kizer permanente

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On Jan 28, 2020:

On Jan 24, 2020:

  • kizer permanente replied to "Savings" at 07:56 pm
  • posted by gut

    Anyway, as far as debt I think my current tolerance after-tax is somewhere between 4-5% where I'd consider paying it off.  I just paid cash for a new car 6 months ago because, at 4.9% APR, I'd have to do at least 6% in the markets to break even.  During or just after a recession where you can expect a healthy market recovery for at least a few years, then that math changes.  Right now, the decision to take that financing and put the cash into the market could turn out to be a VERY EXPENSIVE loan!

    A mortgage at 3% is less than 2% after-tax.  That's a no-brainer to keep rolling over.  You can beat that rate with pretty conservative investments.

    Lol I wish I knew as much as you about finance. God damn. 

  • kizer permanente replied to "Savings" at 03:59 pm
  • posted by iclfan2

    Yea, expensive af in this city. Gonna be like getting a giant raise when they go to public school. But that’s 4+ years away. And of course the cutoff is August 30th to start school, and my 4 month old was born in the middle of September!

    I remember those days. We had 2 in daycare. We send to private school now and its still worlds cheaper lol

  • kizer permanente replied to "Savings" at 03:54 pm
  • posted by gut

    It's hard to recommend any investments, right now.  Probably why paying down debt is a good idea.

    Normally, in this market environment, I'd be saying to plow into fixed income investments.  But you'd be chasing risk above 3% yield.  Short-term and Intermediate-term duration debt should do well in a bear market, especially after they cut rates back down to zero.  Certainly better than buying equities that will donk-off 30%+ in the next year or two.

    Anyway, money market accounts usually offer about the worst returns you can find.  6 months of savings isn't that good any more - I'd recommend more like 12 months.  But it doesn't have to sit in cash.  At least put it in a short-term CD that gets you a little bit better rate.  Sure, there's a penalty if you cash out early but only part of the interest (which might make it yield less than a money market, but that's only if you really need to cash out). 

    You might do better still, and more liquid, in a low cost bond fund.  Vanguard has a short-term treasury ETF that returned 3.5% last year (keep in mind that's after two(?) rate cuts).  It averaged about 1.5% over the last 3-5 years.  Vanguard also has a short-term Corp. Bond ETF that did 7.0% last year and has averaged about 3.0% over the last 3-5 years.

    Top CD and money market rates right now are @ 2% right now.  Keeping money in a bank only makes sense if you're getting some sort of packaged discount, like waived trading fees or lower mortgage rates.

    Only real debt is the mortgage @ 2.75%. I don't know how much sense it makes to be in a rush to pay that down right now? My wife has a car loan but its 0%. That's it for debt. 

  • kizer permanente replied to "Savings" at 03:30 pm

  • So my wife maxes out her 401k. I moved to a public ed job so I rolled my 401k into an IRA where my previous 401k was rolled into. We max that IRA.  Now 10% of my salary goes into my retirement and the college puts in 14% for 24% combo. We have one savings account that in a MM fund that is for 6 months of living expenses and we also put 20% of our income into another savings MM fund. My question is would the 20% we put into that second MM fund be better served somewhere else?

  • kizer permanente created thread "Savings" at 09:16 am

  • How many months of liquid savings do you have per your living expenses? 
    Do you budget a percentage of your salary or a fixed number into savings?
    Do you count retirement in that number?

    How do you do your savings?

On Jan 23, 2020:

  • kizer permanente replied to "Our monetary system (and money history)" at 12:56 pm

  • I cant afford a bitcoin so I don't think it has a future :) 
    I hope it's not the future at least or I won't be able to afford money. 

On Jan 21, 2020:

  • kizer permanente replied to "Super Bowl - 49ers vs Chiefs" at 09:25 am

  • Chiefs have too many weapons and Garoppolo is too suspect. Chiefs will score enough that it will force Garappolo to have to throw it. And he sucks. 

On Jan 3, 2020:

On Dec 31, 2019:

  • kizer permanente replied to "The 2010s thread" at 02:28 pm
    • Met my wife in 2010
    • Married in 2012
    • First kid in 2013
    • Bought our first house together in 2014 (I bought mine before her and I met )
    • Second kid in 2015
    • Bought our current house in 2017
    • Changed jobs in 2018
    • Starting new job on the 13th  

On Dec 30, 2019:

  • kizer permanente replied to "Biggest gambling wins?" at 10:13 pm

  • I hit $350 on one of those automated roulette tables in Vegas on my first spin.

    i had no idea it auto-betted your full amount for it immediately put $350 on the same number and I lost it right back to them in. Matter of like 5 seconds. I had never been so pissed off in my life.  

On Dec 27, 2019:

On Dec 22, 2019:

On Dec 1, 2019:

  • kizer permanente replied to "Browns @ Steelers....Round 2" at 04:53 pm

  • Unfortunately this is Baker. He doesn’t suck but he’s never going to be better than this. He’ll be good enough to win some games but never good enough to make the team win games.  That last drive highlighted all of his issues. 

On Nov 15, 2019:

  • kizer permanente replied to "Steelers @ Browns...Round 1" at 01:20 pm

  • I've never had an opinion one way or the other on Mason Rudolph, and now I despise the guy. Thanks NFL.

  • kizer permanente replied to "Steelers @ Browns...Round 1" at 12:41 pm
  • posted by slingshot4ever

    No, he didn’t get suspended at all

    yeah, like i said, looks like it was a typo in espn's original article.

  • kizer permanente replied to "Steelers @ Browns...Round 1" at 12:16 pm
  • posted by slingshot4ever

    How does Rudolph not get a fine and/or suspension and Larry gets one game for just pushing him in the back?  Rudolph attempted to rip helmet off Myles.

    he did. hes out the rest of the season?

  • kizer permanente replied to "Steelers @ Browns...Round 1" at 06:43 am

  • I turned it off after the Browns scored their last TD so I was a little surprised by my FB feed this morning to say the least lol. 

    Dunno what Garrett was thinking. The silver lining was his swung the open end at him. If he hit him with the top of the helmet it probably would have killed Rudolph and that's not being dramatic.  The force he swung with was insane. So.. not sure what Garrett was thinking, but he'll probably have some time to think about it now.