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Re: Adj Complife (whole life ins) advice

Just doing a 30 second search over at Zander.com, $818/yr is about what it costs for a $1.5 million 20-year term policy on a 41 year old non-smoking lady in good health. I'm sure others on this form can give you better advice on whether or not to ditch the whole life policies...the first step usuall...
by YttriumNitrate
Wed Sep 17, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 10
Views: 650

Re: Self-insurance option for auto insurance in TX (601.122)

Why would anyone want to do this, unless they are denied coverage by every insurer? A person under this statue is defined to include corporations. It might make good sense for a corporation with a large fleet (think FedEx or UPS) to self insure in which case they would need to make a deposit with t...
by YttriumNitrate
Tue Sep 16, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self-insurance option for auto insurance in TX (601.122)
Replies: 12
Views: 916

Re: Low down payment and invest or big down payment?

I've always been averse to debt and always thought putting 20% down minimum for home loan was the way to go, if not more. I was working towards 35%. A friend said he put 5% down, got 3% interest/30 yr fixed and invests what would have been the 20% downpayment. He thinks he can always get more than ...
by YttriumNitrate
Tue Sep 16, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low down payment and invest or big down payment?
Replies: 7
Views: 1097

Re: What evidence would prove the Boglehead mentality wrong?

A giant meteor heading towards the earth would generally prove the Boglehead mentality wrong.

At that point, passively investing in stocks/bonds would be sub-optimal because you would have been better off blowing the money on good whiskey and Cuban cigars.
by YttriumNitrate
Tue Sep 16, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 16358

Re: Young Guy, Probably Not Going To Live A Long Time

Do you plan on blowing this money before you go, or are you hoping to leave it for someone? If you plan on leaving it for someone, just imagine the money is already theirs and invest it how you believe they should be investing. I'd probably try to spend all of it, so keeping it in a ~1% checking acc...
by YttriumNitrate
Mon Sep 15, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Young Guy, Probably Not Going To Live A Long Time
Replies: 30
Views: 4382

Re: Why do so many think their home is a foolproof investmen

Until the rise of cash-out refinancing / interest only loans, homes were often good investments simply because they forced people to save a bit every month. It's easy to cut back on your retirement saving to buy the latest do-dad or whatchamacallit, but only the biggest spendthrifts would put a big ...
by YttriumNitrate
Sat Sep 13, 2014 9:15 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6655

Re: Electronic rent payments

I used to have it set up so that every month a check would automatically be mailed to my roommate. It was easier than having to write a check and walk all the way down the hall to his room :D , the bank didn't charge for the service, and my roommate liked it because he no longer had to remind me tha...
by YttriumNitrate
Fri Sep 12, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Electronic rent payments
Replies: 15
Views: 1392

Re: Calculated Spending: Cars

My general thought is to drive a car that you don't want or need comprehensive insurance. It's a simple test that takes into account income, assets, and risk tolerance.
by YttriumNitrate
Thu Sep 11, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2972

Re: Experience with dealer finding the exact car you want?

I've had great experiences with Truecar.com in finding the exact car I wanted...not actually buying through Truecar, but quoting the Truecar price and threatening my local dealer that if I didn't get the exact car/price quoted online I would just drive 140 miles to pick up the car at the other deale...
by YttriumNitrate
Wed Sep 10, 2014 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1831

Re: Hiring your kids

If you hired them, and they worked enough to earn 6K, how do you know they would want to put their money into a Roth? Even if Southwest_Stacker's kids decide to blow their money on video games (or whatever 12 year olds are buying these days), Southwest_Stacker could still give his kids $5500 in bro...
by YttriumNitrate
Wed Sep 10, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hiring your kids
Replies: 34
Views: 2136

Re: Injury on MBTA: Financially worth it to hire an attorney

An easy way to see if it would be worthwhile to hire an attorney is to go talk to one that works on contingency. If an attorney, who is familiar with the local courts/laws, declines to take the case because of the amount of work involved and/or the low likelihood of a payout then you should probably...
by YttriumNitrate
Sun Sep 07, 2014 7:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Injury on MBTA: Financially worth it to hire an attorney?
Replies: 27
Views: 2114

Re: Whole of Life x2

So in other words, forget about this as being insurance, think of it as bonds, and set up a separate term insurance policy to cover me till I'm 65 or when I no longer need insurance etc? Even if you decide to keep your current whole life insurance policies, I'd strongly recommend getting some term ...
by YttriumNitrate
Sun Sep 07, 2014 7:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Whole of Life x2
Replies: 13
Views: 1134

Re: Anyone have experience with AtticFoil Radiant insulation

To actually get a decent benefit, you would put want to put the foil on the outside of the roof to reflect back some of the heat from that 10 million degree ball in the sky that keeps showing up every day. Since foil doesn't hold up very well to rain/wind/hail/etc. I covered my roof in reflective sh...
by YttriumNitrate
Fri Sep 05, 2014 3:04 pm
 
Forum: Personal Consumer Issues
Topic: Anyone have experience with AtticFoil Radiant insulation
Replies: 12
Views: 808

Re: "Student loan debt: How much is too much?"

The income edge a college education can give graduates is growing. A Pew Research study from earlier this year found the gap between average annual earnings for millennial college graduates and their high school grad counterparts in 2013 was $17,500. Over the course of a 40-year career, that adds u...
by YttriumNitrate
Fri Sep 05, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: "Student loan debt: How much is too much?"
Replies: 6
Views: 1130

Re: Market at a all time high ( Sept 2014) , time to cash ou

All time high at Dow 17,000? Pfft...I'm looking for the Dow to be above 100,000 when I start cashing out. Getting out early are you? I'm looking for 1,000,000 - the real two comma club! :moneybag :greedy :moneybag I commend your work ethic for not wanting to retire until 2057*, but I've got far too...
by YttriumNitrate
Thu Sep 04, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 4011

Re: Market at a all time high ( Sept 2014) , time to cash ou

All time high at Dow 17,000? Pfft...I'm looking for the Dow to be above 100,000 when I start cashing out.
by YttriumNitrate
Thu Sep 04, 2014 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 4011

Re: Is a college degree really worth what it costs?

Dead last in ROI on that list is Shaw University...looking at their web page, they offer: Undergraduate degree programs leading to the Bachelor of Arts, Bachelor of Science, or Bachelor of Social Work. In addition, graduate level degrees are also offered leading to the Master of Divinity, the Master...
by YttriumNitrate
Tue Sep 02, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is a college degree really worth what it costs?
Replies: 33
Views: 1856

Re: Do I need to see my credit report?

LeeMKE wrote:You are fine. A score of 776 will get you the best rate in most US markets.

That's generally true as long as you are not getting a jumbo loan, in which case 800+ is often needed for the best rate.
https://www.53.com/wholesale-mortgage/wholesale-rate-sheets.html
by YttriumNitrate
Tue Sep 02, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to see my credit report?
Replies: 37
Views: 2290

Re: Your thoughts on farmland values

I recently bought 80 acres in Indiana, and paid in total 550,000. I earn 14,000 from cash rent after property taxes and insurance I earn 9,000. So from a cash rent perspective it will take me a very long time to pay off. I have noticed as of late that very bad ground (sandy, clay) will go for 8,000...
by YttriumNitrate
Sun Aug 31, 2014 8:20 am
 
Forum: Investing - Theory, News & General
Topic: Your thoughts on farmland values
Replies: 29
Views: 2563

Re: Do you have class?

How does paying your cc balance off in time with zero interest benefit the cc company??? The last time I checked, credit card companies charge the merchants around a 2.9% fee on every transaction. For the good rewards cards, two thirds of that 2.9% fee is given back to the consumer and the 0.9% cov...
by YttriumNitrate
Sun Aug 31, 2014 7:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have class?
Replies: 15
Views: 1663

Re: which engine and transmission options to choose for Taco

Will also be used to haul small loads to and from Lowe's about one time per month... Okay- two last decisions that I have to make: Engine 2.7 liter 16 valve 4 cylinder, 159hp @5200rpm, 180lb-ft@3800rpm (gets 2.5 miles per gallon more than 4.0) 4.0 liter 24 valve V6, 236 hp@5200 rpm, 266lb ft @4000 ...
by YttriumNitrate
Sat Aug 30, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 44
Views: 2540

Re: Poll: How many own zero/few stocks?

Based on these responses so far, I feel like a wild and crazy guy for having a whopping 15% of my portfolio in individual stocks...
Image
by YttriumNitrate
Fri Aug 29, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2868

Re: Is it me, or are "collectibles" worthless in 2014?

Just an aside on estate sales. I used one for the "heirlooms" (and everything else) after my Mom died. Prepare to be amazed. Example: 1940 hand-made Grandfather clock. Beautiful piece, 8 feet tall. We didn't want it; kids didn't want it. Apparently, nobody else wanted it, either. Out-the-...
by YttriumNitrate
Tue Aug 26, 2014 11:08 am
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6837

Re: Zegna Suits

While you can afford it, only you can decide if spending $4500 on a suit (plus whatever the wedding costs) is worth it. At least for my wedding, I went with an inexpensive suit since I figured everyone would be focusing their attention on the pretty girl standing next to me. My MAGI last year was ~ ...
by YttriumNitrate
Sun Aug 24, 2014 9:18 am
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 10392

Re: Is it me, or are "collectibles" worthless in 2014?

While I have no data to back it up, my general theory for collectables is that A) New things sold as collectables never will be, B) Toys that were "hot" become collectables 15-20 years and 45+ years after they were sold, and C) The higher the breakage rate, the better the collectable. Powe...
by YttriumNitrate
Sun Aug 24, 2014 8:06 am
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6837

Re: Tipping the virtual waiter/waitress?

I'd probably tip about the same as at a buffet restaurant....of course, how much to tip at a buffet is debatable.
by YttriumNitrate
Fri Aug 22, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tipping the virtual waiter/waitress?
Replies: 18
Views: 2103

Re: HELOC + Margin = $200k to play with

Gambler wrote:I have a $100k heloc at prime - 1% = 2.25%.
my brokerage margin rate = 3% for margins between $50k and $500k


BLACK! Put it all on black...don't listen to those market timing fools that talk about red being the better roulette color... :D
by YttriumNitrate
Fri Aug 22, 2014 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1894

Re: About to Order my first Mini Cooper S

At least on my wife's Subaru it has the automatic transmission with a pseudo manual option, but the Subaru engineers idiot proofed all the fun out of it. By golly, if I want the engine to be running at 7000 RPM while going 30 MPH I should be able to shift into a gear for that.
by YttriumNitrate
Wed Aug 20, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1313

Re: About to Order my first Mini Cooper S

(1) If I am buying a mini cooper and my preference is a manual transmission will selling it down the road be more difficult because nobody seems to drive manual anymore? Just a guess, but I'd say it depends. In the near term, you are decreasing the pool of potential buyers. However, if you keep the...
by YttriumNitrate
Tue Aug 19, 2014 1:38 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1313

Re: In-Law Financial Issues (long)

The OP isn't saying that he doesn't want them spending now because it will reduce his wife's inheritance. He is saying that every dollar they spend now is another dollar that him and his wife will likely have to spend supporting them later. I'm pretty sure Awval999's comment was in jest to drive ho...
by YttriumNitrate
Mon Aug 18, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4352

Re: Retirement luxury vehicle

I like posting this Scotty Kilmer video anytime someone posts about buying a used Mercedes:

Why Not To Buy A Mercedes
by YttriumNitrate
Mon Aug 18, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4672

Re: Berkshire Hathaway A's about to hit $200k/pps

Not that it really matters, but A shares have better voting rights per dollar.
by YttriumNitrate
Thu Aug 14, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Berkshire Hathaway A's about to hit $200k/pps
Replies: 42
Views: 2936

Re: How much life insurance? 29 year olds

How boglehead-ish are you with your savings rate? I was thinking about going with the 30 year term instead of the 20 year term until I realized that if I make it another 20 years the amount I'm getting insured for will likely be chump change.
by YttriumNitrate
Wed Aug 13, 2014 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much life insurance? 29 year olds
Replies: 16
Views: 1542

Re: Selling Stock for Down Payment on a House

Google Finance's chart says there were two splits that have happened (2:1 in September of 1997 and 2:1 June of 2004) for P&G since September of 1993. Their charts also say the split adjusted share price back in September 1993 was $12. So, if you have 1,000 shares at $81 today, you have a gain of...
by YttriumNitrate
Wed Aug 13, 2014 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling Stock for Down Payment on a House
Replies: 5
Views: 562

Re: Motorcycle for short commute?

My commute is about ten minutes drive or a half hour walk and doesn't involve any highway driving. The walk has become somewhat impractical though, as temperatures in my area are regularly above 100 degrees every day right now. Deodorant can only do so much...So I wanted to hear your thoughts, woul...
by YttriumNitrate
Tue Aug 12, 2014 6:14 am
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 67
Views: 4397

Re: Renting forever: financial suicide?

San Francisco's price-to-rent ratio is now at 30-1. By comparison, Chicago and New York are at 16-1 and 15-1, respectively. A better question might be whether or not it would be financial suicide to extend yourself to buy a house in that market.
by YttriumNitrate
Mon Aug 11, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 92
Views: 11592

Re: Carry on Luggage Restrictions

Another two suggestions would be: 1. Even if you don't have a laptop, go to Goodwill and buy the largest laptop bag you can find to act as your "personal item" the airlines don't check to see if there is a computer or underwear in that bag. 2. Baggage has a typically has a weight limit whi...
by YttriumNitrate
Sun Aug 10, 2014 9:35 am
 
Forum: Personal Consumer Issues
Topic: Carry on Luggage Restrictions
Replies: 24
Views: 1849

Re: The Worst Investment You Can Make: Buying a Home

Rainier wrote:Pretty sure having kids is far worse. Who is going to write that article?

I believe the answer is: Deirdre McMurdy
Kidonomics: Why kids are the worst investment ever
by YttriumNitrate
Fri Aug 08, 2014 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16928

Re: What is "risk on, risk off" supposed to mean? Is it real

I'm pretty sure it has to do with fighting the Cobra Kai.

Image

That, or a situation where risk tolerance changes cause investors to shift from more risky investments to less risky ones, or vice versa.
by YttriumNitrate
Fri Aug 08, 2014 12:54 pm
 
Forum: Investing - Theory, News & General
Topic: What is "risk on, risk off" supposed to mean? Is it real?
Replies: 7
Views: 692

Re: Mulch, Rubber Mulch, or Rocks in Landscaping?

I use wood chips. In addition to often getting free chips delivered right to my door from tree trimming companies, they are much coarser than commercial mulch so it takes longer for them to break down.
by YttriumNitrate
Fri Aug 08, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: Mulch, Rubber Mulch, or Rocks in Landscaping?
Replies: 36
Views: 1919

Re: Marriage: Is it tax-friendly?

It looks like there have been several laws recently that have exacerbated the marriage penalty for high earners. Forbes Article In addition to income taxes, there can be other taxes hits for being married. For example, in Indiana a married couple living apart is only able to take one homestead exemp...
by YttriumNitrate
Wed Aug 06, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage: Is it tax-friendly?
Replies: 50
Views: 2738

Re: Eating while travelling

would you be surprised if a four-person (father, mother and two kids) family spends an average of $40 or so per meal (across three meals a day) when on vacation? Or would you budget food tighter? Thankfully, we did not average this for the duration of our vacation, but we did approach it for the da...
by YttriumNitrate
Tue Aug 05, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Eating while travelling [Food Budget]
Replies: 26
Views: 2190

Re: HELP! Budget Out of Control

His Life Ins $189 Her Life Ins $104 At 32 years old, it looks like you two were sold crummy whole life insurance policies, or are worth a heck of a lot more dead than alive. Get some term life insurance and then cancel the whole life plan. EDIT: Just ran a quick check, 32 year old non-smoker can ge...
by YttriumNitrate
Mon Aug 04, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELP! Budget Out of Control
Replies: 47
Views: 3798

Re: Term Life Insurance

I'm also in the process of doing the medical tests for term life. From what I recall, there was some question in the interview process that when something like "In the past three years have you had any medical tests indicating high blood pressure, high cholesterol, etc."
by YttriumNitrate
Mon Aug 04, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 13
Views: 1326

Re: Cool Iceland - world's hottest stock market

Shows the hazards of chasing performance. It also also shows that just because something is a nationwide ETF does not mean it is diversified. Just as a point of comparison, the population of Iceland is roughly equal to the number of employees of General Electric...and half the population of today's...
by YttriumNitrate
Sun Aug 03, 2014 10:30 am
 
Forum: Investing - Theory, News & General
Topic: Cool Iceland - world's hottest stock market
Replies: 8
Views: 1139

Re: ? Best simple reference to dissuade a day trader

As others have pointed out, you won't succeed in convincing someone that thinks they have a winning system. The best you can hope for is to convince them to take some of their winnings off the table as they are on the way up, and hope they don't raid those funds on the way down. Something with a hig...
by YttriumNitrate
Fri Aug 01, 2014 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 4668

Re: Dave Ramsey still defending 12% and still angry at "nerd

Dave Ramsey apparently still gets very angry when questioned about his “12%” assertions, even in mid-2014. For one, he’s wrong, so I don’t see why he is sticking to his guns about 12%. I realize that the subject of Dave Ramsey has been beaten to death here on Bogleheads. But it’s interesting that h...
by YttriumNitrate
Thu Jul 31, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 23760

Re: How old are you?

Based on the 2014 Boglehead Net Worth Survey , the results should look a little something like this: <21 0.1% 21-25 2.7% 26-30 11.3% 31-35 12.1% 36-40 11.1% 41-45 10.4% 46-50 8.6% 51-55 11.6% 56-60 11.5% 61-65 9.6% 66-70 6.4% 71-75 2.8% 76-80 1.1% 81-85 0.5% 86+ 0.0%
by YttriumNitrate
Wed Jul 30, 2014 6:18 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 82
Views: 8530

Re: Possibility of getting sued - what steps to take

Suing a fellow member of a yacht club for your own drunken negligence would be a good way to get ostracized by the other members of the social club...so I would be less worried than if a random drunkard had stopped by and done something stupid.
by YttriumNitrate
Wed Jul 30, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Possibility of getting sued - what steps to take
Replies: 25
Views: 4092
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