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Viewing profile - Brent

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Brent
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Joined: Mon Mar 09, 2009 3:36 pm
Last visited: Mon May 30, 2011 12:36 am
Total posts: 44
[0.05% of all posts / 0.02 posts per day]
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Most active forum: Personal Finance
[ 44 Posts / 100.00% of user’s posts ]
Most active topic: Is it ok to base a decision to marry on finances?
[ 7 Posts / 15.91% of user’s posts ]

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Location: Albuquerque
Occupation: Systems Analyst
Interests: Argentine Tango
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Brent Posts

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 Forum: Personal Finance   Topic: Opening Roth IRA today!

 Post subject: Re: Opening Roth IRA today!
Posted: Fri Feb 25, 2011 9:38 am 

Replies: 4
Views: 1088


the S&P 500 usually have a tad lower expense ratios than other funds, just because nobody actually manages it. I have my funds about 50% of my funds in an S&P500. I don't think either of your options presented will be detrimental.

 Forum: Personal Finance   Topic: Where do I save for a car?

Posted: Thu Feb 24, 2011 2:47 pm 

Replies: 8
Views: 1426


I think the heart of the issue is that 1.35% doesn't feel like its accumulating. It feels like its just sitting there. Have I been concentrating too much on rate? is it worthwhile to have 12 months expenses and a car purchase in cash? Maybe a better question to ask is I have 600/mo disposable should...

 Forum: Personal Finance   Topic: More Home-Buying Questions: Loan too Small?

Posted: Thu Feb 24, 2011 2:40 pm 

Replies: 11
Views: 1789


If every bank/CU is telling you its got to be at least 50K. I would just take that and then pay it down the rest you can on the first payment. Your minimum payment will be higher, but it should be payed off WAY sooner than 15years.

 Forum: Personal Finance   Topic: Payday loan questions & Help Please?

Posted: Thu Feb 24, 2011 12:46 pm 

Replies: 8
Views: 1805


I'm assuming you have a job that pays cash or something like that. If you also have bad credit I don't think there is an organization that will loan you money. If you have collateral you may be able to work a deal with a pawn shop.

 Forum: Personal Finance   Topic: Where do I save for a car?

Posted: Thu Feb 24, 2011 12:40 pm 

Replies: 8
Views: 1426


to clarify: my mortgage is my ONLY debt (107K remaining) bought recently. my savings rate right now is a little over 600/mo, that is going to my checking account right now as my e-fund. But my e-fund is just about topped up. Even if I had a car payment that whole 600/mo would be paying it down. I wo...

 Forum: Personal Finance   Topic: Where do I save for a car?

 Post subject: Where do I save for a car?
Posted: Thu Feb 24, 2011 11:42 am 

Replies: 8
Views: 1426


I'm in a good position with my finances, I have 12 months average expenses in my rewards checking account 3% (max of 20K). I max out my 401K and Roth IRA and a mortgage that is very affordable at a rate of 5.375%; I have no other debt. I'm driving a 2002 saturn sc1 right now with 71K miles. Its hold...

 Forum: Personal Finance   Topic: What do you use to make a budget?

Posted: Wed Jun 09, 2010 12:19 pm 

Replies: 6
Views: 2274


I use mint.com. I use the credit/debit card almost all the time so it just pulls in all the transactions. Its also really helpful if your in a "improve your net worth" frame of mind. I still have to use spreadsheets to decide when to buy things or keep track of my "virtual accounts&qu...

 Forum: Personal Finance   Topic: Roth IRA hints and tips

 Post subject: Re: Roth IRA hints and tips
Posted: Thu May 27, 2010 9:20 am 

Replies: 31
Views: 42455


One thing that I did. I had 10K in my efund last December. I wasn't contributing to a roth. I put 5K into a new roth at vanguard to max out the year. The reason I did this is because I knew I could pull it back out if I had to, but I had the opportunity of getting 5K more into the account. Now I'm o...

 Forum: Personal Finance   Topic: Possible to earn 1% interest per month?

Posted: Fri May 21, 2010 11:33 am 

Replies: 30
Views: 8098


Sounds to me like you were hoping to make enough in interest to cover monthly expenses. If this is your emergency fund then I would say keep it in that ~1% bank account. If this is in addition to that then you might consider investment grade bonds. 1% per month is unattainable through conventional m...

 Forum: Personal Finance   Topic: Individual Stocks in a Roth?

Posted: Fri May 21, 2010 11:19 am 

Replies: 6
Views: 2077


I'm with the others, don't automate individual stocks. But as far as the rest of the strategy: A Roth is the best place for aggressive investment. The earnings are tax free, in another investment vehicle you will be taxed to some extent on your gains. Plus at your age you won't be pulling it out in ...

 Forum: Personal Finance   Topic: Is it ok to base a decision to marry on finances?

Posted: Wed May 12, 2010 9:38 am 

Replies: 39
Views: 6146


I live in Albuquerque, She goes to UNM and her parents live in Chicago. She has a 12 hr/week on-campus job making advertisements and banners. This covers the basic small expenses. She was living in the student apartments, but now will be renting a house with roommates near campus for less. She actua...

 Forum: Personal Finance   Topic: Help me think through a financial decision

Posted: Wed May 12, 2010 9:07 am 

Replies: 11
Views: 1712


If you feel competent to replace it yourself I'd order a new drive off newegg. 500GB for less than $100. If not, it might be a good time to start researching new laptops. Not much sense in pumping money into a dieing machine of any sort.

 Forum: Personal Finance   Topic: need help with Roth IRA

 Post subject: Re: need help with Roth IRA
Posted: Tue May 11, 2010 10:25 am 

Replies: 17
Views: 5676


I'm 26 and started up a roth ira with vanguard last year. S&P 500 index. When I compared it to the lifecycle 2045 and such, I just didn't see the need for the added stability. I wont be touching the money for decades. Later down the line I'll need to adjust it, but the lower fee now should make ...

 Forum: Personal Finance   Topic: Pay off mortgage or $ in a Roth as you near retirement?

Posted: Tue May 11, 2010 10:19 am 

Replies: 3
Views: 970


I agree about the liquidity, but there is also the matter of stability. If retirement is 8 years away you need something that wont drop too much in value. If you still have the mortgage in retirement then you would be committing that money to the mortgage payments. Look at the split when all the tax...
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