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by Dulocracy
Tue May 12, 2015 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 10
Views: 1202

Re: $25K Whole Life policy for daughter - $130/year - keep it?

Dump it. If you want her to have insurance, tell her to look into a 20 year term policy before she starts thinking about kids. I have a $100,000 term policy for 20 years that costs $85 a year. I got another 20 year term for $500,000 that costs $285 a year. Pay that for her.
by Dulocracy
Tue May 12, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 201
Views: 37377

Re: Share your networth progression

I was worth -$500 when I got out of law school (No student loans, because of a combination of scholarships and employment during school, but I had $500 on my credit card from getting a nice quiet hotel room both nights before the two day bar exam and meals during that time. Money well spent.) My num...
by Dulocracy
Tue May 12, 2015 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 146
Views: 16399

Re: much ado about coasting (through life)

This is a well worn story, but I think very appropriate here: An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the qual...
by Dulocracy
Tue May 12, 2015 11:49 am
Forum: Investing - Theory, News & General
Topic: Poll: Increasing international equities
Replies: 70
Views: 5552

Re: Poll: Increasing international equities

Our goal has been 40% since we set our asset allocation. I am currently around 39%, and the wife is around 42% international. As someone said: Vanguard changed its allocation to be like me, not the other way around.
by Dulocracy
Tue May 12, 2015 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 60
Views: 5786

Re: Philosophies of frugality.

My wife and I are very frugal. We drink water when we go out. In 20 years, I will not remember that coke. We will have a nice wine, however, as that actually adds to the experience of dining out if we are somewhere nice. We do not buy much at the store. We live fairly simply. I do not have the newes...
by Dulocracy
Tue May 12, 2015 11:14 am
Forum: Personal Consumer Issues
Topic: Bought a brand new house - what next?
Replies: 17
Views: 2060

Re: Bought a brand new house - what next?

Go over your insurance with your agent to make sure that you have the coverage that you want. Ask questions. Be absolutely sure that you have all of the coverage that you want. Ask the agent what coverages are available and what they would recommend adding.
by Dulocracy
Tue May 12, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: another first time home buyer question
Replies: 2
Views: 303

Re: another first time home buyer question

1) I think you are spot on with the amount that you are borrowing. 2) Most people buying in the peak season will wind up paying a little more. 3) I agree with Carefreeap that you want a house you will enjoy. Do not buy it for its investment value. In 20 years, a lot can change. Buy for what fits you...
by Dulocracy
Fri May 08, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 146
Views: 16399

Re: much ado about coasting (through life)

While it is not the lifestyle for me, if it is what you want, go for it. My main piece of advice would be to become financially independent first. If you are drawing down, you are losing not only principal, but also growth on that principal. That means even more lifetime hours working to make up for...
by Dulocracy
Fri May 08, 2015 12:03 pm
Forum: Personal Consumer Issues
Topic: What to do with 1940's refrigerator that still works?
Replies: 36
Views: 2696

Re: What to do with 1940's refrigerator that still works?

Do not sell it for scrap. Vintage is in. You will likely fetch a good price, as vintage appliances (mostly stoves, since refrigerators did not hold up as well) are a hot ticket item. The problem is shipping. You would want to make it clear they had to pick it up.
by Dulocracy
Thu Apr 30, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4131

Re: [How do I lead a discussion about saving for retirement?

Thank you all for the great insight. Apologies to LadyGeek for adding work... my post was not well titled. I appreciate the links, resources, and thoughts people put forward here. I am supposed to talk to a group of college students in the Fall, it would seem. If only one of them listens, it will be...
by Dulocracy
Thu Apr 30, 2015 3:03 pm
Forum: Personal Consumer Issues
Topic: Morningstar website slowness
Replies: 5
Views: 409

Re: Morningstar website slowness

Yes. I assumed it was something to do with my computer or internet connection. I sometimes have to re-load pages that time out.
by Dulocracy
Thu Apr 30, 2015 2:43 pm
Forum: Personal Consumer Issues
Topic: What do you tip a valet?
Replies: 54
Views: 3982

Re: What do you tip a valet?

Also from Atlanta, so I understand the frustration around here. I usually tip $2, but if I am going home from work, I often have confidential paperwork in my trunk that I cannot let others have access to, even if it is unlikely they would take anything. As I take that very seriously, I am often in t...
by Dulocracy
Thu Apr 30, 2015 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay off the mortgage before I quit my job?
Replies: 30
Views: 3396

Re: Should I pay off the mortgage before I quit my job?

I would not. I would instead wait to see if this is something you really want to do long term. If you change your mind, you just keep assets as they are now. If, however, you decide to go for a second year as a stay at home parent, then I would consider paying it down. You can contribute to a Roth e...
by Dulocracy
Thu Apr 30, 2015 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 2798

Re: Broke buy quarterly

You asked if this was a good strategy. I can now write this: No, it is not a good strategy. Why not? My 401k has mutual funds no fee, I have had great success with my individual stocks so far (AAPL, DIS, PG) so please explain your brilliance and reasoning when you tell me this is not a good strateg...
by Dulocracy
Thu Apr 30, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Spendy spouse
Replies: 110
Views: 10716

Re: Spendy spouse

Try this: Both of you agree to go on a two month "money diet". During that time, make no purchases whatsoever in the way of clothes, luxuries, or other general expenses. Pay bills, food, and that is it. Curtail eating out. Curtail purchases of any sort that are not absolutely necessary. Ag...
by Dulocracy
Thu Apr 30, 2015 8:51 am
Forum: Investing - Theory, News & General
Topic: Risk Aversion vs. Loss Aversion
Replies: 17
Views: 1294

Re: Risk Aversion vs. Loss Aversion

I disagree with the very definitions many are using in this discussion. My understanding of this matter is much closer to livesoft's (who I just called wrong in another post). I am not very risk averse. I have a mostly stock portfolio that is tilted small/value. I am very loss averse. I do not want ...
by Dulocracy
Thu Apr 30, 2015 8:36 am
Forum: Investing - Help with Personal Investments
Topic: DFA as a new 401k option - Poll
Replies: 12
Views: 921

Re: DFA as a new 401k option - Poll

My investing strategy is to use a small-cap and value-tilted portfolio. So I would use some of these DFA funds, but at the same time that would not be augmenting my investing strategy. I guess I would have to answer the poll: No. For the first time, I believe, I disagree with livesoft. As the origi...
by Dulocracy
Mon Apr 27, 2015 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Lending Club
Replies: 6
Views: 910

Re: Lending Club

One prolific Boglehead poster runs a blog (mostly for doctors, but useful to the rest of us). He posts about peer to peer lending here: http://whitecoatinvestor.com/10-things- ... r-lending/
by Dulocracy
Fri Apr 24, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds Poll
Replies: 72
Views: 3926

Re: Age in Bonds Poll

I selected age-20, but the actual formula that I use is my wife's age -15 in bonds using a reverse bond strategy (mortgage paydown). Tax deduction taken into account, we come out slightly ahead of current bond rates. Because it is an individual instrument, there is not the same risk of loss of value...
by Dulocracy
Fri Apr 24, 2015 9:33 am
Forum: Personal Consumer Issues
Topic: Cocktail Hobby
Replies: 11
Views: 1908

Re: Cocktail Hobby

I tend to like very simple drinks. Scotch neat. Bourbon on the rocks. My gin and tonic is 3/5 gin, 2/5 tonic. My martini is simply swirl dry vermouth around the glass so the glass is wet and pour out the extra; add gin. For that reason, I like quality in the liquor that I drink. I will not bore you ...
by Dulocracy
Fri Apr 24, 2015 9:17 am
Forum: Investing - Help with Personal Investments
Topic: investing for child
Replies: 4
Views: 485

Re: investing for child

http://fairmark.com/custacct/index.htm See the link above for a comprehensive understanding what UTMA's can and can't do. This is a great resource. The one thing that I would actually contest is the assertion that the money could not be used for the child's home under any circumstance. Of course, s...
by Dulocracy
Fri Apr 24, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4131

[How do I lead a discussion about saving for retirement?]

[Original thread title was: "1/3 of those SAVING for retirement have less than $1000", see my post below. --admin LadyGeek] I did not see this posted yet, but it is concerning that of those who save for retirement (Not including those without savings), one third have less than $1,000 save...
by Dulocracy
Mon Apr 20, 2015 4:03 pm
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 33
Views: 2961

Re: Collecting: A Hobby First, Investment Second

I collect domestic and international stock funds. That is a dangerous thing to do. First, you collect your Emerging Market Fund. Then you have to get the Emerging Value. Then the Emerging Small Cap. Next comes the Frontier Market fund. After collecting all of the value funds, you move to growth. Ne...
by Dulocracy
Fri Apr 17, 2015 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5644

Re: Should I purchase an Umbrella policy?

if something is VERY cheap, there's a reason for it .... it has a very low chance of occurring. But if it occurs, it could be devastatingly catastrophic. Under the idea of not likely to be needed, would we also recommend not having disability insurance? I hope I never use my umbrella policy, but I ...
by Dulocracy
Fri Apr 17, 2015 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5644

Re: Should I purchase an Umbrella policy?

Depending on the insurance coverage and the state (bankruptcy laws differ), it is actually entirely possible for a debt to be bankruptcy proof. Again, results will differ from state to state (just as some states do not protect IRAs from bankruptcy). Some examples: 1) Someone has a few glasses of win...
by Dulocracy
Fri Apr 17, 2015 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 45
Views: 6277

Re: Can't Just Do Nothing

Get a second job that can be done from home, such as medical billing. Thanks for the suggestion, but a second job has no appeal to me unless I can find one in an area I particularly enjoy. Grow vegetables in your backyard and sell them at farmer's markets? Trying to go for something other than drop...
by Dulocracy
Fri Apr 17, 2015 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9041

Re: Two Comma Club

Congratulations on such a milestone. I always find these posts to be inspirational! :beer
by Dulocracy
Fri Apr 17, 2015 1:23 pm
Forum: Personal Consumer Issues
Topic: noise-blocking headphones
Replies: 39
Views: 3176

Re: noise-blocking headphones

Can't you "Ignore the noise?" :twisted: For a cheaper option than Bose, my wife was very happy with some "Skullcandy" headphones that are over the ear. She can play video games on her computer without hearing whatever I am using the television for at the time, allowing us to spen...
by Dulocracy
Fri Apr 17, 2015 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Investment made for emotional reasons--do they work out?
Replies: 11
Views: 1123

Re: Investment made for emotional reasons--do they work out?

I would not invest that much money in a situation where someone may only be there a few years. I think it would be much more preferable to give her money to relocate or to provide continued assistance in that vein. Have you checked the rates to rent houses for her? While you are losing that money, s...
by Dulocracy
Fri Apr 17, 2015 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11551

Re: Does your family know about your net worth (ball park)?

3. My mother did not foster good relationships among us siblings. There was always unhealthy rivalry going on, as well as golden-child/scapegoat phenomenon. If I did something good or remarkable, she would always comment how my rival sibling did it better etc. He lives flashy lifestyle – expensive ...
by Dulocracy
Fri Apr 17, 2015 1:10 pm
Forum: Investing - Theory, News & General
Topic: Baby boomers bad for stock market?
Replies: 27
Views: 2620

Re: Baby boomers bad for stock market?

Are you suggesting we implement some sort of Logan's Run style Carrousel [sic] system? How do you propose to handle the situation?
by Dulocracy
Fri Apr 17, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5917

Re: how to deal with it [regret over past investing choices]

I am a year older than you are without that windfall. I did not start saving until a few years ago. You know in the movie "It's a Wonderful Life" when Mr. Potter tells George Bailey "You are worth more dead than alive" (thereby causing him to consider suicide)? Yeah, that is me.....
by Dulocracy
Fri Apr 17, 2015 12:43 pm
Forum: Forum Issues and Administration
Topic: Abbreviation: "OP"[? = "Original Poster"]
Replies: 14
Views: 1245

Re: Abbreviation: "OP"

nisiprius wrote:but I at least do try to read the original post.


It is good that you try to at least make that effort... :P
by Dulocracy
Fri Apr 17, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 33
Views: 2961

Re: Collecting: A Hobby First, Investment Second

Rick- Thanks for the article! I actually have a collection of dusty old books. My college roommate went to med school when I went to law school. When he graduated, I gave him a medical dictionary from the late 1800's. It was much more about the sentiment than the value. None of my books have any rea...
by Dulocracy
Fri Apr 17, 2015 12:31 pm
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 249
Views: 25038

Re: What do you drive, and why?

My wife drives a 2005 Ford Escape Hybrid. Why? Her parents did not want the vehicle anymore and were nice enough to let us have it.

I drive a 2010 Volkswagen Jetta. I love the car. It has been reliable, and it had a good price tag.
by Dulocracy
Fri Apr 17, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Career and college advice for current HS students
Replies: 34
Views: 2670

Re: Career and college advice for current HS students

Skilled at writing, written communication, and English: Decide your career BEFORE deciding your major. These are general skills, and an English degree can help you flip burgers. Decide first what you want to do. Second what that job requires. Third what your major will be.
by Dulocracy
Fri Apr 17, 2015 12:14 pm
Forum: Investing - Theory, News & General
Topic: Will Saudi Arabia be added into Total International Stock?
Replies: 14
Views: 1673

Re: Will Saudi Arabia be added into Total International Stoc

I imagine it would be considered a frontier market like Kuwait. Even if its economy is larger, the market itself is young for international investment, and therefore would likely be considered too volatile at first. Of course, that is speculation.
by Dulocracy
Fri Apr 17, 2015 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Anyone in VFSVX? Why?
Replies: 70
Views: 10666

Re: Anyone in VFSVX? Why?

I use it in my Roth IRA. I used the fund because it allows nice, round numbers. I will likely hold VSS in taxable someday.

Edited to add: at 0.37%, the cost is pretty low to get international small cap exposure.
by Dulocracy
Fri Apr 17, 2015 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 38
Views: 2795

Re: Can we afford [a masters degree]?

Do NOT pay for it out of the Roth. Loans would be better. That tax advantaged space is worth more than you can imagine. You will lament the day you took that money out when you look back if that is what you do. As for whether or not to do it? Will having the education allow her salary to increase to...
by Dulocracy
Fri Apr 17, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 45
Views: 6277

Re: Can't Just Do Nothing

Get a second job that can be done from home, such as medical billing.
by Dulocracy
Fri Apr 17, 2015 10:32 am
Forum: Investing - Help with Personal Investments
Topic: How to invest with Euros?
Replies: 5
Views: 432

Re: How to invest with Euros?

http://thunfinancial.com/why-americans-should-never-ever-own-shares-in-a-non-us-incorporated-mutual-fund/ That article is the perfect answer to why OP's son should not do this. When someone pointed this out to me, I was both amazed and thankful that I found out BEFORE doing anything silly.
by Dulocracy
Fri Apr 17, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Would you invest your house down payment?
Replies: 22
Views: 1961

Re: Would you invest your house down payment?

do it all the time, eh? Are you from the Canadian part of Texas? Religion, politics, and money always seem to get people fired up in real life, so this is a great outlet. Maybe that is why we are not allowed to discuss religion or politics on this board. I am going to echo livesoft's view on the &q...
by Dulocracy
Fri Apr 17, 2015 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5644

Re: Should I purchase an Umbrella policy?

Get it. It is relatively cheap. It gives you much better protection, for much less money. If you are eligible, get it now. You never know when an accident will occur and you will no longer be eligible for some period of time. No offense, but you don't have $1m in assets, so why do you need so much c...
by Dulocracy
Fri Apr 17, 2015 8:54 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Tips for Post-College Lifestyle
Replies: 53
Views: 2960

Re: Tips for Post-College Lifestyle

1) Fully fund your Roth IRA 2) If you have a 401k, put every dime you can into tax advantaged space. You would actually contribute here first if there is a match until you get the full match. Then Roth IRA. Then more money in 401k. Seriously, cram as much as you can into tax advantaged space as youn...
by Dulocracy
Thu Apr 16, 2015 12:06 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 89
Views: 5311

Re: Favorite Boglehead Avatar?

Haha... ok, so yes, her name is englishgirl, since she posted just above my post.
by Dulocracy
Thu Apr 16, 2015 12:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 89
Views: 5311

Re: Favorite Boglehead Avatar?

As a huge fan of Robotech, I will have to say the avatar of schuyler74 is my favorite. My second favorite is Englishgirl's bunny in a blue dress (I believe that is her name on here... or some derivation of it, and another poster also seems to think that is her name.) VictoriaF's always reminds me of...
by Dulocracy
Thu Apr 16, 2015 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11551

Re: Does your family know about your net worth (ball park)?

1) My mother knows. I shared with her to relieve any fears she may have had. I wish I could talk to my inlaws about it a bit. I am concerned that they think that we have a smoke and mirrors approach to investing. My firm requires constant re-investment and reimbursement. For that reason, I fear that...
by Dulocracy
Thu Apr 16, 2015 11:23 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for Teeneagers
Replies: 24
Views: 1495

Re: Roth IRA for Teeneagers

Don't worry. They won't be making smart decisions. :twisted: I told my daughter that I would give her the money to fully fund her Roth IRA for 2014 if she submitted her 2013 (not a typo) tax return and the payment for it. She will not do it, so she will be $5500 poorer. Daughter comes through with ...
by Dulocracy
Wed Apr 15, 2015 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Setup a Vanguard Roth IRA for wife help choose a fund
Replies: 8
Views: 773

Re: Setup a Vanguard Roth IRA for wife help choose a fund

I would go with VTSMX for the first go. Add international next year.
by Dulocracy
Wed Apr 15, 2015 12:34 pm
Forum: Investing - Theory, News & General
Topic: Investing in a house!! Qld
Replies: 2
Views: 384

Re: Investing in a house!! Qld

30 year fixed. Fixed because you do not have nasty surprises you cannot fix with raising rent. 30 year because it is much more likely to be cash flow positive, and it gives you more flexibility. You can always pay it off early, but if you need to stretch a bit... that cannot be done without a refina...

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