Search found 4101 matches

by Leesbro63
Sun Aug 02, 2015 3:22 am
Forum: Investing - Theory, News & General
Topic: "20 People You Don't Want to Invest With" by Ben Carlson
Replies: 6
Views: 816

Re: "20 People You Don't Want to Invest With" by Ben Carlson

I believe "People that..." should be "People who..."
by Leesbro63
Sat Aug 01, 2015 1:30 am
Forum: Investing - Theory, News & General
Topic: "The Sad State of the Financial Web, in 10 Charts"
Replies: 13
Views: 2398

Re: "The Sad State of the Financial Web, in 10 Charts"

It's not about getting "average" returns. It's about getting "market" returns.
by Leesbro63
Sat Aug 01, 2015 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Consumer reports article/analysis
Replies: 12
Views: 932

Re: Auto Insurance - Consumer reports article/analysis

Clark Howard also talks about the loyalty penalty. He confirms what CR says...you really need to shop frequently or you may pay too much.
by Leesbro63
Tue Jul 28, 2015 3:06 pm
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2436

Re: Not possible

Get something with 90,000 miles threadlife warranty like this: http://www.michelinman.com/US/en/tires/products/defender.html Not possible. Bibendum says: Audi A3 2007 2.0T MICHELIN Pilot® Sport A/S 3 Ultra-High Performance Sport - $183 USD 45000 miles / 6 years I drive like an old man (oh, wait, I ...
by Leesbro63
Tue Jul 28, 2015 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Defending against Tax ID theft
Replies: 6
Views: 310

Re: Defending against Tax ID theft

I make quarterly estimates. I used to try to owe a little in April but not enough to generate a penalty. Lately I've been paying In enough to cover the first quarterly payment of the next year. So what happens if I file around April 1 (which is when I generally file) and have a $2000 credit that I a...
by Leesbro63
Mon Jul 27, 2015 5:38 pm
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2436

Re: Durability of consumer goods

1969 and even 1992 cars should not be daily drivers IMHO. Safety advances since then negate any financial savings for keeping a car that long. And yet, here I am in my seventies and not dead :D Also, as I noted, no one can hack the car and leave it disabled in the highway. You're not dead from a ho...
by Leesbro63
Mon Jul 27, 2015 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: finance a car or lease it
Replies: 11
Views: 639

Re: finance a car or lease it

I'll direct this to the OP, so please don't jump all over me for the un-BH thing I'm about to say. I'm in my early 60s, so I could actually be a grandfather instead of father to my kids. For my peace of mind, I have purchased cars for my kids. They can buy cars for themselves later on. I am in a po...
by Leesbro63
Mon Jul 27, 2015 5:31 pm
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 69
Views: 5743

Re: 50/50 asset allocation

rca1824 wrote:I would love for there to be a bear market. I would get to use my job income to buy more stocks, and rebalance my 10-25% bonds into equities.


So long as the bear market doesn't eliminate job income :wink:
by Leesbro63
Mon Jul 27, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2436

Re: Durability of consumer goods

1969 and even 1992 cars should not be daily drivers IMHO. Safety advances since then negate any financial savings for keeping a car that long.
by Leesbro63
Mon Jul 27, 2015 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: finance a car or lease it
Replies: 11
Views: 639

Re: finance a car or lease it

Buy a car he can afford to OWN FREE AND CLEAR in 36 (maybe 42) months. Failure to do so with his first car will set junior up on a bad path/pattern for the rest of his life, probably.
by Leesbro63
Mon Jul 27, 2015 10:08 am
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2436

Re: Durability of consumer goods

Good tires. Often Michelin. I'm telling you that's it around here. Lots of hills...think of what constant braking does to tires.
by Leesbro63
Mon Jul 27, 2015 8:39 am
Forum: Personal Consumer Issues
Topic: Low mileage oil change
Replies: 35
Views: 3487

Re: Low mileage oil change

My guess is that even if you leave oil in the car for 3-4 years (which I would NOT do), this will end up being the second owner's problem, not your mother's.
by Leesbro63
Mon Jul 27, 2015 6:54 am
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2436

Re: Durability of consumer goods

Winter is also hard on tire in the rustbelt. Potholes, skidding, spinning, etc. I go through tires here every 18 months to two years. At best I can get 25,000 miles if there are no unusual events. I know others around here (Pittsburgh) who do a little better but overall it's just the cost of living ...
by Leesbro63
Fri Jul 24, 2015 11:25 am
Forum: Personal Consumer Issues
Topic: CrashPlan NOT a whole-drive system backup solution?
Replies: 29
Views: 1912

Re: CrashPlan NOT a whole-drive system backup solution?

DO NOT expect DROPBOX to be a "BACKUP". If you somehow trash files on your computer, Dropbox will assume you meant to delete them and will "sync" that delete. Yeah, supposedly you can get prior versions or deleted versions, but you might not even know what got deleted. It just do...
by Leesbro63
Thu Jul 23, 2015 11:42 pm
Forum: Investing - Theory, News & General
Topic: Vgpmx down 40%, time to buy?
Replies: 36
Views: 6795

Re: Vgpmx down 40%, time to buy?

Thinks for updating this post. Highlights the danger of trying to time market bottoms. Those who bought "at the bottom" when this thread last went cold in 2013 have lost half (ish) of their investment.
by Leesbro63
Tue Jul 21, 2015 5:05 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman Small Cap Value "Free Lunch"
Replies: 47
Views: 4045

Re: Paul Merriman Small Cap Value "Free Lunch"

I'm really surprised. The OP has 4,000+ posts and almost 5 years. This topic is discussed endlessly and to death here. Not much I can add. There are lumpers and there are S&Ders. From polls I've seen most here tilt (S&D). However, a significant minority go with something similar to the 3 fu...
by Leesbro63
Tue Jul 21, 2015 11:02 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman Small Cap Value "Free Lunch"
Replies: 47
Views: 4045

Re: Paul Merriman Small Cap Value "Free Lunch"

I am the original poster. I guess a summary of my thinking is that there is a nugget of good truth here wrapped up in advisor hype. Merriman says he sold his advisory business and makes no money and just wants to be a smart uncle type figure to educate people to invest well. But there does seem to b...
by Leesbro63
Tue Jul 21, 2015 11:00 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman Small Cap Value "Free Lunch"
Replies: 47
Views: 4045

Re: Paul Merriman Small Cap Value "Free Lunch"

. 1929-1932: Real Annualized Returns - at a time when unemployment also increased substantially -33.5% = 75% S&P500 : 25% 5 yr T-Notes -62.6% = 75% Dimensional US Small Value : 25% 5 yr T-Notes Free until you pay ... Robert . Robert: where did you get Dimensional US Small Value returns in 1929?...
by Leesbro63
Mon Jul 20, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman Small Cap Value "Free Lunch"
Replies: 47
Views: 4045

Paul Merriman Small Cap Value "Free Lunch"

I just listened to an interesting James Lange podcast with guest Paul Merriman. For the very first time it made me wonder if I am not missing the boat with the small cap value thing. Mr. Bogle says all you need is a 2 fund portfolio and the Vanguard Target funds are more or less that. Merriman says ...
by Leesbro63
Mon Jul 20, 2015 7:50 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle in this Month's Money Magazine
Replies: 79
Views: 8097

Re: Jack Bogle in this Month's Money Magazine

Do valuations not matter? Didn't Bogle shift allocations during the late 90s? Seems to me like valuations matter and foreign is looking much better. Not sure why we should form any conclusions from 10-20 years of performance. Hope non of you guys are small value filter cuz it seems like you will ab...
by Leesbro63
Mon Jul 20, 2015 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7583

Re: Why did you take SS at FRA instead of delaying until 70?

I am afraid I have lost my respect for Kotlikoff after his over-the-top alarmism, first in Close Your Brokerage Account! , and more recently in The latest Social Security horror story . His stuff is so full of spin and sensationalism that it's hard to judge the value of whatever kernels of truth ma...
by Leesbro63
Sun Jul 19, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7583

Re: Why did you take SS at FRA instead of delaying until 70?

There are many reasons why people choose to take early. Over 95% take it before 70. So it is not 100% a financial calculation. All the articles focus on the financial calculation. Thats what they need to write about isn't it? Shame people to make them feel bad that they did. We both took it at 62. ...
by Leesbro63
Sun Jul 19, 2015 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7583

Re: Why did you take SS at FRA instead of delaying until 70?

I recently heard a James Lange podcast where he quoted SS expert Lawrence Kotlikoff. Kotlikoff says it doesn't matter if you delay to age 70 and die before break even at about age 84....YOU'RE DEAD! His point is that the big risk is living...longevity....and that if you can delay to 70, doing so is ...
by Leesbro63
Sat Jul 18, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Put checking accounts in living revocable trusts?
Replies: 14
Views: 1123

Re: Put checking accounts in living revocable trusts?

When my wife and I funded our revocable trust, our lawyer firmly told us NOT to include the checking account. The reason was that access to the checking account by the survivor may not be immediately possible at our individual death. He suggested that we keep that as a joint account. All other asse...
by Leesbro63
Fri Jul 17, 2015 4:02 pm
Forum: Personal Consumer Issues
Topic: The " Corolla" investment....
Replies: 51
Views: 5660

Re: The " Corolla" investment....

We had a 93' but the harsh winters and salt ultimately got to the bottom, brake lines, gas tank, etc. That was a wonderful car, still miss it. My observation is that people in the sunbelt don't understand this, although I envy the fact that they don't! Even long before cars get to the point you out...
by Leesbro63
Fri Jul 17, 2015 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score Question - Credit Cards
Replies: 37
Views: 3014

Re: Credit Score Question - Credit Cards

To be honest, the BROKERAGE BONUSES have been a bigger bonanza. Unfortunately I think they keep good records and are unlikely to pay for "new money" that was there before, for a prior bonus, then moved after the required holding period. Anyway, I don't get crazy with the brokerage bonus th...
by Leesbro63
Thu Jul 16, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1456

Re: Should we go without Health Insurance for 5 Days?

The problem is that it's like fire insurance for your house. The odds of it burning down are slim, but the consequences are huge. I'd probably try to find some sort of ACA plan that has the biggest out of pocket but smallest premium. Even if just for 1 month.
by Leesbro63
Wed Jul 15, 2015 11:30 pm
Forum: Personal Consumer Issues
Topic: The " Corolla" investment....
Replies: 51
Views: 5660

Re: The " Corolla" investment....

darrellr wrote:
Yes buying new is a "boglehead violation" ...


Nope! This is just not true. What's a violation is buying new every few.
by Leesbro63
Wed Jul 15, 2015 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score Question - Credit Cards
Replies: 37
Views: 3014

Re: Credit Score Question - Credit Cards

Slightly off topic but maybe you are the person to ask: I just got a Chase Sapphire card with 45000 "Ultimate Rewards" points. I am not an "international traveler", but suppose I would consider buying such a ticket for a family member. What's the best use of these points? Or even...
by Leesbro63
Wed Jul 15, 2015 3:38 pm
Forum: Personal Consumer Issues
Topic: Car Tire Question
Replies: 13
Views: 960

Re: Car Tire Question

The guidelines I have always seen are: 2/32 - replace 4/32 - replace if regularly driving in rain 6/32 - replace if regularly driving in snow I think I would probably go ahead and replace these before winter (all 4). OEM tires are generally pretty poor anyway and my experience and it's just not wor...
by Leesbro63
Wed Jul 15, 2015 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score Question - Credit Cards
Replies: 37
Views: 3014

Re: Credit Score Question - Credit Cards

The upside is that I fly to Europe and S America every year, sometimes stay in luxury hotels, and never pay for any of it. I haven't bought a plane ticket in at least a decade. Just at how much work and how complicated it it to do this? I read about people like you on different sites but wonder how...
by Leesbro63
Wed Jul 15, 2015 11:08 am
Forum: Personal Consumer Issues
Topic: Car Tire Question
Replies: 13
Views: 960

Re: Car Tire Question

The car has done well the past two (nasty) winters with the all-season tires. Snow tires are a PITA. Yeah, I get it that they do add extra traction/safety. But the whole "extra wheels or mount on and off the original wheels" thing is a royal PITA. Beyond my comfort zone considering how wel...
by Leesbro63
Wed Jul 15, 2015 10:30 am
Forum: Personal Consumer Issues
Topic: Car Tire Question
Replies: 13
Views: 960

Re: Car Tire Question

Got it. I think I'll either replace all 4 now or wait until Thanksgiving (when winter really kicks in around here) and replace all 4 then. Meantime skipping the currently-due 5000 mile rotation thus leaving the oddball tire on the rear. Thank you all.
by Leesbro63
Wed Jul 15, 2015 10:21 am
Forum: Personal Consumer Issues
Topic: Car Tire Question
Replies: 13
Views: 960

Re: Car Tire Question

TheGreyingDuke wrote:Mixing tires, especially on one axle, is not encouraged. If I had to do it (dire financial concerns, eg) I would put the mismatched pair on the rear of a front wheel drive vehicle.


How could you NOT mix, on the same axle, a single "different brand" tire?
by Leesbro63
Wed Jul 15, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: Car Tire Question
Replies: 13
Views: 960

Car Tire Question

Minor issue question: We have a 2014 Toyota Corolla with 16,500 miles that is approaching 2 years old (bought Aug 2013). Three of the original Firestone tires now have about 6 to 7/32nds left on them. The other tire I trashed in a pothole last winter and purchased an "off brand" replacemen...
by Leesbro63
Tue Jul 14, 2015 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Grown Children as beneficiaries
Replies: 33
Views: 3227

Re: Grown Children as beneficiaries

I was beginning to think I was the only one on this forum who believes it is ok to give children different shares. To take an extreme example, if I had a child who chose to spend his/her money on drugs or alcohol and was only sporadically employed as a result, I would not want to leave him/her very...
by Leesbro63
Tue Jul 14, 2015 4:48 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle in this Month's Money Magazine
Replies: 79
Views: 8097

Re: Jack Bogle in this Month's Money Magazine

It might be that WB MEANT "Total Market". He's old and old school :wink: and long before Bogleheads "An S&P500 Fund" was the generic term for "buying the market".
by Leesbro63
Tue Jul 14, 2015 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Grown Children as beneficiaries
Replies: 33
Views: 3227

Re: Grown Children as beneficiaries

I guess this boils down to how much the OP wants to help to reward/help his youngest and punish the spendthrifts versus how badly he hopes that all 3 siblings will be close. It really won't matter to him once everything is out in the open because he will be dead!
by Leesbro63
Tue Jul 14, 2015 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Grown Children as beneficiaries
Replies: 33
Views: 3227

Re: Grown Children as beneficiaries

Thanks LadyGeek. I do have a high 5 figure online savings account ( and she's listed as a co-owner). My life insurance (135K) and other assets (2 Individual Stocks) + pension payments, etc to provide for my final expenses are indicated in my will, and after those expenses are taken care of, she and...
by Leesbro63
Mon Jul 13, 2015 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Grown Children as beneficiaries
Replies: 33
Views: 3227

Re: Grown Children as beneficiaries

Another idea is a separate life insurance or "PAYABLE UPON DEATH" account (if you have the moeney) for the youngest child with habits like yours. You could leave your retirement account equally but also have some sort of "bonus" account that goes directly to the "good" ...
by Leesbro63
Sun Jul 12, 2015 8:01 pm
Forum: Personal Consumer Issues
Topic: Mini-split air conditioner
Replies: 15
Views: 1700

Re: Mini-split air conditioner

Have you looked into the Ecobee thermostat? It allows for "multiple zones", I put "multiple zones" in parentheses because it is not a true multi zone setup. The thermostat allows for multiple remote temperature sensors to be placed in the house. The thermostat then runs the HVAC...
by Leesbro63
Sat Jul 11, 2015 8:48 am
Forum: Personal Consumer Issues
Topic: Rental Car Accident Scam
Replies: 5
Views: 1350

Rental Car Accident Scam

My brother recently rented a car from a major car rental company. Unfortunately he hit another vehicle and did about $1000 damage to the rental car. The other vehicle had no damage and there was no claim from that driver. No one got hurt and there was no other property damage. The rental company tur...
by Leesbro63
Sat Jul 11, 2015 8:01 am
Forum: Personal Consumer Issues
Topic: New Car or 2014 Used Car Purchase?
Replies: 11
Views: 1154

Re: New Car or 2014 Used Car Purchase?

This basic thread keeps coming up here over and over. A few disagree, but many of us believe that buying NEW Hondas or Toyotas generally ends up costing less over the long haul than one that is 1, 2 or even 3 years old. Or might just cost a tiny bit more, but you get exactly what you want without an...
by Leesbro63
Fri Jul 03, 2015 10:20 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 19784

Re: Do you buy used cars like a Boglehead actually should?

bengal22 wrote:I always thought we adhere to the Boglehead investing philosophy so we don't have to buy used cars.


+1
by Leesbro63
Fri Jul 03, 2015 10:19 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 19784

Re: Do you buy used cars like a Boglehead actually should?

On the other hand, for those serious about not getting taken advantage of, information is more available than every before. With some easy internet research and a little bit of shopping and comparing, the guy who is willing to do some due diligence is in a better car buying position than ever before.
by Leesbro63
Wed Jul 01, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 135
Views: 10875

Re: Obsessing towards zero balance on credit card.

I have a friend who is a self proclaimed credit-score guru. He says "the game" is to pay all but $2 on the day BEFORE the card statement posts. This way it does two things: First it shows that you have huge untapped credit (except for the $2) and second it shows that the card is being used...
by Leesbro63
Wed Jul 01, 2015 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 4078

Re: Dependent Life claim denied

Just wanted to update everyone. I gave them time to work things out before I took the matter outside the company. They just called and they are paying the claim. I am really glad, I really did not want to escalate this outside the company. Thanks for all your suggestions on how to handle. Sorry abo...
by Leesbro63
Tue Jun 30, 2015 11:52 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 19784

Re: Do you buy used cars like a Boglehead actually should?

Correct. I do not live in the rust belt. Does that mean, even with an overpriced used car market, that the 7 year old car with 20k miles overpriced at $18,000 is still a better value numbers wise than the exact same car new at $35,000? You may be right in terms of dollars per mile. But comparing 7 ...
by Leesbro63
Tue Jun 30, 2015 4:38 am
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 19784

Re: Do you buy used cars like a Boglehead actually should?

I've read this entire thread and to the posters advocating buying a new car because the used car market is overpriced (which I whole heartedly agree), would you please mathematically detail the financial advantage in buying a new car vs a used car? How is buying a 2015 model XYZ for $35,000 new bet...
by Leesbro63
Sun Jun 28, 2015 7:02 am
Forum: Personal Consumer Issues
Topic: 2014 Lexus ES350
Replies: 37
Views: 3928

Re: 2014 Lexus ES350

I think the Avalon is meant to fill the "old man's car" niche on purpose. That's Toyota's Buick/Lincoln competitor. Hey, old men have to make that trek from the rustbelt to their condo in Florida every year!

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