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by FelixTheCat
Thu Mar 01, 2012 7:01 pm
Forum: Personal Consumer Issues
Topic: Vitamins and Supplements
Replies: 38
Views: 4292

Re: Vitamins and Supplements

Fish Oil ~ Yuk! I can't stand the taste nor the smell.

For those of you have a health-food store near you, you can get your Omega-3's by purchasing assorted nuts. For example, Trader Joe's has an Omega-3 version of nuts which is much tastier than fish oil.
by FelixTheCat
Wed Feb 29, 2012 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Money magazine for Bogleheads?
Replies: 35
Views: 4333

Re: Money magazine for Bogleheads?

However, it is almost useless for selecting funds for Boglehead stay-the-course investors.
Money showed me that Vanguard Total Stock, Total Bond and Total International were on the Money 70 list. That's how my accounts found there way to Vanguard.
by FelixTheCat
Tue Feb 28, 2012 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property questions
Replies: 9
Views: 1225

Re: Rental property questions

I have been using a property manager for years. Mine cost 10% of Gross Rents.
by FelixTheCat
Tue Feb 28, 2012 2:54 pm
Forum: Personal Investments
Topic: Opening First Roth IRA, Fund Help Please
Replies: 9
Views: 997

Re: Opening First Roth IRA, Fund Help Please

I also like Vanguard's LifeStrategy funds; A fund-of-funds using three index funds while keeping your asset allocation.
by FelixTheCat
Mon Feb 27, 2012 1:55 pm
Forum: Personal Investments
Topic: Robbing One Fund to Pay Another ~ Emergency Fund
Replies: 3
Views: 599

Robbing One Fund to Pay Another ~ Emergency Fund

I am working on funding my Emergency Fund. I estimate it will take two years to get to my target date.

I have another account that produces dividends which I automatically reinvest. Should I take the dividends and direct them to my emergency fund which would shorted my target date?
by FelixTheCat
Sun Feb 26, 2012 11:48 pm
Forum: Personal Investments
Topic: Renting my current home
Replies: 31
Views: 2606

Re: Renting my current home

I don't understand why you want to move.

I consider my house a home and not an investment. I've had my home when the market was flat, when the market went down and when the market went up. While many people I know are loosing their homes, I am safe knowing I still own the roof over my head.
by FelixTheCat
Sat Feb 25, 2012 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to protect assets from partner's addict daughter?
Replies: 94
Views: 8524

Re: How to protect assets from partner's addict daughter?

I understanding rescuing family from time-to-time but there has to be a point in time when enough-is-enough. It sounds like you've reached this point by posting. You are being an enabler and you need to stop. Your partner and partner's daughter are draining you emotionally and financially. I suggest...
by FelixTheCat
Thu Feb 16, 2012 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you start feeling old?
Replies: 110
Views: 11719

Re: At what age did you start feeling old?

I knew people that were in their mid-60's that were young. I knew people in their mid-20's that seemed old to me. I realized it was all about your attitude.

I'm am 29 with a few anniversaries (two decades worth) of my 29th birthday.
by FelixTheCat
Sun Feb 12, 2012 2:56 pm
Forum: Personal Investments
Topic: Rental Property -- Management companies
Replies: 21
Views: 2411

Re: Rental Property -- Management companies

I knew a guy that rented a property near mine. He told me I was wasting my money on a property manager. I pay 10% of the gross rent. I simply want someone to take care of the day-to-day issues and I am willing to pay for convience. He kept shaking his head saying I'm wasting my money. Within months ...
by FelixTheCat
Wed Feb 08, 2012 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: How best to help brother financially
Replies: 35
Views: 3991

Re: How best to help brother financially

I would teach him how to fish.

Point him to the Bogleheads. Maybe you can get together once in a while, read some Boglehead wiki's together and have discussions on the best way to invest money.
by FelixTheCat
Tue Feb 07, 2012 2:39 pm
Forum: Investing - Theory, News & General
Topic: Why is it so darn hard to be a "Couch Potato" investor?
Replies: 45
Views: 5195

Re: Why is it so darn hard to be a "Couch Potato" investor?

What's a Couch Potato investor? I am at the "I'm too lazy to get out of my bed to get to the couch" stage. :lol
by FelixTheCat
Mon Feb 06, 2012 3:14 pm
Forum: Investing - Theory, News & General
Topic: Can't contribute to a Roth ~ Where/What to invest?
Replies: 3
Views: 497

Re: Can't contribute to a Roth ~ Where/What to invest?

That was an interesting article. Didn't even think of that scenario.
by FelixTheCat
Mon Feb 06, 2012 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Do You Save?
Replies: 57
Views: 5985

Re: How Much Do You Save?

I thought I was a doing well with 20%. I see I need to step up my game.
by FelixTheCat
Mon Feb 06, 2012 3:01 pm
Forum: Investing - Theory, News & General
Topic: Can't contribute to a Roth ~ Where/What to invest?
Replies: 3
Views: 497

Can't contribute to a Roth ~ Where/What to invest?

I am working on my 2011 taxes and TurboTax is telling me to withdraw my 2011 Roth IRA contributions. I finally hit the max MAGI. FYI: I do max out my 401K. This is new territory for me. So where do I put my extra 5K a year? I-Bonds? Total Stock Market in a taxable account? I don't have a fully-funde...
by FelixTheCat
Mon Feb 06, 2012 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Mutual Fund Exchanges & Taxes
Replies: 3
Views: 439

Re: Mutual Fund Exchanges & Taxes

Thanks guys.
by FelixTheCat
Mon Feb 06, 2012 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Mutual Fund Exchanges & Taxes
Replies: 3
Views: 439

Mutual Fund Exchanges & Taxes

I exchanged a mutual fund into another. I am preparing my taxes and the software says I have to pay taxes on the capital gains. I thought exchanges were exempt. I thought I only had to pay for capital gains on a sell of a mutual fund.

Anyone know for sure?
by FelixTheCat
Fri Jan 27, 2012 12:13 am
Forum: Personal Finance (Not Investing)
Topic: How many Bogleheads do not marry due to financial reasons?
Replies: 154
Views: 13449

Re: How many Bogleheads do not marry due to financial reason

My simple advice is marry your financial equal.
by FelixTheCat
Wed Jan 25, 2012 10:40 pm
Forum: Personal Investments
Topic: Young investor looking for advice (19 years old)
Replies: 9
Views: 1459

Re: Young investor looking for advice (19 years old)

I would stick with the 2045 fund. There are other things to learn... 1) Do you have an emergency fund? Life will throw you curves at times. I believe on read on a Bogleheads article that saving one year's worth of expenses is suggested. 2) Stay away from the evils of credit card debt. If you have a ...
by FelixTheCat
Wed Jan 25, 2012 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 10
Views: 1257

Re: Life insurance

You have to think of a couple of things. 1) If you pass away, how much insurance is needed so she may maintain her current standard of living to stay home with the kids. If you under fund then she may have to go back to work. 2) What happens if you wife dies? Are you going to stay home to take care ...
by FelixTheCat
Wed Jan 25, 2012 10:16 pm
Forum: Personal Investments
Topic: Do you hold your age in bonds?
Replies: 133
Views: 9924

Re: Do you hold your age in bonds?

Yes + 10% more. I am one of those investors that stresses over my finances during turbulent times. To steady my nerves, I read that I should have my age in bonds + 10%. Now, I no longer stress. You have to go with an asset allocation that will keep you invested long-term without causing sleepless ni...
by FelixTheCat
Fri Jan 20, 2012 1:39 am
Forum: Investing - Theory, News & General
Topic: Is Now Always the Best Time to Invest?
Replies: 31
Views: 3637

Re: Is Now Always the Best Time to Invest?

My only market timing quote comes from Buffet. "Invest when others are fearful." I have been seeing a lot of fear across the global economy.
by FelixTheCat
Fri Jan 20, 2012 1:18 am
Forum: Investing - Theory, News & General
Topic: Emergency Fund or Roth
Replies: 11
Views: 1576

Re: Emergency Fund or Roth

Newbie, I consider my Roth a long-term retirement vehicle instead of a short-term emergency savings asset. Short-term money I keep in a savings account and/or CD. My emergency fund is primarily to protect me against job loss, health issues and the unforseen. My Roth is for retirement so I can withdr...
by FelixTheCat
Thu Jan 19, 2012 11:45 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund or Roth
Replies: 11
Views: 1576

Emergency Fund or Roth

I have a three month emergency fund. I want to achieve a year emergency fund one day.

I have been investing $200 a month into my emergency fund (online savings account). This year I don't have the extra cash to invest in my Roth IRA. Should I be putting my $200 in my emergency fund or my Roth?
by FelixTheCat
Mon Jan 16, 2012 12:23 pm
Forum: Personal Investments
Topic: Bond Allocation Percentages
Replies: 6
Views: 1189

Re: Bond Allocation Percentages

An article called "The New Way to Reel in Income" from Money Magazine starting page 141 has information regarding allocations. I will choose the middle example Yield 3.7% 5-yr return 6.0% 10-yr return 5.3% Total Bond Market - 70% Municipal Bond - 15% Foreign Bond - 10% High Yield Bond - 5%...
by FelixTheCat
Mon Jan 16, 2012 12:30 am
Forum: Personal Finance (Not Investing)
Topic: In Escrow to purchase house with bad roof, now what?
Replies: 10
Views: 1641

Re: In Escrow to purchase house with bad roof, now what?

I would have the price of the home discounted by the cost of the new roof. If the seller doesn't agree...back out.
by FelixTheCat
Mon Jan 16, 2012 12:26 am
Forum: Personal Investments
Topic: Need Help on Grasping What i Have and where to go.
Replies: 6
Views: 1083

Re: Need Help on Grasping What i Have and where to go.

Why are you leaving your house? Is it something you need or something you want? Why isn't your wife contributing to her retirement? I'm not a financial expert by all means but I've been around the block. I've seen friends loose their homes due to greed. I see people live paycheck-to-paycheck. Unless...
by FelixTheCat
Mon Jan 16, 2012 12:16 am
Forum: Personal Finance (Not Investing)
Topic: My tenants want me to put in a water softener system
Replies: 51
Views: 13120

Re: My tenants want me to put in a water softener system

rustymutt wrote:Tell them OK, if they agree to a monthly increase to cover your cost.
I stopped reading after the first response. I have a rental. Agree to install the water system if the tentants agree to paying for it as a gift to you. I'm sure they will cancel their request in a heart-beat.
by FelixTheCat
Fri Jan 13, 2012 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 16430

Re: Found $100 Bill at Walmart

You found $100 on the floor? This confuses me because I thought Money Grows on Trees. :lol:
by FelixTheCat
Wed Jan 11, 2012 1:47 am
Forum: Personal Consumer Issues
Topic: Rental Rights
Replies: 10
Views: 1086

Re: Rental Rights

I had to do some repairs on a rental property that lasted a day. I simply put the tenants in a hotel for a night.
by FelixTheCat
Thu Jan 05, 2012 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Scores
Replies: 27
Views: 2484

FICO Scores

I signed up with CreditKarma to see my simulated FICO score. I see I didn't achieve the max 850 and wondering why?

All of my payments have been on time to everyone since the beginning of time. :D I have no credit card debt. :D :D

What does it take to achieve the highest FICO score?
by FelixTheCat
Thu Jan 05, 2012 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Accident with rental car
Replies: 18
Views: 4358

Re: Accident with rental car

I agree with the previous posters
  • Turn it over to your insurance.
  • Check with your credit card company.
  • Have the at fault party pay it. If they don't, go to small claims.
by FelixTheCat
Thu Jan 05, 2012 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or rent my condo
Replies: 9
Views: 1804

Re:

our management company takes 38% of gross rentals I have a rental property. The management company I employ takes 10% of gross. It's standard in Southern Cali. The second best thing about a rental is you get to write off EVERYTHING! The first best is the check that I will continue to receive for ma...
by FelixTheCat
Mon Nov 28, 2011 1:48 pm
Forum: Personal Investments
Topic: Lifecycle Funds
Replies: 22
Views: 2435

Re: Lifecycle Funds

Ok guys, let's talk about the tax inefficiencies. I've discussed this subject with Vanguard on an annual review and I was told not to worry about this too much at my level. Personally, I like bonds in my taxable accounts because I need the hedge to protect my investments against the wild market swin...
by FelixTheCat
Mon Nov 28, 2011 1:04 pm
Forum: Personal Investments
Topic: Lifecycle Funds
Replies: 22
Views: 2435

Lifecycle Funds

I'm new to the Bogleheads, done some reading and waiting for my first Boglehead book. Hi from California! I'm a little confused on Boglehead investment philosophy. I've read on several occasions that a portfolio of Total Stock, Total International and Total Bond would be sufficient for most people's...
by FelixTheCat
Tue Nov 22, 2011 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Another paying off the house thread
Replies: 21
Views: 2035

Re: Another paying off the house thread

I paid off my house and it is great. I don't have to worry about losing my house due to a housing melt-down, lack of job, illness, etc. The peace of mind knowing you always have a place to live is fantastic. The best part of paying off my house? I get to invest all of the mortage money to make more ...
by FelixTheCat
Sat Sep 24, 2011 12:52 am
Forum: Personal Investments
Topic: Capital Preservation in a Taxable account
Replies: 9
Views: 1681

Capital Preservation in a Taxable account

I have a Vanguard Mutual Fund only account that is taxable. I would like to set up a portfolio that 1) Provides capital preservation, 2) Tax efficient and 3) Provides income. In this account I have very little to no tolerance for risk. Any ideas on how to set up the portfolio? P.S. I live in Califor...