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Re: Cheapest TV equipment and options

Your set up might make sense for a tech savy person trying to save money. My personal setup is a PC hooked up to my tv and a cable tuner card. I use windows 7 media center for all my media needs. It works fantastic until it doesn't. If your elderly relative is like people I know they don't want to d...
by crake
Tue Apr 22, 2014 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Cheapest TV equipment and options
Replies: 11
Views: 584

Re: want to sell car with check engine light

If you bring the car to an Advance Auto Parts or Auto Zone they'll let you borrow the obd II scanner for free. This will allow you to figure out what codes the car is throwing. Once you get the codes you can google what the problem might be and choose to either bring it to a mechanic or tell a would...
by crake
Fri Dec 27, 2013 10:53 pm
 
Forum: Personal Consumer Issues
Topic: want to sell car with check engine light
Replies: 17
Views: 1431

Re: What matters over long haul is factor exposure and expen

A) Is there evidence that a factor is both persistent over time and pervasive across markets/asset classes B) It helps if there is a good risk story or even a good behavioral story, giving you more confidence in the data Larry, These are two sticking points which I haven't been able to work through...
by crake
Wed Dec 11, 2013 10:08 am
 
Forum: Investing - Theory, News & General
Topic: What matters over long haul is factor exposure and expense
Replies: 37
Views: 3538

Re: Generic Gift Cards

Major grocery stores are, in my experience, very good at "Put $50 on this $50 gift card, the balance on this regular credit card" at checkout. They are still a nuisance but using them once and in full eases the pain. :happy I am currently a bit bitter on these cards right now as I just go...
by crake
Thu Nov 21, 2013 5:08 pm
 
Forum: Personal Consumer Issues
Topic: Generic Gift Cards
Replies: 43
Views: 2135

Re: Generic Gift Cards

Having received these types of gift cards before I would recommend against giving them. My number one complaint is these cards cost more than their value. For example, a 50 dollar card costs 55 dollars. My next complaint is they are difficult to use the entire balance. If you have a 37.78 dollars ca...
by crake
Thu Nov 21, 2013 4:50 pm
 
Forum: Personal Consumer Issues
Topic: Generic Gift Cards
Replies: 43
Views: 2135

Re: 23 yo Teacher Three fund or Target Retirement 2050 -Roth

My recommendation would be a target date fund in a Roth. Vanguard target date funds are essentially the three fund portfolio but they do the re balancing for you. Add 5500 dollars a year to it and don't touch it for 30 years. You can't get simpler than that. The only reason I don't use target date f...
by crake
Mon Nov 04, 2013 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 23 yo Teacher Three fund or Target Retirement 2050 -Roth IRA
Replies: 36
Views: 2117

Re: Liability Insurance [umbrella policy questions]

How Much Umbrella Insurance Coverage Do You Need? You can take out an umbrella policy with coverage limits of $1 million to $10 million. Can't imagine that you would need that much coverage? You might be surprised. Follow these three quick steps to get an idea of how big an umbrella you may need: S...
by crake
Thu Oct 31, 2013 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Liability Insurance [umbrella policy questions]
Replies: 28
Views: 2834

Liability Insurance [umbrella policy questions]

I'm in contract to be purchasing my first home and it has got me thinking about liability insurance for the first time. I was wondering if anyone has any resources they could share that are good guidelines for where you need liability coverage and how much should be purchased. I have heard recommend...
by crake
Wed Oct 30, 2013 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Liability Insurance [umbrella policy questions]
Replies: 28
Views: 2834

Re: How Much Does Vehicle Safety Matter?

As someone who spends a lot of time on a bike and walking I get nervous that people will get more and more complacent about how dangerous driving a car is. There are now commercials on TV advertising people in cars playing with the radio, talking to kids, etc who are saved from an accident by the ca...
by crake
Thu Oct 24, 2013 12:37 pm
 
Forum: Personal Consumer Issues
Topic: How Much Does Vehicle Safety Matter?
Replies: 55
Views: 3052

Re: house buying - avoid a gift tax?

I'm not sure if I understand the arrangement you have with your MIL. Is she charging you market rate for rent. If she is why do you need to live in a house she owns? If your MIL is charging you below the market rate of rent she is essentially giving you a subsidy of the difference in market rent and...
by crake
Tue Oct 22, 2013 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1277

Re: Reaching out to you pros regarding help with portfolio.

Hey, I think you'd get more replies if you posted some additional information. Post in this format http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 The first thing that comes to my mind is why do you have a 232k emergency fund? Do you have very high expenses? The normal recommendation fo...
by crake
Tue Oct 22, 2013 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Reaching out to you pros regarding help with portfolio.
Replies: 5
Views: 444

Re: The cult of PE10 - so what?

My simple understanding of the subject is that PE10 can be used as a long term predictor of expected returns. Market timing is more about seeking short term returns. PE10 does not tell us anything about the daily ups and downs of the market which market timers hope to capitalize on. For example, if ...
by crake
Tue Oct 15, 2013 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: The cult of PE10 - so what?
Replies: 69
Views: 4073

Re: Allan Roth Investigative Reporting -- Wow.

I got a gift of $500 from my grandparents when I graduated college in 2007. They suggested that I invest it with their financial adviser to get some experience in the market. Since I had been hearing the “normal” strategies in classes and from my family, I thought I would add another $500 myself. S...
by crake
Mon Oct 14, 2013 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: Allan Roth Investigative Reporting -- Wow.
Replies: 18
Views: 2834

Re: The problem with a 3 fund portfolio

Dualacracy, When you own an index funds it consists of many stocks. When you sell it some of them will be up and some of them will be down. Do you suggest that investors should own individual stocks instead of funds so that they don't have to sell the losers and "lock in losses"? If you do...
by crake
Thu Oct 10, 2013 8:56 pm
 
Forum: Investing - Theory, News & General
Topic: The problem with a 3 fund portfolio
Replies: 65
Views: 6522

Re: Small-Cap Value vs. Small-Cap Growth?

Thank you for posting this Taylor. It's nice to get some reassurance that I am not crazy for keeping my portfolio simple instead of grasping for the elusive "small cap value premium". I have been trying to understand both why this "premium" exists and how it would persist once it...
by crake
Thu Oct 10, 2013 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: Small-Cap Value vs. Small-Cap Growth?
Replies: 113
Views: 9158

Re: Car Lease as part of a compensation package

I wouldn't work for a company if they forced a significant amount of my compensation on me in the form of a car. I prefer to get around by walking, biking, and public transport. I would value a leased Audi at approximately 0 dollars. Do you want to isolate this pool of potential employees from worki...
by crake
Fri Sep 27, 2013 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Car Lease as part of a compensation package
Replies: 27
Views: 1452

Re: Advice about campus recruiting?

I would say it depends on the likelihood of your son finding a different job. If it is at all reasonable that something else will come up I would recommend not taking this offer from the internship. We can argue about the morals of this but I also would see no issue with your son accepting the offer...
by crake
Thu Sep 19, 2013 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice about campus recruiting?
Replies: 13
Views: 1312

Re: Debt repayment questions

Choosing whether to (1) entirely pay off a loan that would otherwise be paid off over a 10-year period or (2) prepay $10,000 toward a 30-year loan is not as simple as saying "paying off the first loan gets you a guaranteed 6% return while paying off the second loan only gets you a guaranteed 4...
by crake
Wed Sep 18, 2013 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt repayment questions
Replies: 10
Views: 947

Re: Rental Property + Interfamily Dynamics

I am not a real estate investor and make no where near as much money as you do so take my comments for what they are. 2800 per month rent for a property worth between 750k and 800k does not seem like very much. If we go with the low estimate you are still only getting a 4.5% return and this doesn't ...
by crake
Wed Sep 11, 2013 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property + Interfamily Dynamics
Replies: 17
Views: 1563

Re: Pound Foolish

I haven't read the book but I have read some columns from the author and other like minded individuals. I agree with the premise that the retirement system in this country is flawed. One obvious example I like to provide comes from my and my wife's life. She is eligible for for a 403b and 457b along...
by crake
Wed Sep 11, 2013 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Pound Foolish
Replies: 71
Views: 7378

Re: Two Loans for Home Purchase?

It sounds a bit like you are playing mind games with yourself rather than doing a real analysis of the situation. If I understand correctly You want to take out an additional 18k loan so your primary mortgage will be smaller. You will then aggressively pay down the 18k while also paying the regular ...
by crake
Fri Sep 06, 2013 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two Loans for Home Purchase?
Replies: 10
Views: 1046

Re: Good Real Estate move?

This sounds like an awful deal for the daughter. She will be paying 1/4 of the down payment, 100% of the mortgage, plus extra rent money to cover the difference between the mortgage and fair market value rent. She is the sole person on the mortgage so she is taking 100% of the risk as well. She is g...
by crake
Thu Sep 05, 2013 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Good Real Estate move?
Replies: 47
Views: 3024

Re: Burned by Non-PPO Providers in PPO Network Hospital

Being asked to read an eye chart by a nurse in a hallway and then being charged an exorbitant fee is DECEPTIVE. It has nothing to do with being an educated consumer. The OP's story is another example of being screwed. I wouldn't have known that was even an issue if the OP didn't post this thread. My...
by crake
Wed Sep 04, 2013 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Burned by Non-PPO Providers in PPO Network Hospital
Replies: 19
Views: 997

Re: Burned by Non-PPO Providers in PPO Network Hospital

p.s. Paying your bill is not an option. I, personally, love sending folks to collection who don't pay their bills just like any other business. If a service is provided the folks providing should be reimbursed for their time. I am assuming you are a doctor if this is your attitude about medical bil...
by crake
Wed Sep 04, 2013 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Burned by Non-PPO Providers in PPO Network Hospital
Replies: 19
Views: 997

Re: 401k + roth + roth + pension = enough?

If you can achieve a 5% real return after inflation 30000 dollars compounded over 35 years will get you 2,853,000 dollars. Common wisdom says you can withdraw about 4% of your portfolio per year and expect it to not run out. This will get you 114000 dollars per year in real dollars. Add in your wife...
by crake
Tue Sep 03, 2013 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k + roth + roth + pension = enough?
Replies: 7
Views: 1224

Re: Life Insurance.

I'm married and neither my wife nor I have or intend on getting life insurance. We both work and are fully capable of supporting ourselves. If we decide to have kids in the future I still do not think we will need insurance but we'll do the math when we get there. By the time we have children our re...
by crake
Wed Aug 28, 2013 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance.
Replies: 31
Views: 1343

Re: letting money get in the way of everything?

I think that you should do a thorough audit of your car buying hobby. I find it hard to believe that you have bought 15 cars over 7 years and have profited through these exchanges. If we just look at the Lexus you bought in New York and I make a couple assumptions these are the numbers I come up wit...
by crake
Wed Aug 28, 2013 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: letting money get in the way of everything?
Replies: 34
Views: 3120

Re: Personal Rate of Return

I recently went through the process of creating a spread sheet to track my personal rate of return utilizing XIRR. It probably took me a couple of hours to import historical data and setup all the calculations. It now only takes me about 5 minutes once a month to maintain. I agree that there is prob...
by crake
Tue Aug 27, 2013 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Rate of Return
Replies: 19
Views: 1884

Help understanding 0 capital gains tax (15% tax Bracket)

I've heard of the no capital gains tax for people in the 15% tax bracket but only recently started to try to under stand the implications. I have a few questions in some areas where I think I may be missing some details. 1) I am planning on being in the 15% tax bracket in retirement but am currently...
by crake
Wed Aug 07, 2013 9:38 am
 
Forum: Investing - Theory, News & General
Topic: Help understanding 0 capital gains tax (15% tax Bracket)
Replies: 21
Views: 1944

Re: S & P 500 Index for US Stock Allocation?

See this page from the wiki here http://www.bogleheads.org/wiki/Approximating_Total_Stock_Market I am in the same position as you. The only low fee fund available to my wife is an S&P 500 index. We buy the S&P 500 in my wifes account and then balance it out by purchasing Vanguard Extended ma...
by crake
Wed Aug 07, 2013 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: S & P 500 Index for US Stock Allocation?
Replies: 12
Views: 1058

Buying a House without a Real Estate Agent

My wife and I will be looking to purchase our next house within the next 6 months. This has been something we've been thinking about and researching for a number of years. After all that I can't understand what the value of the real estate agent is. Here is my understanding of the situation: 1) My r...
by crake
Sat Aug 03, 2013 11:51 am
 
Forum: Personal Consumer Issues
Topic: Buying a House without a Real Estate Agent
Replies: 29
Views: 2311

Re: S&P breaks 1700...time to rebalance?

I don't believe in selling shares, only accumulating more. I want to hold onto them for as long as possible. Isn't this merely a mental accounting trick? Assuming no transactions cost it does not matter if you get to your desired AA by selling 5k worth of stocks then buying 5k worth of bonds or sim...
by crake
Thu Aug 01, 2013 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: S&P breaks 1700...time to rebalance?
Replies: 59
Views: 5596

Re: Recently married and need 401K Advice

I'd also like to add that you should probably think about paying down your student loan. If you have an over sized Emergency fund sitting in savings earning <1% it is a no brainer to use 9k of that to pay down a 2.83% loan.
by crake
Fri Jun 07, 2013 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Recently married and need 401K Advice
Replies: 19
Views: 1763

Re: Recently married and need 401K Advice

Congrats an your recent marriage. I was recently married myself and have had the pleasure of constructing a unified portfolio between my wife and I. It's great that you have access to target retirement index funds at a relatively low expense ratio in your 401k account. From a simplicity standpoint t...
by crake
Fri Jun 07, 2013 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Recently married and need 401K Advice
Replies: 19
Views: 1763

Re: The new profitability factor, US and int'l evidence

Larry, Thanks a lot. This thread has been extremely informative. Right now my assets are relatively small (under 6 figures) and spread out across accounts so I don't really have room for slicing and dicing. For the time being the simplicity of market weight indexing is worth the possibly lower retur...
by crake
Fri May 17, 2013 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 169
Views: 10555

Re: The new profitability factor, US and int'l evidence

Random Walker, I think I understand what your saying, however, I still have some reservations. If I buy TSM I hold small value companies and I hold highly profitable companies. By "tilting" I am shifting from less risky assets to more risky assets with the expectation of higher returns. I ...
by crake
Fri May 17, 2013 3:18 pm
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 169
Views: 10555

Re: The new profitability factor, US and int'l evidence

Thanks all for your insights. This has been an interesting thread to read. After going through it all I think my question can be boiled down to this. According to this new research tilting towards profitability can lead to an increase in expected returns. My possibly over simplistic way of thinking ...
by crake
Fri May 17, 2013 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 169
Views: 10555

Re: Trying to keep it simple

Thanks for the advice. I believe I am rebalancing for the right reason. My reason for rebalancing is to stick to my target AA. My question may end up being more theoretical than I originally thought. As much as I've thought about what a good AA would be it was still a somewhat arbitrary decision. I ...
by crake
Sat Mar 16, 2013 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to keep it simple
Replies: 2
Views: 496

Trying to keep it simple

Hi all. I've been lurking these forums for about 2 years now. I've learned an immense amount and want to start out by thanking everyone for being so helpful. I started reading investment advice when I started my first job about 3 years ago. I quickly discovered the advantages of low cost, passive in...
by crake
Fri Mar 15, 2013 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to keep it simple
Replies: 2
Views: 496

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