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by YttriumNitrate
Wed May 27, 2015 10:48 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 109
Views: 4929

Re: Once in a life time trip.

Agreed all around. You can also take an 8 year old on a 4 day raft trip in the lower part of the Grand Canyon - gorgeous AND fun! Yep. A trip down the Grand Canyon would be memorable. 20-something years ago, as an 11 year old boy I was on a boy scout trip from Washington DC to the Grand Canyon and ...
by YttriumNitrate
Tue May 26, 2015 12:08 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 109
Views: 4929

Re: Once in a life time trip.

We don't know what they like since they are not even 3 yet. We are saving the money right now. This trip will be our anniversary and their 8 birthday combined. We will take Disney cruise and go to Disneyland way before this trip. I"m just trying to get more ideas. Thank you. How much "way...
by YttriumNitrate
Tue May 26, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 109
Views: 4929

Re: Once in a life time trip.

Antarctica or North Korea Wow, I'm not sure which would be worse with two eight year olds. :D In one case you have a guaranteed four days of sea sickness with the primary entertainment during that time being looking for seas birds and listening to lectures about ice formations. In the other instanc...
by YttriumNitrate
Sat May 23, 2015 6:52 am
Forum: Investing - Help with Personal Investments
Topic: 529 before conceiving a child?
Replies: 12
Views: 773

Re: 529 before conceiving a child?

My little one had a 529 plan about four years before he was born, so I'm definitely in the camp that believes there are situations were the benefits outweigh the risks. That being said, it might not be right in your situation. I'm in Indiana which offers a 20% tax credit on 529 contributions up to $...
by YttriumNitrate
Sat May 16, 2015 9:00 am
Forum: Investing - Theory, News & General
Topic: The upside of living longer
Replies: 11
Views: 2223

Re: The upside of living longer

It also seems to me that the further you get into retirement, the impact of running out of money decreases. If I'm 70 and I run out of money, that means I can't take that amazing trip I've been planning or visit the grand kids as often as I would like. If I'm 105 and run out of money, my nursing hom...
by YttriumNitrate
Sat May 16, 2015 8:50 am
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6026

Re: The BIG problem with the S&P 500 index?

Moreover, movements in these indicators are expressed in "points," such as "down 500 points." What's wrong with percentages? If it bleeds, it leads. If you were a reporter, do you think you'd get higher ratings screaming: OH MY GOD, THE DOW IS DOWN 600 POINTS!!!! or OH MY GOD, T...
by YttriumNitrate
Fri May 15, 2015 6:31 pm
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 150
Views: 6929

Re: Aren't we overdoing electronic auto safety features?

It definitely does seem as though there are diminishing returns on safety features and we are well past the point where the greatest safety hazard is the person sitting behind the steering wheel. If we REALLY wanted to reduce that 32,000 deaths per year stat, we would simply require that every new c...
by YttriumNitrate
Fri May 15, 2015 11:53 am
Forum: Personal Consumer Issues
Topic: Roof Replacement, upgrade or not?
Replies: 15
Views: 1122

Re: Roof Replacement, upgrade or not?

Financially the funds for the deductible and any upgrades would come from my new home savings/ down payment fund, as those funds already had a contingency budgeted in for repairs of my current house, I have enough to easily cover the upgrade if I go that route. Really, it depends on how much extra ...
by YttriumNitrate
Thu May 14, 2015 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Employer Contribution 60%?
Replies: 29
Views: 1178

Re: Employer Contribution 60%?

Match 60% of the first X dollars perhaps.
by YttriumNitrate
Tue May 12, 2015 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plans- Are they part of your overall A.A?
Replies: 22
Views: 1111

Re: 529 plans- Are they part of your overall A.A?

For me, each goal gets its own asset allocation. However, since my kid is still in diapers the 529 asset allocation and the retirement fund asset allocation are just about the same.
by YttriumNitrate
Sun May 10, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 49
Views: 5331

Re: Lecture me about "too much house"

Planning on growing the family currently at 1 child....Our gross combined income is $100k. My wife is a part time RN on midnights/weekends and will be either home schooling or using private school + going to full time work when that time comes...Anyway... what's the right guideline for housing? We ...
by YttriumNitrate
Sat May 09, 2015 6:16 pm
Forum: Investing - Theory, News & General
Topic: "Should We Teach Teenagers to Trade?"
Replies: 30
Views: 2133

Re: "Should We Teach Teenagers to Trade?"

I think it's a great idea, but the teens should be using their own money and buying highly leveraged stocks on margin. Feeling the pain of losing fat stacks of cash (from a high schooler's perspective) would be one of the better lessons they could learn.
by YttriumNitrate
Sat May 09, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Graduate school 529 plan
Replies: 8
Views: 627

Re: Graduate school 529 plan

529 plans are funded with after tax dollars. Depending on your state, you might be able to deduct the contribution from their state income taxes, or get a tax credit (20% in Indiana :) ) for their contribution.
by YttriumNitrate
Sat May 09, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: NYT: 2% rebate credit cards; will they last?
Replies: 30
Views: 3309

Re: NYT: 2% rebate credit cards; will they last?

I do certainly enjoy putting reimbursable business expenses on my 2% back card...especially since it's there are no income taxes or payroll taxes on that "income." Considering how many offers I'm still getting from banks and credit cards these days, it might be a wee bit too early to be ca...
by YttriumNitrate
Mon May 04, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Too much credit?
Replies: 10
Views: 789

Re: Too much credit?

While I doubt having too much credit has much if any impact on the black box used to calculate credit scores, another question would be "Does it Matter?" Looking through some mortgage rate sheets , if you are getting a conforming loan (not jumbo) then all credit scores above 740 get the sa...
by YttriumNitrate
Mon Apr 27, 2015 2:56 pm
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 58
Views: 5956

Re: Been invited to wedding in Disney World. My cost?

Most of my relatives are a plane ride away, so I actually prefer when they have destination weddings rather than "at home" weddings. If I'm going to get on a plane, I would much rather be heading to Oahu or Disney World than Rochester, NY. :D
by YttriumNitrate
Fri Apr 10, 2015 7:18 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 16436

Re: The $1 Million Goal: Source of Motivation or Discouragem

Now, I'm going to ask one other question. I'm very serious about it, and don't mean it critically or mean to belittle anyone. I'm genuinely curious. Why would someone who cares about building wealth enough to be on the Bogleheads forum, and can obviously communicate intelligently once here, "s...
by YttriumNitrate
Wed Mar 04, 2015 7:54 pm
Forum: Personal Consumer Issues
Topic: New Homeowner Gift
Replies: 31
Views: 1892

Re: New Homeowner Gift

I was talking to my wife the other day and told her that the next time someone I know buys a house for the first time I am getting them a 25 foot drain auger. It's about as unsexy of a gift as you can possibly get, but when you're in deep shi...er, when the sh@# hits the fan it's the one thing every...
by YttriumNitrate
Wed Sep 17, 2014 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 10
Views: 793

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
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: 996

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 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Low down payment and invest or big down payment?
Replies: 7
Views: 1146

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 1:01 pm
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 17119

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
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: 4483

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
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: 6896

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
Fri Sep 12, 2014 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Electronic rent payments
Replies: 15
Views: 1488

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
Thu Sep 11, 2014 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 3068

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
Wed Sep 10, 2014 4:39 pm
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1921

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 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring your kids
Replies: 34
Views: 2196

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
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: 2169

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 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Whole of Life x2
Replies: 13
Views: 1173

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
Fri Sep 05, 2014 3:04 pm
Forum: Personal Consumer Issues
Topic: Anyone have experience with AtticFoil Radiant insulation
Replies: 12
Views: 868

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 11:19 am
Forum: Personal Finance (Not Investing)
Topic: "Student loan debt: How much is too much?"
Replies: 6
Views: 1142

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
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: 4282

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 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 4282

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
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: 1938

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 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to see my credit report?
Replies: 37
Views: 2591

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
Sun Aug 31, 2014 8:20 am
Forum: Investing - Theory, News & General
Topic: Your thoughts on farmland values
Replies: 29
Views: 2598

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 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Do you have class?
Replies: 15
Views: 1686

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
Sat Aug 30, 2014 8:05 am
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 44
Views: 2671

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
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: 2981

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
Tue Aug 26, 2014 11:08 am
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 7191

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
Sun Aug 24, 2014 9:18 am
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 11459

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 8:06 am
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 7191

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
Fri Aug 22, 2014 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tipping the virtual waiter/waitress?
Replies: 18
Views: 2177

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 11:49 am
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1936

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
Wed Aug 20, 2014 12:54 pm
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1367

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
Tue Aug 19, 2014 1:38 pm
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1367

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
Mon Aug 18, 2014 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4405

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 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4791

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

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