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Re: What experts say about $5,000 watches

I don't get it. Why continue to obsess about something you already have?

No watch is worth the feeling of having to continually justify the price to other people both before and after you buy it. It's not a watch, it's a lifetime of misery!

JT
by bottlecap
Mon Jan 26, 2015 7:13 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173028

Re: Foreclosed-Law Firm pursuing amount of second lo

I take it you agree with my current situation while it seems like a rock and a hard place it's the best decision for the long term? It seems like it, but a bankruptcy attorney will help you decide. The attorney will be able to tell you if you qualify, what will happen to what assets you do have and...
by bottlecap
Sat Jan 24, 2015 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2285

Re: QuitClaim Deed

When I got married, my DW and I used quit claim deeds to share ownership in our houses. Very easy. You should Google using them in NJ to see if anything comes up. thanks!!!! your post encourages me to do it on my own... I will probably go that route, some say it is easy and others make this sound v...
by bottlecap
Sat Jan 24, 2015 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: QuitClaim Deed
Replies: 36
Views: 2575

Re: Foreclosed-Law Firm pursuing amount of second lo

Good luck and thanks for following up.

JT
by bottlecap
Sat Jan 24, 2015 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2285

Re: Foreclosed-Law Firm pursuing amount of second lo

I don't really mean to push the bankruptcy thing - while I don't believe that should be a person's first response, I do believe it can be a good thing sometimes. I do, however, want to raise a couple of thoughts on some of the recent posts. First, while $25,000 is not a crazy amount of debt, if you ...
by bottlecap
Sat Jan 24, 2015 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2285

Re: Is my term life policy quote too high?

That seems a little high to me.

JT
by bottlecap
Sat Jan 24, 2015 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2383

Re: Foreclosed-Law Firm pursuing amount of second lo

There's no magic bullet. If you've talked your situation over with competent legal professionals and that's what they are telling you, then your options appear to be put some money together and settle or file bankruptcy - especially if you want to stop worrying about it. If you ignore it, eventually...
by bottlecap
Fri Jan 23, 2015 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2285

Re: Foreclosed-Law Firm pursuing amount of second lo

You need to visit an attorney. You've ignored this as long as possible. If you are unemployed and have little to no assets aside from your 401(k), you sound like a good candidate for bankruptcy. That should put an end to any of the collection efforts for very little upfront cost. Your 401(k) should ...
by bottlecap
Fri Jan 23, 2015 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2285

Re: Ask plumber to pay for damages?

Maybe. It just depends. Was he hired to check the flush and fill valve? Is that a part of de-winterizing? If so, he should pay. If not, you're the homeowner and the homeowner pays.

JT
by bottlecap
Thu Jan 22, 2015 4:20 pm
 
Forum: Personal Consumer Issues
Topic: Ask plumber to pay for damages?
Replies: 12
Views: 1888

Re: Keurig-cup coffee makers - why?

[deleted]
by bottlecap
Thu Jan 22, 2015 7:37 am
 
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 67
Views: 4738

Re: Boglehead Beer

This is the post to end this thread: =======================================================================================================> That IS the Boglehead beer, period. Consumer Reports even proved it one year. However, I grew up on it and have not purchased it since college. I don't do Bog...
by bottlecap
Wed Jan 21, 2015 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 475
Views: 67396

Re: Keurig-cup coffee makers - why?

The same reason you pay $3 for a cup at Starbucks: Convenience. Making a pot of coffee is a pain and making it and getting the child(ren) dressed, ready and to school while making a pot of coffee leaves little to no time for drinking. I barely have time for 2 cups out of the Keurig in the morning as...
by bottlecap
Wed Jan 21, 2015 8:06 pm
 
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 67
Views: 4738

Re: Getting deposed -- do I need to hire my own lawyer?

You won't be paid to testify in you are a fact witness. You are compelled to do so when a subpoena is issued, but there are usually some restrictions on when and where you can be compelled to testify. Travel and related expenses should be covered. The particulars of all of this will depend on your s...
by bottlecap
Sat Jan 17, 2015 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting deposed -- do I need to hire my own lawyer?
Replies: 47
Views: 4519

Re: Wifi Thermostat??

I looked into this and went with the Honeywell that goes for about $95. It is a great Thermostat. It doesn't learn your behavior, but it does learn when it needs to fire up to get the house at the right scheduled temperature. It doesn't have the fancy feedback of the Nest or EcoBee, but it is wirele...
by bottlecap
Thu Jan 15, 2015 6:40 pm
 
Forum: Personal Consumer Issues
Topic: Wifi Thermostat??
Replies: 22
Views: 2249

Re: How does an Efficient Market explain Buffett?

To be honest, I'm shocked to see the perspective of most of the posters here that the market is completely efficient. To me it seems fairly obvious that inefficiencies exist. While I agree that inefficiencies exist, I don't see where "most posters" have said that the market is "compl...
by bottlecap
Thu Jan 15, 2015 9:31 am
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 249
Views: 12071

Re: How does an Efficient Market explain Buffett?

Well, it certainly could be luck. In fact, it is at least luck in the sense that his first few investments could have left him broke and he might have taken a different path. However, it should be noted that Buffett is a businessman and not an investor. He buys whole companies, hires the managers an...
by bottlecap
Wed Jan 14, 2015 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 249
Views: 12071

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

2007-2008-2009 were big drops in GDP and growth since then has not made up for it. GDP is essentially overall spending. Put another way, total spending since 2007 is lower than it would have been. GDP has been rising as well, except for in 2010. Since growth and spending tends to compound, any cont...
by bottlecap
Tue Jan 13, 2015 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6156

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

Consumers are buying less because there was a massive housing bubble that burst, taking large amounts of net worth (given propensity to spend a few percent, this greatly decreased spending) and income out of the economy and leaving many with significant debt. This took a massive amount of spending ...
by bottlecap
Tue Jan 13, 2015 10:30 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6156

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

I can't help but think that deflation is a symptom, not a cause. Many people focus on how we might avoid deflation or what we could do to fight it, but it seems they should be more concerned about how to avoid whatever the causes of deflation might be. That would also enlighten us on how to prepare...
by bottlecap
Tue Jan 13, 2015 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6156

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

I can't help but think that deflation is a symptom, not a cause. Many people focus on how we might avoid deflation or what we could do to fight it, but it seems they should be more concerned about how to avoid whatever the causes of deflation might be. That would also enlighten us on how to prepare,...
by bottlecap
Tue Jan 13, 2015 7:41 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6156

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

My guess would be cash, which is also why some people are worried about deflation.

JT
by bottlecap
Mon Jan 12, 2015 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6156

Re: "Vanguard Group execs say deflation a real risk..."

If some natural disaster, or any other reason, caused CPI to go up over a sustained period that's inflation. Monetarists say 'inflation is always and everywhere a monetary phenomenon' but that's just their opinion. It's not part of the actual definition of inflation. The generally-accepted definiti...
by bottlecap
Sun Jan 11, 2015 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard Group execs say deflation a real risk..."
Replies: 61
Views: 6224

Re: Wait, contributions to an IRA are tax deductible?

Tax Deduction: You are permitted to subtract this from your taxable income. You subtract a tax deduction from your adjusted gross income to arrive at taxable income. Gill Half true (many deductions including IRA contributions, are made before arriving at AGI), but likely to be lost on the OP. Perha...
by bottlecap
Sun Jan 11, 2015 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait, contributions to an IRA are tax deductible?
Replies: 19
Views: 1973

Re: "Vanguard Group execs say deflation a real risk..."

Deflation is defined as a decrease in the general level of prices. Deflation can be thought of as an increase in the value of dollars. That is because the price of a thing is the ratio of its value to the value of a dollar. I presume that is what the "Vanguard execs" mean't, but it's not ...
by bottlecap
Sun Jan 11, 2015 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard Group execs say deflation a real risk..."
Replies: 61
Views: 6224

Re: Wait, contributions to an IRA are tax deductible?

Tax Deduction: You are permitted to subtract this from your taxable income.

Tax credit: You get to subtract this from your taxes owed. Typically, but not always, only if you owe taxes.

Roth: No tax deduction.

Traditional: Tax deduction, in most cases; No tax credit.

Hope this helps!

JT
by bottlecap
Sun Jan 11, 2015 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Wait, contributions to an IRA are tax deductible?
Replies: 19
Views: 1973

Re: "Vanguard Group execs say deflation a real risk..."

I know it's Vanguard and we love them. And although they don't define "deflation," they seem to mean falling prices. The article doesn't give a reason why this deflation is a concern (as in what's going on that is so likely to cause it), so I can't take stock in it.

JT
by bottlecap
Sun Jan 11, 2015 9:04 am
 
Forum: Investing - Theory, News & General
Topic: "Vanguard Group execs say deflation a real risk..."
Replies: 61
Views: 6224

Re: Emergency Road Service..........

I've cancelled roadside service with my insurance and going with AAA. The one time I was stranded and had to use the service with insurance, the person on the phone said that my rates might go up if I obtained services through them, but probably not if I obtained it myself (which took 3 hours) and a...
by bottlecap
Fri Jan 09, 2015 3:23 pm
 
Forum: Personal Consumer Issues
Topic: Emergency Road Service..........
Replies: 36
Views: 2866

Re: Thinking about retirement - it's depressing

I admire your accomplishments and drive, but it's a bit depressing that you have no other purpose than work/material possessions and need frequent breaks from your family, especially given that you probably don't see them much in the first place. It sounds like you don't have much of a social life, ...
by bottlecap
Thu Jan 08, 2015 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8517

Re: What's in your car emergency kit?

There's probably a bunch of things I don't need. I know it has jumper cables. I keep a flash light and knife in the vehicle basically all the time. Duct tape or electrical tape would be a good idea, but I probably don't have it in there. I don't need a blanket where I live, but I will throw some in ...
by bottlecap
Thu Jan 08, 2015 5:05 pm
 
Forum: Personal Consumer Issues
Topic: What's in your car emergency kit?
Replies: 52
Views: 4009

Re: Can assuming more risk, increase returns?

Conversely, why would you think you'd get higher returns on a diversified portfolio without taking more risk? A good question, that's almost what I'm asking. By assuming more risk, does return increase? Is the risk more an issue of volitliy and time horizon? Yor still have it backwards in the sense...
by bottlecap
Thu Jan 08, 2015 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: Can assuming more risk, increase returns?
Replies: 41
Views: 2534

Re: Can assuming more risk, increase returns?

Some say that riskier investments lead to higher returns. I like to say that investors should demand higher returns when taking more risk. I think this is the answer you are seeking, OP, notwithstanding the fact that there are different definitions and kinds of risk. Assuming more risk does not typ...
by bottlecap
Thu Jan 08, 2015 11:21 am
 
Forum: Investing - Theory, News & General
Topic: Can assuming more risk, increase returns?
Replies: 41
Views: 2534

Re: Buffett quote of the day: Market is a "Drunken Psycho"

I sometimes think we forget that the "market" is comprised of millions of actors making billions of decisions based on information they have available to them (not just information about stocks, but about the things affecting their finances and businesses). Why would anyone expect the mark...
by bottlecap
Thu Jan 08, 2015 11:05 am
 
Forum: Investing - Theory, News & General
Topic: Buffett quote of the day: Market is a "Drunken Psycho"
Replies: 12
Views: 2813

Re: Should heat be left on?

Yes, you need to keep pipes above freezing tempatures.

JT
by bottlecap
Thu Jan 08, 2015 10:54 am
 
Forum: Personal Consumer Issues
Topic: Should heat be left on?
Replies: 25
Views: 3347

Re: Cancel Homeowner's Insurance?

I can see dropping health insurance, although I haven't, as my high deductible policy is fairly cheap, so I'll keep it until it gets killed off later this year. Then I'm not sure. Just because other people love their health insurance doesn't make it so for everyone else, especially now, when you are...
by bottlecap
Tue Jan 06, 2015 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6607

Re: Forums for parents with Children

Can you ask your friends with older children? I would doubt there are many parenting forums (but probably some blogs). Every child is different and, quite frankly, everyone is "winging it" to a large extent. People have a lot of crazy ideas out there, you just have to rely on yourself for ...
by bottlecap
Tue Jan 06, 2015 7:47 pm
 
Forum: Personal Consumer Issues
Topic: Forums for parents with Children
Replies: 12
Views: 2074

Re: Nice couches are pricey, where I can get them for less?

We just bought 2 leather recliners at Costco for $ 399 and if my spouse would have let me, I would have bought the couch to go with it as well. These are the most comfortable chairs I have sat in ( We have worked with interior decorators, design stores, gone to furniture stores etc sat in the chair...
by bottlecap
Sun Jan 04, 2015 8:16 pm
 
Forum: Personal Consumer Issues
Topic: Nice couches are pricey, where I can get them for less?
Replies: 62
Views: 10578

Re: Best use of money?

I think your wife's correct here. First, it's "her" money and she should put at least a significant portion of it for her future. Obviously, everyone hopes it will be a future with you, but you're young, likely with no kids and you personally have significant income potential down the road...
by bottlecap
Sat Jan 03, 2015 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Best use of money?
Replies: 20
Views: 2788

Re: Why a Boglehead doesn't invest in individual companies?

There is a simple answer. Buying individual stocks results in taking uncompensated risk. Uncompensated risk is risk that you are not (or unlikely to be) compensated for. Mutual funds buy individual stocks too. What I think you mean to emphasize is that being undiversified generates uncompensated ri...
by bottlecap
Wed Dec 31, 2014 8:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 15599

Re: Why a Boglehead doesn't invest in individual companies?

There is a simple answer. Buying individual stocks results in taking uncompensated risk. Uncompensated risk is risk that you are not (or unlikely to be) compensated for. As someone above mentioned, taking more risk does not mean you get more return. Individual stocks are the perfect example. Boglehe...
by bottlecap
Tue Dec 30, 2014 9:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 15599

Re: What Car is Best?

Rant... This is the wrong forum to ask for car buying advice. Check out Car and Driver, Motor Trend, Edmunds, automobilemag.com, etc for car buying advice. People here are extremely financially savvy, but sometimes lack, I don't know, “car love”. If the poster indicated he was looking for performan...
by bottlecap
Tue Dec 30, 2014 6:39 pm
 
Forum: Personal Consumer Issues
Topic: What Car is Best?
Replies: 73
Views: 6275

Re: What Car is Best?

Take a look at the Ford Fusion. I've never been in the back seat, but it looks like it will hold 4 or 5 adults from the outside. A friend of mine has one and every time I see it, I find it tastefully stylish. Mileage can't be too bad, either. If I ever decided to buy a passenger vehicle, I'd at leas...
by bottlecap
Tue Dec 30, 2014 6:35 pm
 
Forum: Personal Consumer Issues
Topic: What Car is Best?
Replies: 73
Views: 6275

Re: Do any other men here regulalry use skin care products?

I use Proraso Shave Cream and Proraso Preshave/Aftershave, not because my skin is sensitive, but because it makes my skin feel better. I use CeraVe lotion and typically buy hypoallergenic soap, like Cetaphil or Vanicream because of some eczema. I'm not real good about using the lotion, but I'm more ...
by bottlecap
Tue Dec 30, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Do any other men here regulalry use skin care products?
Replies: 45
Views: 3514

Re: Buying gasoline

Actually, it may be both! But I don't know how the credit card company would make money offering 3 or 4% back while charging merchants less. It could be that they expect fees to the customer to exceed the difference?

JT
by bottlecap
Mon Dec 29, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying gasoline
Replies: 7
Views: 1338

Re: Buying gasoline

It's the latter. Gasoline is a low-margin product in the sense that the gas stations make very little to no money off of it (it's the stuff in the store that has the best profit margin). As a result, the credit card fee (2.35%, I think) that the vendor pays can make a difference. As a result, it mak...
by bottlecap
Mon Dec 29, 2014 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying gasoline
Replies: 7
Views: 1338

Re: When to sell, December or January?

The statement is pure personal opinion, except to the extent that funds distribute dividends towards the end of the year. For most Vanguard funds, this has probably already occurred. Inside a 401k, it doesn't matter anyway. The big difference, as stated above, is when you want to pay taxes on the wi...
by bottlecap
Mon Dec 29, 2014 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: When to sell, December or January?
Replies: 16
Views: 1609

Re: Lessons learned from a reformed investor...

Thanks for sharing your story!

JT
by bottlecap
Sun Dec 28, 2014 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lessons learned from a reformed investor...
Replies: 2
Views: 666

Re: Should I purchase a new car or wait?

Something doesn't seem right here. I agree with the independent mechanic who says that they don't do "repair" work unless something needs fixing. It really seems like all you need is some belts, maybe spark plugs and wires. This is normal maintenance based on length of service. The rest of...
by bottlecap
Sun Dec 28, 2014 4:35 pm
 
Forum: Personal Consumer Issues
Topic: Should I purchase a new car or wait?
Replies: 38
Views: 4253

Re: Why did gas mileage recently drop on my older CRV?

Could be a lot of stuff. Obvious stuff is/are O2 sensor, MAF sensor, PCV valve, spark plugs, spark plug wires, distributor, etc... Could just be getting old. Could be just variance depending on where and how you drove. I can get + or - 10% on different highways, I presume due to evelation, etc... Ha...
by bottlecap
Thu Dec 25, 2014 11:43 am
 
Forum: Personal Consumer Issues
Topic: Why did gas mileage recently drop on my older CRV?
Replies: 50
Views: 3393

Re: Have you ever hoped for a correction?

No. And you shouldn't, either. The type of person that wants a correction would be hesitant to buy during a correction and would lose faith in the market if the correction lasted for more than 5 to 10 years. Then you'd be posting about how the good times are really over for good and the market is no...
by bottlecap
Wed Dec 24, 2014 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Have you ever hoped for a correction?
Replies: 52
Views: 3552

Re: Edward Jones rep trying to pull me away from lazy 3 fund

I fail to see how he's a great guy, unless doing everything you can do to close a sale on an unwilling participant counts! Aren't all successful salesmen "great guys?" Who knows what these great guys are truly thinking? It's an act. It sells. Best case scenario, he's a young guy and probab...
by bottlecap
Wed Dec 24, 2014 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: delete [Edward Jones rep trying to pull me away from lazy 3]
Replies: 37
Views: 4093
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