Search found 894 matches

by avenger
Mon May 18, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 5030

Re: How did you determine your target savings rate?

I save what I don’t spend. Not the other way around. Your mileage may vary. So you spend first and only save what's left? I hope that works out well for you. It doesn't work out well at all for most who use that approach. Correct. I don’t have a budget. I do have a high income, however, and had sav...
by avenger
Mon May 18, 2020 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 5030

Re: How did you determine your target savings rate?

I save what I don’t spend. Not the other way around. Your mileage may vary. So you spend first and only save what's left? I hope that works out well for you. It doesn't work out well at all for most who use that approach. Correct. I don’t have a budget. I do have a high income, however, and had sav...
by avenger
Mon May 18, 2020 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 5030

Re: How did you determine your target savings rate?

I save what I don’t spend.
Not the other way around.
Your mileage may vary.
by avenger
Mon May 18, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 6002

Re: Thinking of buying a boat during pandemic – am I CRAZY?

Do it. Buyer’s market.

We got rid of ours right before the pandemic!

We made some of our favorite memories in the past decade on that boat.

We live in Chicago. Was always fun to take friends down the Chicago river downtown
by avenger
Sat May 16, 2020 7:16 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2641

Re: [any downside to telling your parents your income?]

I think in general it’s probably a bad idea although each individual circumstance may vary. I support my mother financially to the tune of about $1000 per month. It’s already awkward having her see things I spend my money on. I can’t imagine telling her an exact figure or giving her more detail abou...
by avenger
Wed May 13, 2020 5:53 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 16737

Re: Coronavirus Flight Cancel Thread

mc2 wrote: Wed May 13, 2020 1:09 pm I'm happy that you had good success and thanks for your prompting. I've called Cap One and gave up w/1 hour wait times. I'll try later today and report back.
Most CC companies allow you to dispute directly from the website.

My dispute took 3 minutes to do online.
by avenger
Wed May 13, 2020 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 10009

Re: Turning 30. Living 30s without regrets

Hi group, I am turning 30 soon. When I was 22 and got my first job, I read a ton of what to do in my 20s that seems to have helped me a ton. Some things that have helped: - Maxed out my 401k every year. 401k is ~275k - Travelled as much as I could. Visited 10 countries in Europe. - Started an HSA a...
by avenger
Wed May 13, 2020 12:33 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 16737

Re: Coronavirus Flight Cancel Thread

So you disputed the charge with your CC company? I have not, and I don't really know why. I am hoping that the LOT refund will arrive shortly, rather than waiting 90 days with the CC, and possibly avoiding filling out forms, submitting paperwork, etc. As far as I know, the payout amount would be th...
by avenger
Wed May 13, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Broke mother-in-law retiring due to COVID-19
Replies: 54
Views: 6756

Re: Broke mother-in-law retiring due to COVID-19

I feel for you. My mother foreclosed on her condo six years ago. She moved into apartment was relatively self-sufficient working part-time as a substitute school teacher and receiving my father’s Social Security. Two years ago she had bilateral knee replacements, ended up with a stroke, and couldn’...
by avenger
Wed May 13, 2020 12:12 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 16737

Re: Coronavirus Flight Cancel Thread

So you disputed the charge with your CC company? I have not, and I don't really know why. I am hoping that the LOT refund will arrive shortly, rather than waiting 90 days with the CC, and possibly avoiding filling out forms, submitting paperwork, etc. As far as I know, the payout amount would be th...
by avenger
Wed May 13, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 10009

Re: Turning 30. Living 30s without regrets

gr7070 wrote: Tue May 12, 2020 9:41 pm
hammond wrote: Tue May 12, 2020 9:32 pm Spouse and me

birth of our first kid

career (notice I deleted ladder)
These are the only things of true substance you mentioned in your post.
Wrong.

Travel to 10 European countries? I’ll say that’s plenty of substance.
by avenger
Wed May 13, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Broke mother-in-law retiring due to COVID-19
Replies: 54
Views: 6756

Re: Broke mother-in-law retiring due to COVID-19

I feel for you. My mother foreclosed on her condo six years ago. She moved into apartment was relatively self-sufficient working part-time as a substitute school teacher and receiving my father’s Social Security. Two years ago she had bilateral knee replacements, ended up with a stroke, and couldn’t...
by avenger
Wed May 13, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 16737

Re: Coronavirus Flight Cancel Thread

Here's my update: LOT Airlines cancelled my flight. I've been on a waiting list for a full refund. After each call (3), the agent claims I will get it, but I haven't. I spoke with MasterCard claims and they told me they only deal with cancellations that "I" generate, such as a death of a ...
by avenger
Wed May 13, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 8486

Re: Should you include home equity in Net Worth?

I do.

But it doesn’t really matter as net worth is a completely useless metric.
by avenger
Wed May 13, 2020 4:46 am
Forum: Personal Finance (Not Investing)
Topic: How to consider home improvement expenses
Replies: 25
Views: 1384

Re: How to consider home improvement expenses

I consider any home improvement to be an expense. Taken further, home ownership in general is an expense.
by avenger
Tue May 12, 2020 11:34 am
Forum: Personal Consumer Issues
Topic: Where do you back up your important data?
Replies: 102
Views: 5750

Re: Where do you back up your important data?

icloud Drive for me. I don't use it all that often, but it's there for me in case my documents go missing. If someone wants to steal my tax returns and can get through Apple to get them, then more power to them. My identify theft policy will finally get put to use. These are exactly my thoughts. Al...
by avenger
Tue May 12, 2020 5:45 am
Forum: Personal Consumer Issues
Topic: What are your alternative plans this summer if it was travel?
Replies: 65
Views: 5714

Re: What are your alternative plans this summer if it was travel?

We have a huge backyard construction project underway. Putting in a plunge pool and putting in new deck with natural stone. It’s been in the planning stages for nearly 2 years. The project started one month ago. “Should” be done in one month. We’ll be vacationing at home for the foreseeable future, ...
by avenger
Sun May 10, 2020 9:28 am
Forum: Personal Investments
Topic: International Equity Fund Placement
Replies: 13
Views: 1154

Re: International Equity Fund Placement

Honestly it probably doesn’t matter.

The tax efficiency of domestic and international index funds change year by year, resulting in probably no significant difference.

May differ across brokerages as well.

Others will probably show the numbers.
by avenger
Sun May 10, 2020 7:04 am
Forum: Personal Investments
Topic: International Equity Fund Placement
Replies: 13
Views: 1154

Re: International Equity Fund Placement

Versus where?
by avenger
Sun May 10, 2020 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Very Low Student Loan Interest Rate - Invest Instead?
Replies: 34
Views: 2084

Re: Very Low Student Loan Interest Rate - Invest Instead?

Only you can decide.

I had a similar situation 8 years ago. $160k of medical school debt at 2.something%. I just paid it off.

It’s a matter of risk tolerance (increase debt = increase risk).
by avenger
Sat May 09, 2020 10:16 pm
Forum: Personal Investments
Topic: Taxable Account & Roth IRA Have Same Index Funds - Is This Okay?
Replies: 12
Views: 1390

Re: Taxable Account & Roth IRA Have Same Index Funds - Is This Okay?

Doesn’t matter. I do it.

Just be sure you don’t make any mistakes when you perform tax loss harvesting.
by avenger
Sat May 09, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Thoughts on tree removal
Replies: 43
Views: 2690

Re: Thoughts on tree removal

We will soon be engaging them about their fence which encroached on our property by a not insignificant amount. Hopefully the fence hasn't been up, or replaced an older fence that was in place, for many years. My sister tried to correct a neighbor's fence about 2 feet into her property when she pre...
by avenger
Sat May 09, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Thoughts on tree removal
Replies: 43
Views: 2690

Re: Thoughts on tree removal

Posting merely to follow along. Have been in a similar situation with our neighbors (in Illinois). We have a 50 foot maple whose trunk straddles our property line. While we are friendly with our neighbors, they have very staunch views on how things are to be handled on their property. We did a big t...
by avenger
Fri May 08, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: iPad.. worth it?
Replies: 49
Views: 3409

Re: iPad.. worth it?

Love it for reading. Also am a pianist and have all my music on it. Use the Apple Pencil to notate in it as well - comments from my piano teacher.

Also use it for all heavy work tasks (have the pro). I love it.
by avenger
Thu May 07, 2020 7:57 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 626
Views: 85483

Re: What lifestyle creep made you happier?

Travel.
Spending a few hundred bucks to upgrade to business class on our trip to Asia this past January.
Boat - owned it for 10 years and provided so many great memories with friends.
by avenger
Mon May 04, 2020 8:07 am
Forum: Personal Consumer Issues
Topic: "Knock" sound when turning right
Replies: 19
Views: 1187

Re: "Knock" sound when turning right

I also agree with it being CV joint.
by avenger
Sat May 02, 2020 5:51 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 16737

Re: Coronavirus Flight Cancel Thread

Admiral Fun wrote: Sat Apr 25, 2020 5:30 pm Norwegian Air flight cancelled

We requested refund a month ago and are still waiting.

I’m not holding my breath.
Dispute on your credit card.
by avenger
Sat May 02, 2020 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to store financial statements in the cloud?
Replies: 48
Views: 3787

Re: Is it safe to store financial statements in the cloud?

I store all my information in the cloud. Although unlikely, my information could be stolen. But it’s so convenient.
by avenger
Tue Apr 28, 2020 5:39 am
Forum: Investing - Theory, News & General
Topic: Anyone wish they would have invested more during recent downturn?
Replies: 124
Views: 11499

Re: Anyone wish they would have invested more during recent downturn?

I rebalanced according to my IPs which resulted in me buying about $70k worth of stocks.
I bought more stocks according to my IPS, until I was overweighted in stocks and bought more fixed income.
Do you have an IPS?
by avenger
Fri Apr 17, 2020 4:37 am
Forum: Investing - Theory, News & General
Topic: I am feeling forced to buy into this market
Replies: 55
Views: 6264

Re: I am feeling forced to buy into this market

Set an asset allocation.
As soon as you find your portfolio has drifted from your target AA, put money to work in the underweighted class.
It’s simple, takes emotion out of it.
by avenger
Thu Apr 09, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 51265

Re: Who's buying today? where's all the "dry powder" folks at? :)

I’m doing the same thing I’ve done for the last decade.

Buying every two weeks in accordance with my AA.

Rebalanced (bought $70k or so worth of stocks a couple weeks ago).
by avenger
Tue Apr 07, 2020 10:32 am
Forum: Personal Investments
Topic: Rebalancing...now?
Replies: 13
Views: 1405

Re: Rebalancing...now?

My IPS says to rebalance if my AA is off by more than 5%.
It doesn’t say anything about VIX.
I rebalanced a couple of weeks ago. Bought $70k or so of my stock index funds.
by avenger
Tue Apr 07, 2020 7:15 am
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10798

Re: What did you do cool with your money today?

Wrote the check for the second of four installments for a backyard splash pool and landscaping job.
by avenger
Sat Apr 04, 2020 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 13090

Re: Are your personal expenses down during stay home and shelter?

Every day discretionary spending is down by probably 75%. 50% of our credit card bills are dining out and travel.
Major backyard project is still a go (in accordance with our state’s executive order r/t COVID-19), which will reach 6 figures.
So overall, it’s going to be up a little bit.
by avenger
Fri Mar 27, 2020 5:43 am
Forum: Investing - Theory, News & General
Topic: Any other investors with 70/30 portfolio?
Replies: 110
Views: 21499

Re: Any other investors with 70/30 portfolio?

I’m 40 years old and 70/30 (see signature).

No emergency fund. Got a stable value fund in my 457 and a large taxable account.
by avenger
Thu Mar 26, 2020 4:35 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65642

Re: So bottom is probably behind us....right?

Nobody knows nothin’.
by avenger
Thu Mar 26, 2020 4:29 am
Forum: Investing - Theory, News & General
Topic: Rebalancing with Mutual Funds
Replies: 6
Views: 470

Re: Rebalancing with Mutual Funds

I have a rebalancing spreadsheet that allows me to factor in the current fund price.

I input those data 10 minutes before market close and then transact.

But I’ve only rebalanced once in my 9 year investing career (last week).
by avenger
Thu Mar 26, 2020 4:26 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 14987

Re: Why not stand on the sidelines for a little while?

How many market timing threads are we going to have to endure?
by avenger
Mon Mar 23, 2020 6:55 am
Forum: Investing - Theory, News & General
Topic: Who here is buying stocks today and how much?
Replies: 311
Views: 29139

Re: Who here is buying stocks today and how much?

Bought 65k last week (rebalance).
Bought 12k earlier in March (usual biweekly buying rules).
by avenger
Sun Mar 22, 2020 7:07 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 3400

Re: How are you supporting your community?

Bought 2 $100 gift cards for local restaurant we love.
Carry out from other restaurants.
by avenger
Thu Mar 19, 2020 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120975

Re: Why are you NOT buying rental properties?

I’m returning to this thread with popcorn. Just here to watch.
by avenger
Thu Mar 19, 2020 9:11 pm
Forum: Personal Investments
Topic: Unprepared for Potential Great Depression Part 2
Replies: 245
Views: 24729

Re: Unprepared for Potential Great Depression Part 2

welderwannabe wrote: Thu Mar 19, 2020 9:06 pm
avenger wrote: Thu Mar 19, 2020 9:02 pm For some reason I’m not phased at all yet by this drop to date.
Im more phased by my cash earning nothing.
Why do you have cash?
by avenger
Thu Mar 19, 2020 9:02 pm
Forum: Personal Investments
Topic: Unprepared for Potential Great Depression Part 2
Replies: 245
Views: 24729

Re: Unprepared for Potential Great Depression Part 2

I’m 70/30. Started at age-10 in bonds 8.5 years ago when I finished medical training. Wasn’t invested in 2008.

For some reason I’m not phased at all yet by this drop to date.

A couple days ago I bought $70,000 worth of stocks. I’m gonna keep rebalancing for now.
by avenger
Sat Feb 29, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: Why so much buying/rebalancing going on?
Replies: 100
Views: 6503

Re: Why so much buying/rebalancing going on?

I was 70/30 at the top.
I’m 67.5/32.5 today.

It’ll take another 15% drop for me to reach my 5% band.

Back to something more interesting (my nap).
by avenger
Thu Jan 23, 2020 3:22 am
Forum: Personal Investments
Topic: All into VITAX?
Replies: 14
Views: 2013

Re: All into VITAX?

Bogleheads generally believe in diversification.

Start here:
https://www.bogleheads.org/wiki/Getting_started
by avenger
Thu Jan 23, 2020 3:08 am
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10798

Re: What did you do cool with your money today?

I’m currently at the Marina Bay Sands in Singapore with my partner. We are nearing the end of a 2.5 week trip to Tokyo, Bali, and Singapore.
by avenger
Tue Jan 21, 2020 9:11 pm
Forum: Personal Investments
Topic: Emergency Fund in Taxable Account
Replies: 10
Views: 1862

Re: Emergency Fund in Taxable Account

My entire portfolio is my emergency fund. My overall asset allocation is about 70/30 and 70% of my portfolio is taxable.

Just draw from your portfolio when you need to (emergency, car purchase, retirement, etc).
by avenger
Thu Jan 09, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120975

Re: Why are you NOT buying rental properties?

... who will suck up more of your profit, further sinking your returns.

Even if you have a property manager, any good real estate investor will be hands-on with the management of their properties. It’s a time suck. I’m too lazy to do that. Did it in the past and have no desire to do it again.
by avenger
Thu Jan 09, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120975

Re: Why are you NOT buying rental properties?

Because VTI and VXUS don’t wake me up in the middle of the night because the toilet is overflowing. Also for many other reasons.
by avenger
Sat Dec 21, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: I made a big mistake and I learned my lesson
Replies: 59
Views: 8977

Re: I made a big mistake and I learned my lesson

It cost you $300. Hardly qualifies as a big mistake.