Last month, my 2000 Honda Civic LX turned twenty-one. Most of its 156,498 miles were earned during the first seven years of its life when it was our only vehicle. When I bought it in 2000, I drove it off the lot, brand new, for $15,631. What I didn’t know at the time is how… Continue reading How to get a brand new Honda Civic for $4,000!
Recently, while reading Lifecycle Investing by Ian Ayres and Barry Nalebuff, I wondered how to calculate my relative risk aversion(RRA). Financial advisors often ask their clients a series of questions to calculate their risk and determine the suitability of different types of investments. These questionnaires are challenged because many people often say one thing but… Continue reading How much risk will I tolerate?
It’s official! This is the first year I’ve filed for a tax extension. Every year I use the FreeFillableForms to fill out and submit my taxes. I was slightly concerned that I’d have to restart the process to file the extension. That was until I saw the nifty “File an Extension” button in the upper… Continue reading April 2021 Update
This past week, I sold my bond holdings and spread the proceeds between our US equities and international equities allocation. It was a combination of selling our positions in VTIP, BND and VBIPX, and then gifting appreciated shares of VTEB. Why? Previously, my fixed income target was 15%. Recently, I realized that I wasn’t considering… Continue reading Bond-like Assets
My wife and I have a long running inside joke. We’ll be considering a purchase, be it a thing or an experience, and one of us will turn to the other, asking “how much did we pay for this the last time?” The other spouse will reply, “I don’t know. But I know how we… Continue reading Using Quicken to Track Personal Finances
With my oldest finishing up her first year at the university, I started thinking about the alchemy of converting human capital (i.e. W-2, 1099-contracting, etc.) into investment capital. As I worked out a post, I started looking into the effect of college on increasing one’s human capital. Entering the Workforce Many people get jobs during… Continue reading Is College Worth It?
I haven’t filed my taxes yet for 2020. I’m probably going to file for an extension to increase the window of any possible eligibility for stimulus payments. It’s highly likely that I still won’t be eligible, but it’s worth a shot. It’ll be my first time filing for an extension, so there’s some learning ahead.… Continue reading Taxable Passive Income – 2020
Spring has sprung! At this time of year, we love swinging downtown to check out the cherry blossoms. However, this year with the pandemic in play, we may skip our annual tradition. Here’s a picture from last year’s blossom excursion: Despite paying zero attention to organized sports, I did fill out an NCAA March Madness… Continue reading March 2021 Update
I finished 63 books in 2020, three more than 2019 but eleven fewer than 2018. Of those 63, only two of them were physical, paper books. Twenty five of them were audio books, but the remaining thirty six were on my Kindle Paperwhite. I love my Paperwhite. It’s my second e-ink Kindle, replacing my Kindle… Continue reading I love my Kindle Paperwhite
There’s no shortage of market pundits predicting impending doom. The current trend of prophecy is pointing to astronomical price-to-earnings ratios and how calamity ensued the last time this happened. If I’m an investor with a lump sum to invest, what do I do? The last thing I want to do is drop it in an… Continue reading Which is the winner? Lump sum investing or dollar cost averaging?