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Re: Sell or repair car decision

Congrats on the new vehicle and thanks for the update!

Good luck,

JT
by bottlecap
Fri Dec 19, 2014 10:06 pm
 
Forum: Personal Consumer Issues
Topic: Sell or repair car decision
Replies: 23
Views: 2463

Re: teaching / "confessional debugging" and brain stimulatio

I think it's because when you have to explain something, you have to thoroughly think through it, almost as if you didn't know it. You find yourself thinking about the justifications for the things you are teaching the student. I think you can also lose the basics of a subject when applying it to co...
by bottlecap
Fri Dec 19, 2014 10:02 pm
 
Forum: Personal Consumer Issues
Topic: teaching / "confessional debugging" and brain stimulation
Replies: 6
Views: 303

Re: Year 2 as a Boglehead: Portfolio Checkup

You're doing great. Either plan works, but there's no harm in sticking with plan 2. You're dancing on the head of a pin in any event.

Good job,

JT
by bottlecap
Fri Dec 19, 2014 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Year 2 as a Boglehead: Portfolio Checkup
Replies: 4
Views: 715

Re: White Coat Investor in Forbes

I guess I'll have to give a "belated" congratulations. EmergDoc routinely provides sensible advice, both here and on Whitecoatinvestor.com. Done all while holding down his regular "gig," that's very impressive.

JT
by bottlecap
Fri Dec 19, 2014 6:27 pm
 
Forum: Investing - Theory, News & General
Topic: White Coat Investor in Forbes
Replies: 35
Views: 5424

Re: Ski questions from a Southerner

If you do ski, I would try to take a lesson in the morning, then hit the bunny slopes. At the very least, you'll learn how to fall and not break your leg. I agree that 1 day probably isn't enough, but you're there and might as well try it.

Good luck,

JT
by bottlecap
Wed Dec 17, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Ski questions from a Southerner
Replies: 28
Views: 1765

Re: Bought in, and then they start tumbling

Thanks for all the kind words. Is January a bad time to buy? The red days continue... You need a plan. If you can't stick to it, you need an advisor. Trying to guess when is a good time to buy is counterproductive. You will almost invariably be wrong. I would invest every two weeks, automatically. ...
by bottlecap
Wed Dec 17, 2014 10:33 am
 
Forum: Investing - Theory, News & General
Topic: Bought in, and then they start tumbling
Replies: 67
Views: 9127

Re: Taste testing wine at home

I'm interested in trying different types of wine and figuring out what I like most. I'd like to get a number of types and compare them side by side over the course of a few weeks and rate them using the Vino app. I would prefer to not buy full bottles because I don't drink wine that frequently and ...
by bottlecap
Mon Dec 15, 2014 8:28 pm
 
Forum: Personal Consumer Issues
Topic: Taste testing wine at home
Replies: 23
Views: 1655

Re: Odds of portfolio survival = 90%; odds of my survival =

You're conflating a percentage representing the amount of time you have remaining until 100 years old with the percentage chance you will be alive at that point. According to the Burns piece, at age 40, you've used up 51% of your person years. That is not the same as saying that there is a 51% chanc...
by bottlecap
Mon Dec 15, 2014 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 167
Views: 9602

Re: My thoughts.

So oil prices are dropping due to an oil oversupply and the stock market is going down, seemingly because of this. You are making a dangerous and likely spurious association. Who knows why the market goes up or down, but MANY folks have lost money thinking they were sure they knew. Good luck. Yes, ...
by bottlecap
Sun Dec 14, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: My thoughts.
Replies: 13
Views: 1567

Re: Why don't YOU follow Buffett's advice?

I think it is clear his advice is not aimed at just billionaires, it is aimed at all non-pro investors, regardless of net worth. I think you're wrong, here. If you read the context of his statements, it is clear that this is what he would recommend for his wife after he's gone. Well, the S&P co...
by bottlecap
Thu Dec 11, 2014 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 8059

Re: Investing 100K for the next 3-5 years? Where?

Basically, you're looking at a CD, assuming you don't want to put principal at risk.

JT
by bottlecap
Wed Dec 10, 2014 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing 100K for the next 3-5 years? Where?
Replies: 12
Views: 1652

Re: Choosing a preschool

You just have to go visit them, particularly when school is in session. Talk to the teachers and administrators and decide. 7:30 am to 4:30 pm is a very long time for a 2 year old. Most places around here don't accept until 3 years old (and that's still a long time for a 3 year old). Given that your...
by bottlecap
Wed Dec 10, 2014 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Choosing a preschool
Replies: 15
Views: 1221

Re: Why don't YOU follow Buffett's advice?

First, I don't like or trust Buffett. Second, I don't have a gazilion dollars, so I can't tak as much risk as Buffett's beneficiaries.

JT
by bottlecap
Wed Dec 10, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 8059

Re: How long do grilles last?

I would think Webers should last more than 8 years, but "beyond cleaning" suggests carbon build up and not a problem with the grill. Have you ever taken it apart and used cleaners and/or a power sprayer?

JT
by bottlecap
Mon Dec 08, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: How long do grilles last?
Replies: 26
Views: 2460

Re: Did you parents and your childhood effect the way you ha

Oh, gosh. I know for a fact that my parents affected the way I handle money. Luckily, it was in a good way. My parents just didn't buy a lot of stuff, but they could have. They weren't cheap, but they sure were frugal (my Dad grew up in the 30's and my Mom in the 40s'). If I wanted something expensi...
by bottlecap
Sun Dec 07, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did your parents/childhood affect the way you handle money?
Replies: 29
Views: 2052

Re: Am I being cheap? [wedding/engagement ring]

You're to a significant degree correct. Otoh, we don't hold ourselves to that standard on the forum when it comes to other quasi-political and values-based opinions. People rail at others for spoiling their kids with cars and tuition, for buying more house than they need, and there are the famous e...
by bottlecap
Sun Dec 07, 2014 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8793

Re: Am I being cheap? [wedding/engagement ring]

My objection is not to the wasteful expenditure, it's to the continuation of a sexist and gender-biased form of marriage. You have the right to think that, but your opinion isn't helpful to the OP. it's a political opinion that the OP did not indicate a concern about. His significant other obviousl...
by bottlecap
Sun Dec 07, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8793

Re: Who Paid for the wedding?

Here's the solution (It's what we did). The people getting married pay for the wedding. The parents of each of the people pay for some portion of it as a gift, perhaps even without knowing what the other paid for. My wife and I paid for our wedding, save that her parents bought the dress, my parent ...
by bottlecap
Sun Dec 07, 2014 9:05 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6495

Re: Unfrugal Enjoyments

If you LBYM, you don't really need to be frugal elsewhere. It doesn't mean a minimum style of living, just below your means.

JT
by bottlecap
Sun Dec 07, 2014 8:56 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 231
Views: 19841

Re: Am I being cheap? [wedding/engagement ring]

I'd say that if you feel very strongly about not buying a ring under any circumstances, you should not respond to this thread at all. The question was "Am I being cheap because I don't want to buy an engagement ring for my gal, who would prefer one. I would prefer a fence." The question wa...
by bottlecap
Sun Dec 07, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8793

Re: Am I being cheap?

What would you all say if his fiancé wanted him to get a car that would impress her friends? A house? It is easier to never start the status insanity than to try to end it. I would say that is completely different. YOU are the one suggesting that the ring is solely to impress friends, but that is n...
by bottlecap
Sat Dec 06, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8793

Re: Am I being cheap?

I believe that $5000 for 50 years is less than 30 cents/day. Is she worth it or not? (We got a modest ring for our 50th. Maybe should have done it for our 25th to get more days worn out of it.) BL, Or, the ring is just the beginning of expensive and incompatible financial expectation?? Big house, e...
by bottlecap
Sat Dec 06, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8793

Re: Am I being cheap?

Yes, you're being cheap. It's perfectly normal for a woman to want an engagement ring. $2,000 to $5,000 is getting off fairly cheaply, not that you can't find something acceptable in that range. The fact that you don't care (I didn't either), doesn't make a difference. Is it absolutely necessary to ...
by bottlecap
Sat Dec 06, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8793

Re: Joint emergency fund for a single person ?

Why not make it payable on death or something that passes to her immediately (depending on your state law)? I haven't quite thought it through, but it seems like overkill to create a joint account with your own money just in case you die. I don't know your sister, but you're exposing yourself to a p...
by bottlecap
Fri Dec 05, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint emergency fund for a single person ?
Replies: 14
Views: 1396

Re: Why is Dave Ramsey wrong?

I don't think Dave Ramsey thinks much about investing strategies. It's just not his thing. And let's face it, his show has a significant entertainment component and investing, done right, is boring. There is no incentive for him to drone on about MPT and risk-adjusted returns. It's not an investing ...
by bottlecap
Fri Dec 05, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 73
Views: 9977

Re: My Rate of Return on my 401K is 9.83%. Is that Good?

OP, the rate of return is meaningless in a vacuum. You have much to learn, Grasshopper. Luckily, you are in the right place. Drive into the Wiki and then come back with any questions.

Good luck,

JT
by bottlecap
Fri Dec 05, 2014 8:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Rate of Return on my 401K was 9.83%. Is that Good?
Replies: 30
Views: 2495

Re: mother-in-law wrecked our car

In some states, the driver of the car insurance handles the claim. In others, the owner's insurance handles the claim. In these states, the theory is that insurance companies don't want to pay for potential liability that they have not bargained for. I believe in Tennessee that the car owner's insur...
by bottlecap
Fri Dec 05, 2014 8:08 pm
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5270

Re: Vanguard calls for boardrooms shake-up

Doesn't the adage "you get what you don't pay for" apply to corporate management as well as fund management? If every CEO was paid half as much, there would be higher profits for shareholders. Sure. I'll be the Vanguard CEO for $300,000 per year. You will definitely get what you didn't pa...
by bottlecap
Fri Dec 05, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard calls for boardrooms shake-up
Replies: 15
Views: 1487

Re: Vanguard calls for boardrooms shake-up

Be careful what you wish for. Sometimes, folks who want to spend time on these committees are those with axes to grind, yahoos or both. But they probably won't have your interests in mind, only theirs.

JT
by bottlecap
Fri Dec 05, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard calls for boardrooms shake-up
Replies: 15
Views: 1487

Re: Dealing with unauthorized (lawyer) bill

If you did not agree to the representation, I would send the lawyer a letter, or call him and send him a letter, and explain the situation. I would let him know you went with someone else because you did not get a response from him. Tell him you didn't ask him to do anything so you will not pay the ...
by bottlecap
Fri Dec 05, 2014 9:07 am
 
Forum: Personal Consumer Issues
Topic: Dealing with unauthorized (lawyer) bill
Replies: 61
Views: 6676

Re: Dealing with unauthorized bill

But I see absolutely no difference in terms how it should be treated for professional services which offer "free first consultation" and "free estimates" given by a building contractor. There's a huge difference, not that you would probably get a "firm" quote from a co...
by bottlecap
Fri Dec 05, 2014 8:55 am
 
Forum: Personal Consumer Issues
Topic: Dealing with unauthorized (lawyer) bill
Replies: 61
Views: 6676

Re: Performance Graphs [Help with fund choices]

I'd go with a lazy portfolio. Your ideal portfolio is so complicated that even you have doubts about it. Moreover, it seems to be an "I'll just have a little bit of everything because I'm afraid to miss out on anything that does well" portfolio. That's not sound reasoning on which to base ...
by bottlecap
Fri Dec 05, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Performance Graphs [Help with fund choices]
Replies: 45
Views: 4140

Re: Buying home without a buyer's agent

My thinking is that the seller should be indifferent between my offer at 97% of asking price and an offer at 100% of asking price from someone represented by a buyer's agent. Sometimes the seller's agent's contract with the seller says the agent will receive the full 6% commission if the buyer does...
by bottlecap
Wed Dec 03, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying home without a buyer's agent
Replies: 41
Views: 1916

Re: Giving money to your alma mater: Have to vent

Yeah, higher education is a business, pure and simple. In addition to donations, it is heavily subsidized by the government, both directly and indirectly. Many are extremely wealthy and pay little to no taxes, particularly on their endowments. As a result they are quite inefficient and over-provide ...
by bottlecap
Wed Dec 03, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 16553

Re: POLL: Should investors have a separate emergency fund?

You appear to be including your emergency fund as a part of your investment AA. I don't think you understand emergency funds.

JT
by bottlecap
Wed Dec 03, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: POLL: Should investors have a separate emergency fund?
Replies: 58
Views: 3467

Re: Best market solution for a large car/SUV for roadtrips?

Have you looked at the Ford Flex? It's not quite an SUV but has a lot of room in the back. If you can get past the funky look, it gets pretty decent mileage as well.

I'm not crazy about the looks, but the functionality of the vehicle has always intrigued me.

JT
by bottlecap
Tue Dec 02, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best market solution for large car/small SUV for roadtrips?
Replies: 17
Views: 1488

Re: Being woken up by neighbors above me

Buy earplugs. Your neighbors don't seem to be doing anything unusual.

JT
by bottlecap
Sun Nov 30, 2014 7:57 am
 
Forum: Personal Consumer Issues
Topic: Being woken up by neighbors above me
Replies: 79
Views: 6305

Re: When do you feel comfortable financially to have kids?

I understand that there are other factors besides financial factors that are components. But surely the decision to have kids isn't made completely independent of finances. If you're $500k in debt, unemployed, and have no marketable skills, you're probably not planning on having kids. If you're mak...
by bottlecap
Thu Nov 27, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4333

Re: Seeking Boglehead advice on new home

You can probably afford $425k, but it would be too close for comfort for me on $100,000 gross. I would not rent unless you are a real go-getter who has the time for a part time job.

Good luck,

JT
by bottlecap
Wed Nov 26, 2014 8:22 am
 
Forum: Personal Consumer Issues
Topic: Seeking Boglehead advice on new home
Replies: 28
Views: 3271

Re: Should I Fix 1999 Grand Marquis (182K Miles)

It depends on the repair and the remaining condition of the car. I wouldn't pay $1,400 just to pay cash in March for a new one, but I might if I could sell/trade in the Marquis in March for $1,000. That's $400 to buy you some time to shop and perhaps avoid a loan. And it gives you some leeway as to ...
by bottlecap
Wed Nov 26, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: Should I Fix 1999 Grand Marquis (182K Miles)
Replies: 19
Views: 1637

Re: Been out of market since 2008 and can't get back in

No more than 50% stocks and dollar cost average in over a period of 5 years. You problem is solved.

Good luck,

JT
by bottlecap
Tue Nov 25, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 52
Views: 5271

Re: Brother wants me to co-sign a house with him

First, do you want to be living with your brother? Second - he's the one making 6 figures. Why doesn't he buy the house and you just live there? Actually I don't, we don't get along too well but what choice to I have? It's closer to work, and i'm fine if he pays for the mortgage, and i'll pay for m...
by bottlecap
Mon Nov 24, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother wants me to co-sign a house with him
Replies: 41
Views: 3080

Re: Roth IRA for my fun money

Roth is valuable space. It is for retirement, not speculation and fantasy.

The reality is that you are likely to lose this money. Therefore, keep it in taxable and deduct your loses. If you happen to make money, then consider any taxes as simply the price of doing business.

JT
by bottlecap
Mon Nov 24, 2014 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for my fun money
Replies: 5
Views: 648

Re: 23 year old... Can I afford a Rolex?

Let me say this. Unless you make $500,000 a year, at 23 years old, wearing a Rolex will make you look incredibly foolish. Now, I'm not normally one who cares about what other people think, but I do generally try to avoid looking foolish, whether or not I actually am. To the vast majority of people, ...
by bottlecap
Sun Nov 23, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 167
Views: 13729

Re: A friend asked about about resignation timing, but IANAL

Vested typically means it's yours, even if it hasn't posted to your account. I'd check the documents in question to be sure.

JT
by bottlecap
Sat Nov 22, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: A friend asked about about resignation timing, but IANAL
Replies: 13
Views: 1543

Re: I Borrowed Against my 401K

So there's no difference on the investment side (you are paying you any interest) and only risk in keeping the loan on the other side of the equation. I respectfully disagree. Could the loan not act as a source of additional contributions in the future when I am in a position to max out my 401k con...
by bottlecap
Sat Nov 22, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Borrowed Against my 401K
Replies: 18
Views: 1973

Re: What percent "Boglehead" are you?

Tough question, because who gets to define what a Boglehead is and what "tilting" is, as opposed to a well designed allocation. There is also the matter of TIPS funds, which aren't index funds, at least at Vanguard. I'd say we're about as close to 100% as you can get while not employing a ...
by bottlecap
Sat Nov 22, 2014 10:56 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 120
Views: 7632

Re: I Borrowed Against my 401K

"How does this reasoning sound to you all? Not great. Whether you increase your contribution or pay down the loan, you are putting money in the 401k, which is being invested. The loan, however, is, for all intents and purposes, callable, and will usually be called at the worse possible time - ...
by bottlecap
Sat Nov 22, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: I Borrowed Against my 401K
Replies: 18
Views: 1973

Re: Personal Tips for a New Father to Be

You will be ignored in the delivery room, it's not about you. Thank God. If they pay a lot of attention to the you in the delivery room and start poking and prodding around down there on you, you've chosen very poorly, hospital-wise. Don't stick around and wait for an epidural... Well, you wanted a...
by bottlecap
Sat Nov 22, 2014 7:42 am
 
Forum: Personal Consumer Issues
Topic: Personal Tips for a New Father to Be
Replies: 31
Views: 3643
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