Forum: Personal Consumer Issues
Topic: starting a quiet lawn care company
Replies: 78
Views: 3581

Re: starting a quiet lawn care company

If you want to run this full time you would need a lot of batteries, which are quite expensive. I could see this as a niche service, for people who value quiet on their properties and don't want to smell gas fumes. Or those who care about virtue signaling. Ultra rich people could be a client base gi...
by vitaflo
Thu May 27, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Rehash: Masters Accounting vs BS Computer Science Thread
Replies: 17
Views: 1706

Re: Rehash: Masters Accounting vs BS Computer Science Thread

imo, ageism in IT is more about complacency. Agree with this. Doing any IT work req constant learning and keeping up on new tech. If you decide to stop or rest on your laurels, then you're more likely to be shown the door. If you stay active and engaged, less likely. As someone else said ageism hap...
by vitaflo
Thu May 27, 2021 11:07 am
Forum: Personal Consumer Issues
Topic: New fireplace chase installed - I complained - am I too picky?
Replies: 42
Views: 3033

Re: New fireplace chase installed - I complained - am I too picky?

This is why I hate contractors. I'm picky (or just very detailed, take your pick) and contractors always seem to screw up something. People saying you're too picky are the reason why contractors do lazy work in the first place. Most people unfortunately don't care.
by vitaflo
Thu May 27, 2021 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Utility of additional nest egg after hitting your number?
Replies: 105
Views: 11361

Re: Utility of additional nest egg after hitting your number?

1. What difference to your retired life would an additional 1M or 2M in savings make? ie. just add safety/buffer, or enable new spending? 2. What new spend would you enable? (ie. what would you now do that you may not have been able to do at 100K/yr) 3. How many years would you be willing to work f...
by vitaflo
Fri May 21, 2021 1:32 pm
Forum: Personal Consumer Issues
Topic: Smart Home Devices?
Replies: 34
Views: 2869

Re: Smart Home Devices?

I use it as a timer for cooking. I haven't found another use for it, to be honest.
by vitaflo
Thu May 20, 2021 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What do you value most? - Salary, Cash Bonus, Deferred Bonus, Equity
Replies: 79
Views: 5046

Re: What do you value most? - Salary, Cash Bonus, Deferred Bonus, Equity

All else being equal, salary. I don't like golden handcuffs.
by vitaflo
Thu May 20, 2021 12:20 pm
Forum: Personal Consumer Issues
Topic: Suggest a beginner Python course
Replies: 41
Views: 4786

Re: Suggest a beginner Python course

If you have no prior programming experience I would try to focus on an intro programming course that just happens to use Python as its teaching language. This would be slightly different from a Python course that may expect at least some prior programming knowledge. It's better to learn the basics o...
by vitaflo
Thu May 20, 2021 11:49 am
Forum: Personal Consumer Issues
Topic: Ford Lightning EV
Replies: 207
Views: 12823

Re: Ford Lightning EV

I think the hard thing to think about for us consumers is whether or not it makes sense to try to dive in and get a EV in the next year or so to take advantage of tax credits, or wait another 2 or 3 years for hopefully better products. In NJ I would qualify for a $7,500 federal tax credit and a $5,...
by vitaflo
Thu May 20, 2021 10:58 am
Forum: Personal Finance (Not Investing)
Topic: does anyone regret being too frugal? [marginal utility of consumption]
Replies: 105
Views: 11486

Re: does anyone regret being too frugal? [marginal utility of consumption]

thanks for the read and anecdotes. Im in my 30s now, aiming to retire ~50. now I have kids, I wish I took more destination trips when I was single and had the means, as opposed to trying to save, because the ones i did take were some of the best memories I had with my friends. do you guys feel that...
by vitaflo
Wed May 19, 2021 2:07 pm
Forum: Personal Consumer Issues
Topic: Cars -- When and Why Did You Switch from Economy/Practicality to Luxury?
Replies: 211
Views: 14280

Re: Cars -- When and Why Did You Switch from Economy/Practicality to Luxury?

Buying a used BMW 3 series would not really do anything in the big picture. BMWs aren't BMW's anymore, so you might want to re-evaluate your choice of a luxury vehicle. The F30 is especially bad having neither performance nor luxury. I would agree with this. The last time I got into a 3-series it l...
by vitaflo
Wed May 19, 2021 10:13 am
Forum: Forum Issues and Administration
Topic: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies
Replies: 270
Views: 16199

Re: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies

While I don't own any crypto, censorship of ideas is something that disturbs me. The forum does it all the time when it comes to politics and religion, and is all the better for it. Neither politics nor religion are financial assets. Crypto is, at least according to the IRS. And I'm going to guess ...
by vitaflo
Tue May 18, 2021 4:05 pm
Forum: Investing - Theory, News & General
Topic: What are the intricacies of a country having debt denominated in a foreign currency?
Replies: 28
Views: 2473

Re: What are the intricacies of a country having debt denominated in a foreign currency?

So if a country has needs for foreign goods and services greater than the exports it makes (including invisibles like tourism) it will have to borrow. Can't it just directly convert its own currency into the currency of the country whose goods and services it's buying (even if the value of those go...
by vitaflo
Sun May 16, 2021 7:58 pm
Forum: Investing - Theory, News & General
Topic: Quarterly Tax Filing
Replies: 24
Views: 1918

Re: Quarterly Tax Filing

If you invest the tax money and your investments go down in value, how will you pay your tax liability? There's only two things certain in this life, death and taxes. Pay your quarterlies.
by vitaflo
Thu May 13, 2021 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: How did you figure out what to Retire TO?
Replies: 51
Views: 3375

Re: How did you figure out what to Retire TO?

Given your username I'd think there were plenty of bike parks to visit all over the US and Canada that could take up a lot of your time.
by vitaflo
Wed May 12, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Trying to Decide on Inheritance Allocation: Who gets What?
Replies: 40
Views: 3348

Re: Trying to Decide on Inheritance Allocation: Who gets What?

My concern is that if we don't have equal distributions, instead of our gift being considered as an expression of our love, it will be divisive. I guess that even if I am dead, I'd like to remembered as a caring guy, rather than as someone who sowed divisiveness. Every estate I've seen with unequal...
by vitaflo
Wed May 12, 2021 8:24 am
Forum: Investing - Theory, News & General
Topic: When would you buy cryptocurrency?
Replies: 200
Views: 12214

Re: When would you buy cryptocurrency?

JoMoney wrote: Wed May 12, 2021 8:22 am
vitaflo wrote: Wed May 12, 2021 8:20 am When I can pay my taxes with it.
There are payment processors that will let you pay for lots of things using it, it's just inefficient and more expensive to do so compared to using dollars directly.
I know. But I literally mean the IRS accepting crypto directly.
by vitaflo
Wed May 12, 2021 8:20 am
Forum: Investing - Theory, News & General
Topic: When would you buy cryptocurrency?
Replies: 200
Views: 12214

Re: When would you buy cryptocurrency?

When I can pay my taxes with it.
by vitaflo
Tue May 11, 2021 9:50 am
Forum: Personal Investments
Topic: Does anybody actually rebalance across bond holdings?
Replies: 25
Views: 1632

Re: Does anybody actually rebalance across bond holdings?

More than likely when you rebalance from stocks to bonds you're going to shore up your bond holding AA. So rebalancing across bond holdings by themselves will be a very rare, if ever, event.
by vitaflo
Tue May 11, 2021 9:16 am
Forum: Personal Finance (Not Investing)
Topic: retirement accounts available to self-employed?
Replies: 11
Views: 1013

Re: retirement accounts available to self-employed?

Note that there is a disadvantage if your 1099 income benefits from a QBI deduction from what I understand. I think the basic idea is that you don’t get the QBI deduction for the money that goes into the retirement plan. This is correct. If you did you'd be getting a double deduction. But a self-em...
by vitaflo
Mon May 10, 2021 2:36 pm
Forum: Personal Investments
Topic: Why foreign stocks?
Replies: 115
Views: 7361

Re: Why foreign stocks?

Educate me pls. I own an S&P 500 index fund. Many of the companies in the index, such as Apple, have a large proportion of international sales. So by owning an S&P 500 index fund, I feel I already have a significant (perhaps 30%) international exposure. So what benefit is there to also own ...
by vitaflo
Mon May 10, 2021 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Some Regret Over Conservative Approach to Finances
Replies: 110
Views: 12571

Re: Feeling Some Regret Over Conservative Approach to Finances

Has anyone ever lost money at the casino? I learned long ago not to listen to people bragging about their fortunes, whether financial or material in nature. Too many people who take risks and win big don't talk about the big losses that come with risk. Too many people who spend like crazy don't talk...
by vitaflo
Fri May 07, 2021 11:25 am
Forum: Personal Investments
Topic: How much do you trust FIRECalc?
Replies: 17
Views: 2171

Re: How much do you trust FIRECalc?

I use it as a "back of the napkin" calculator. IE, I mostly use it to see if I'm on the right track. I'm not looking to see if my success rate is 95% or 96%. I'm looking to see if it's 95% or 50%. I can then adjust my expectations accordingly. But I definitely use it as a course measuremen...
by vitaflo
Fri May 07, 2021 11:17 am
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 243
Views: 22497

Re: California Homebuying Insanity

The average working person should be able to afford to buy a home, and as a country I don’t know if we will ever get back to a place where that’s possible. There are plenty of places in america where the average working person can afford a home. That's not true where you live, but it is true in a l...
by vitaflo
Thu May 06, 2021 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 243
Views: 22497

Re: California Homebuying Insanity

+1 I think this is the answer to most "can I afford.."? You can get burned pretty badly in this type of RE mkt if it were to abruptly change, so you better be very sure you're in for the long haul. As someone else mentioned taking a 50% pay cut living elsewhere but getting the same sort o...
by vitaflo
Thu May 06, 2021 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 243
Views: 22497

Re: California Homebuying Insanity

Life is a series of choices and you need to decide what your priorities are and what you want the most. Is it a good school for the kid? Is it to live in the same city/state you are now? Is it to build equity and not "throw away" money by renting? Is it to keep your current job? When there...
by vitaflo
Mon May 03, 2021 6:46 pm
Forum: Personal Investments
Topic: I sold off all my (modest) crypto holdings this morning
Replies: 105
Views: 14850

Re: I sold off all my (modest) cryto holdings this morning

Dunning-Kruger effect is pretty strong in these crypto threads. And from a board who's motto is "nobody knows nuthin", no less! I suppose that only applies to areas that bogleheads know a bit about. Well, one bogleheadism is "don't invest in things you don't understand". I suspe...
by vitaflo
Mon May 03, 2021 6:26 pm
Forum: Investing - Theory, News & General
Topic: How does bitcoin solve the deflation problem?
Replies: 80
Views: 6024

Re: How does bitcoin solve the deflation problem?

I like bitcoin but I also have no idea how it will really work in practice with wider adoption, although I suspect it will even if there is nothing quite like it in the known universe. Some people advocate thinking of bitcoin as a store of value more akin to art than gold--capable of actual uniquen...
by vitaflo
Mon May 03, 2021 6:12 pm
Forum: Personal Investments
Topic: I sold off all my (modest) crypto holdings this morning
Replies: 105
Views: 14850

Re: I sold off all my (modest) cryto holdings this morning

Dunning-Kruger effect is pretty strong in these crypto threads. And from a board who's motto is "nobody knows nuthin", no less! I suppose that only applies to areas that bogleheads know a bit about. Well, one bogleheadism is "don't invest in things you don't understand". I suspe...
by vitaflo
Mon May 03, 2021 4:34 pm
Forum: Personal Investments
Topic: I sold off all my (modest) crypto holdings this morning
Replies: 105
Views: 14850

Re: I sold off all my (modest) cryto holdings this morning

My mom told me teenagers that work with her are buying crypto. Mostly first time foray into stocks for these youngsters. Quote that comes to mind: "Somebody gonna get hurt, real bad..." My best friend is an investment banker. He recently was asked by a neighbor who teaches high school eco...
by vitaflo
Wed Apr 28, 2021 3:38 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 747
Views: 41114

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

That's my point. There simply is no region outside the US - possibly with the exception of Korea - that has an economy in any way comparable to ours in terms of being dynamic, creative, and transparent. Europe is sclerotic with rigid laws preventing businesses from responding to changes in the busi...