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Re: How do you wash your car?

I bought my car used over ten years ago and I have never washed it. This thread confuses me.

I admit that the grey grime from winter road-salting occasionally makes me impatient for the next rain shower.
by SamGamgee
Wed Oct 22, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 6361

Re: Those under 35 with a child 5 or under: Costs of child?

Having children is kind of like going into a store that sells wine or cigars and asking for a recommendation.

"How much do you want to pay?"
by SamGamgee
Tue Sep 30, 2014 3:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4429

Re: Is this realtor lying to me?

I just want to post some anecdotal evidence to the contrary of most responses: I asked the same question on a different forum, and a couple of people stated that their pre-approval letter explicitly states that the lender will not lend the money if the appraisal comes in lower than the purchase pric...
by SamGamgee
Fri Jul 18, 2014 7:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this realtor lying to me?
Replies: 27
Views: 3437

Re: Is this realtor lying to me?

Thanks niceguy and anil. If what you are telling me is true in NJ, then we'll be fine. Appraisal may come in a couple percent low, whereas the buyer is only financing about 50% of the contract price, so they will be well under 80% regardless.
by SamGamgee
Thu Jul 17, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this realtor lying to me?
Replies: 27
Views: 3437

Re: Is this realtor lying to me?

I tend to agree with the realtor on this one, but I could be lying to you. Why don't you call up a mortgage broker or bank yourself and ask? Because I have a whole internet of well-informed individuals at my finger tips, whereas a single broker who happens to pick up the phone might be ignorant or ...
by SamGamgee
Thu Jul 17, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this realtor lying to me?
Replies: 27
Views: 3437

Re: Is this realtor lying to me?

A quick Google search suggests your realtor is not outright lying to you. There are solutions for low appraisals, though, such as paying the difference in cash (which is possibly what your realtor is saying). What does this mean? The buyer pays the bank the difference? They buyer pays me the differ...
by SamGamgee
Thu Jul 17, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this realtor lying to me?
Replies: 27
Views: 3437

Is this realtor lying to me?

We are selling our hobbit-hole home. Because of a lack of adequate comps, it is likely that an appraisal would come in at or below the amount the buyer is offering. Let's assume that the true market value is higher. The buyer's agent tells me that if the appraisal comes in at less than the contract ...
by SamGamgee
Thu Jul 17, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this realtor lying to me?
Replies: 27
Views: 3437

Re: Getting toddler to brush their teeth

Let her brush her own teeth... but if she doesn't do a good job, then you get a turn.
by SamGamgee
Wed Jul 02, 2014 9:36 am
 
Forum: Personal Consumer Issues
Topic: Getting toddler to brush their teeth
Replies: 53
Views: 2713

Re: POLL: Mortgage as a negative bond

A change in my mortgage or my home equity would not cause a change in the asset allocation of my retirement investments. I don't see any way to enhance my position by doing so. They seem unconnected. I cannot rebalance between a 401k and a mortgage, and a change in bond yields does not affect the si...
by SamGamgee
Tue Jul 01, 2014 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Mortgage as a negative bond
Replies: 89
Views: 3098

Re: Roth IRA & Savings Towards a Goal

No, I wouldn't take a loan out to invest that money.


My point was: Choosing not to pay down your debt with your investment money is basically the same thing as what you say you wouldn't do.
by SamGamgee
Thu Jun 26, 2014 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA & Savings Towards a Goal
Replies: 8
Views: 653

Re: Roth IRA & Savings Towards a Goal

That's absolutely fine. What are your debts though? I have approximately $8,000 in subsidized student loans. I will be paying those over my graduate school career as they won't accumulate any interest. I also have a car loan for $10,000 that is .9% interest, So I am not entirely concerned about qui...
by SamGamgee
Wed Jun 25, 2014 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA & Savings Towards a Goal
Replies: 8
Views: 653

Re: How much car can I afford while paying cash? Details ins

OP -- Nobody should be spending that kind of money on a car who isn't already financially independent. You may feel like you're rolling in dough now, but suppose the two of you decide that you want to have a few kids, and your spouse wants to be a stay-at-home parent? I'm not sure if that's your pla...
by SamGamgee
Mon Jun 23, 2014 2:24 pm
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4222

Re: Pre-nup at only $1M networth, do I need it?

My sense of things is that the OP must decide for himself whether a pre-nup is required. Only his gut can answer that question. My advice goes like this: If your gut tells you that you don't need a pre-nup, get married without a pre-nup. If your gut tells you that you need a pre-nup, walk away. Just...
by SamGamgee
Thu May 29, 2014 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 13069

Re: Help me understand Jemstep vs FutureAdvisor Recommendati

I'm not sure this forum is big enough for the both of us.

Both of our usernames, I mean. :)
by SamGamgee
Wed May 28, 2014 7:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me understand Jemstep vs FutureAdvisor Recommendations?
Replies: 5
Views: 767

Re: House Hunting - 2 Questions

My comment is that you shouldn't include the value of your home in your net worth calculation. The money you pay to buy the house is an expense. The mortgage (if any) is a debt. That's the end of it. If you want to spend a million dollars on a house, go ahead. If you have the ability to pay cash, I ...
by SamGamgee
Wed May 07, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: House Hunting - 2 Questions
Replies: 20
Views: 2191

Re: Can you raise kids in a townhouse?

We live in a townhouse. We have 4 kids. It's a townhouse complex in a nice suburban town, so the atmosphere is great. We like our neighbors. We like that there are other kids playing in the common courtyard where our kids play -- basically a shared front yard. Things are a little tight for a family ...
by SamGamgee
Fri May 02, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you raise kids in a townhouse?
Replies: 35
Views: 3485

Re: Convince me to get a credit card

TFinator wrote:When I don't find a topic interesting, well thought out, or if I find it annoying, I tend to not read it and I don't comment.


+1
by SamGamgee
Wed Mar 26, 2014 7:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 101
Views: 55347

Re: our renters want to buy our rent house

Tell them to save up a downpayment, obtain financing, and then make you an offer.
by SamGamgee
Tue Mar 25, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: our renters want to buy our rent house
Replies: 20
Views: 2637

Re: Convince me to get a credit card

bottlecap wrote:No. I don't like being ordered around.

JT


Come on guys, all these non-responses are getting tiresome. OP's request was perfectly clear.
by SamGamgee
Mon Mar 24, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 101
Views: 55347

IRA contribution recharacterization question

I goofed when trying to set up a ROTH IRA. I fixed the mistake with a recharacterization. Do I need to refile my taxes? Here's the timeline: Feb: I file my 2013 tax returns and receive my refunds. March: I get a bonus at work and decide (at long last) to open up a ROTH IRA. I make a small contributi...
by SamGamgee
Fri Mar 21, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: IRA contribution recharacterization question
Replies: 1
Views: 113

Re: Phone calls trying to sell me stocks

So this was a new experience this morning. I got a call a few minutes ago from a number I didn't recognize. I picked up anyway, and got this call: "Hello, [my name]. This is [missed the name] with [my cousin's first name, who lives in the area code being called from, probably a coincidence]&qu...
by SamGamgee
Wed Mar 19, 2014 11:58 am
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 2643

Re: What If Long-Term Thinking Really Catches On?

It's self-correcting. The fewer people there are doing fundamental analysis (valuing a stock by valuing the business itself), the better fundamental analysis pays.
by SamGamgee
Wed Mar 12, 2014 7:35 am
 
Forum: Investing - Theory, News & General
Topic: What If Long-Term Thinking Really Catches On?
Replies: 21
Views: 2084

Re: How much do I need a month?

Wow, 92K a year is a lot to save. We can save 4k a month but can't do 7K. Thanks. Suppose inflation is 3% and you increase your savings along with inflation. If your savings earn 5% per year excess of inflation, it would take you 33-34 years to save up $4 Million in today's dollars. Is that helpful?
by SamGamgee
Mon Mar 10, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do I need a month?
Replies: 9
Views: 1031

Re: HELP! Medical costs

Place a phone call to the guy who hit you. Record the call. Act friendly but complain to him about the size of the hospital bill. Maybe you get him to say something incriminating. I believe recording a phone call without the other party's knowledge and permission is a crime. I doubt he will agree t...
by SamGamgee
Thu Feb 27, 2014 9:35 am
 
Forum: Personal Consumer Issues
Topic: HELP! Medical costs
Replies: 57
Views: 3364

Re: HELP! Medical costs

Place a phone call to the guy who hit you. Record the call. Act friendly but complain to him about the size of the hospital bill. Maybe you get him to say something incriminating.
by SamGamgee
Thu Feb 27, 2014 9:04 am
 
Forum: Personal Consumer Issues
Topic: HELP! Medical costs
Replies: 57
Views: 3364

Re: Kid on the way... Can wife stay at home?

- Our Home : As some have assumed, we're certainly in a HCOL area and are by no means living extravagantly. The downgrade options are condos and rentals - or sacrificing some comfort/safety in a different area - none of which are appealing options. The wife would go back to work full-time before th...
by SamGamgee
Mon Feb 24, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kid on the way... Can wife stay at home?
Replies: 34
Views: 2635

Re: Kid on the way... Can wife stay at home?

If having mom stay home is your top priority, you can certainly do that. But everything else must become negotiable (house, cable, etc) We are currently bursting at the seams -- a family of six in a 3BR townhouse. Luckily I make enough that a move is possible, and we are currently house searching. H...
by SamGamgee
Mon Feb 24, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Kid on the way... Can wife stay at home?
Replies: 34
Views: 2635

Re: Consulting on the side

The taxes shouldn't be that hard. File a Schedule C with your tax return. Make sure to keep a written record of your direct expenses and car mileage if you have to travel to perform the service. Depending on what you are doing, check to make sure that you know what your liability insurance does and...
by SamGamgee
Fri Jan 03, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting on the side
Replies: 4
Views: 261

Consulting on the side

Do any bogleheads have resources that they recommend for someone considering doing some consulting work on the side (while working full time.) ? I already know what my niche is and I'm not terribly interested in networking. What happens is that I have people I know socially asking me for help becaus...
by SamGamgee
Fri Jan 03, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting on the side
Replies: 4
Views: 261

Re: Thinning hair/ hair loss products

I've been giving myself a buzz cut for years. Nothing to it. Just put your head over the sink and go for it.
by SamGamgee
Wed Nov 20, 2013 8:16 am
 
Forum: Personal Consumer Issues
Topic: Thinning hair/ hair loss products
Replies: 35
Views: 3640

Re: Cheapest way to move long distance

Thanks for all the thoughts, so far. Regarding one way rentals, I had checked using Costco (she is not a member, but just to get an idea of possible rates). The one way cost for a week was at least $1200, plus I don't think she has a credit card so she would have to pay for the rental insurance. Wi...
by SamGamgee
Tue Oct 08, 2013 11:37 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3542

Re: Cheapest way to move long distance

Why not rent a more reliable minivan for about $100/day? Most national rental agencies will let you return a vehicle at a different city than you rented it from -- just let them know in advance. Then you don't have to worry about being able to sell it later. One way rentals are crazy expensive. Is ...
by SamGamgee
Tue Oct 08, 2013 8:53 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3542

Re: Cheapest way to move long distance

Why not rent a more reliable minivan for about $100/day? Most national rental agencies will let you return a vehicle at a different city than you rented it from -- just let them know in advance.

Then you don't have to worry about being able to sell it later.
by SamGamgee
Tue Oct 08, 2013 7:58 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3542

Re: Planned Badly and Facing a Layoff

Can you relocate to a cheaper place while in NYC? If you only expect to be there for a year or so, I bet you could put up with a little studio apartment somewhere, maybe in NJ. Run the numbers and see how much money you'd save.
by SamGamgee
Tue Oct 01, 2013 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Planned Badly and Facing a Layoff
Replies: 35
Views: 4682

Re: Investing in TIPS

I regard equities as being _roughly_ adjusted for inflation on an ongoing basis, so as long as I have a high proportion of my assets in equities, I don't bother with TIPS. If I were older, with less that 50% equities, I would definitely consider adding TIPS. One rule of thumb might be 50% - %equitie...
by SamGamgee
Thu Sep 26, 2013 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in TIPS
Replies: 2
Views: 391

Re: Going without a pre-nup?

TRUE LOVE, GUYS. TRUE LOOOOOOOOVE!!!!!
by SamGamgee
Tue Sep 24, 2013 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13961

Re: Going without a pre-nup?

It's a very interesting thought experiment. In my opinion, no one should ever get married under your scenario. I wouldn't. Doesn't mean I'd be alone... I could certainly live with a woman, even have kids without the legal document of marrying her with the rules laid out above. I doubt very many men...
by SamGamgee
Tue Sep 24, 2013 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13961

Re: Going without a pre-nup?

Did you have significant assets when you were married? He has more options that what you outlined. The OP's question isn't unreasonable. He probably worked hard to get where he was at and this person came later. That's just how life and love works. I'm sure he trusts her 100% or he wouldn't even be...
by SamGamgee
Tue Sep 24, 2013 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13961

Re: Going without a pre-nup?

1) Find a woman so trustworthy and wonderful that the idea of needing to get a prenup makes you laugh. This is akin to picking a winning active mutual fund. The problem is you can only know after the fact. To clarify, option #2 (don't marry) is meant to be a real possibility. If you feel this way, ...
by SamGamgee
Mon Sep 23, 2013 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13961

Re: Going without a pre-nup?

My advice is different from most bogleheads. Don't get a prenup. I advise you to do one of two things. 1) Find a woman so trustworthy and wonderful that the idea of needing to get a prenup makes you laugh. or 2) Don't get married. I was lucky enough to succeed in option #1. I wish you the best.
by SamGamgee
Mon Sep 23, 2013 7:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13961

Re: Affording stay at home parent

As illustrated in this thread, the decision is essentially about what your core values are. Make a decision about that, and the path will be obvious.
by SamGamgee
Wed Sep 18, 2013 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affording stay at home parent
Replies: 74
Views: 7471

Good day to rebalance?

I know stocks are very close to a random walk, but it sure was easy to rebalance out of equities this afternoon! I'm now in less than 66% equities for the first time ever. I feel good about it.

Less than two-thirds equities? I must be getting old. :)
by SamGamgee
Wed Sep 18, 2013 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Good day to rebalance?
Replies: 20
Views: 1602

Re: Cheap options for sit/stand desk?

I stand at my desk and use these to prop up my keyboard and monitor. Since I'm not able to lower my equipment easily, I also have a bar stool to sit on, which gets me up to the right height. http://www.amazon.com/ClosetMaid-896300-Horizontal-Laminate-Organizer/dp/B002IT6DHA/ref=sr_1_12?ie=UTF8&q...
by SamGamgee
Wed Sep 18, 2013 7:12 am
 
Forum: Personal Consumer Issues
Topic: Cheap options for sit/stand desk?
Replies: 18
Views: 2785

Re: Car Payment Issues

Let's assume he cuts his spending generally and is looking for a part-time second job. What else can he do? Here's what I would do: 1) Cancel the insurance and keep the car parked somewhere, unused. (look for a free bike on craigslist maybe) 2) Try to borrow $5000 if at all possible. Assuming that f...
by SamGamgee
Mon Sep 09, 2013 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Payment Issues
Replies: 38
Views: 2923

Re: Can I get the bank to allow me to rent out my place?

How long until the year is up? Why not just wait? You say you "just refinanced" but if that refinance was less than 6 months ago, didn't it occur to you then that it would be nice to be closer to the school? Usually you have to apply to private schools by about January. Refinanced about 1...
by SamGamgee
Mon Sep 02, 2013 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 2048

Re: Can I get the bank to allow me to rent out my place?

4. I suspect (not 100% sure) that a big concern of the bank is that you did not have all this planned in advance of the re-finance. If or when you approach the bank, state your case so that it does not appear that this was "pre-meditated". I suspect that the language in your contract may ...
by SamGamgee
Sat Aug 31, 2013 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 2048

Re: Can I get the bank to allow me to rent out my place?

Unless either you are dealing with a bank located across the street from the house, or you stop paying the loan, they aren't going to have any idea that you're renting it out. Just step back and think about it. There is no bank "rental prevention inspector." Just make sure you keep your l...
by SamGamgee
Sat Aug 31, 2013 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 2048

Re: Can I get the bank to allow me to rent out my place?

prudent wrote:Are you going to get a mortgage on the place you're moving to?


It's possible, but we have the option to rent a place in our desired area on a month-to-month basis while we do a house search.

EDIT: within the first year some time we would probably get a mortgage on a new place.
by SamGamgee
Sat Aug 31, 2013 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 2048

Can I get the bank to allow me to rent out my place?

I am interested in renting out our primary residence, which was just refinanced. It's a condo. There's no extenuating circumstances, but we would like to move closer to the private K-12 school my children will be attending beginning this year. We haven't advertised, but we happen to know someone tha...
by SamGamgee
Sat Aug 31, 2013 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 2048
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