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Re: Parents:Have you had any luck teaching your kids about m

Thanks. It seems to work well so far. I started doing this in December of 2013. I only started doing the statements recently. What I found over the course of 2014 was that the kids couldn't quite grasp the bank concept because (I believe) it was too intangible. We would talk about the money in the b...
by danwhite77
Fri Mar 06, 2015 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents:Have you had any luck teaching your kids about money
Replies: 40
Views: 2646

Re: Parents:Have you had any luck teaching your kids about m

I've had great success setting up a "Bank of Mom and Dad." It's a google spreadsheet that calculates interest that accrues on their deposits (which are gifts they've received from grandparents, etc.). I even do a little statement for them on a quarterly basis to make it more "real&quo...
by danwhite77
Fri Mar 06, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents:Have you had any luck teaching your kids about money
Replies: 40
Views: 2646

Re: One share of BRK.B for Geico discount?

Yes, it's true. I believe you just tell the rep when you sign up. That might have changed, it's been awhile since I signed up. I would point out that this discount is (I believe) 8% but if you have a clean driving record and qualify for their 'good driver' benefit, it's even better than the share ow...
by danwhite77
Tue Mar 03, 2015 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: One share of BRK.B for Geico discount?
Replies: 18
Views: 2037

Re: How to find a spouse who wants financial independence

I used a coupon to buy coffee for my wife and myself on our first date. I didn't even think twice about it. Looking back we think it's funny, at least she knew what she was getting into. We've been married 12 years now, have four kids, and live our lives in the Bogleheads / Millionaire Next Door tra...
by danwhite77
Tue Mar 03, 2015 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 8097

Re: Funding a big home remodel

DW and I bought our house a little less than three years ago (2.78 years according to my spreadsheet, but who's counting) and we have redone virtually everything. We've probably put close to (actually, probably more than but I don't want to think about it) 100k into our place, so a little less than ...
by danwhite77
Sat Feb 28, 2015 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Funding a big home remodel
Replies: 7
Views: 654

Re: New or Used Honda Odyssey

Faced this exact situation when we bought our Odyssey in December of 2006. We elected to buy the new Odyssey for peace of mind regarding maintenance. We've had the car for over eight years (and 90k miles) now and it's been great. Had some maintenance issues, but nothing major.
by danwhite77
Wed Feb 25, 2015 4:34 pm
 
Forum: Personal Consumer Issues
Topic: New or Used Honda Odyssey
Replies: 20
Views: 1060

Re: why do some people like Fidelity?

Maybe some people like Fidelity because they enjoy enriching an already preposterously wealthy family (and management) as described in the article below. http://mobile.reuters.com/article/idUSTRE7AM2HX20111123?irpc=932 Me? I'm a Vanguard man. As my signature below states, I admire Jack for enriching...
by danwhite77
Sat Feb 21, 2015 2:18 am
 
Forum: Investing - Theory, News & General
Topic: why do some people like Fidelity?
Replies: 67
Views: 6949

Re: Risk/Return Spectrum

Right now is famine and thinking it will continue going forward for future expected returns is Recency Bias at work. That's certainly possible. I guess it also depends on the definition of "recent." Over the last ten years the S&P 500 and VWO have been neck and neck. Will be interesti...
by danwhite77
Fri Feb 20, 2015 11:43 am
 
Forum: Investing - Theory, News & General
Topic: Risk/Return Spectrum
Replies: 19
Views: 1518

Re: Risk/Return Spectrum

Typical Bogleheads caveat, nobody can see the future, etc. etc. Two comments, first I don't see the S&P 500? Second, I am not so sure that I would put Emerging Markets at the top of the totem pole. I've been an EM investor (currently ~6% of portfolio) for a decade. It's certainly true that durin...
by danwhite77
Fri Feb 20, 2015 10:57 am
 
Forum: Investing - Theory, News & General
Topic: Risk/Return Spectrum
Replies: 19
Views: 1518

Re: BRK A vs. B

The lack of liquidity in A shares (and later the bigger B shares pre BNSF split) is why Berkshire wasn't in the S&P 500 for a long time, the committee (correctly I think) found the trading too illiquid to include in the index. I'm not sure there's a Buffett premium any longer. Berkshire is curre...
by danwhite77
Thu Feb 19, 2015 12:18 am
 
Forum: Investing - Help with Personal Investments
Topic: BRK A vs. B
Replies: 36
Views: 2388

Re: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)

There are many, many threads on this topic. There is no correct answer. Basically, just think about your own tolerance to watch your balance fluctuate and select the allocation that you think matches that tolerance. Probably the best place to start is here in the wiki: http://www.bogleheads.org/wiki...
by danwhite77
Wed Feb 18, 2015 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: 80% stock/20% bonds? Or 90% stock/10% bonds? (Age 28)
Replies: 90
Views: 3651

Re: BRK A vs. B

[B]ut why would there be new (non millionaire) owners? I suspect your assumption is the key to your answer. Most of the new A share owners are probably high net worth individuals, institutions, and organizations (e.g., asset managers). If you're wondering why B shares exist at all, many years ago p...
by danwhite77
Tue Feb 17, 2015 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: BRK A vs. B
Replies: 36
Views: 2388

Re: BRK A vs. B

I have a long (LONG) term goal of owning the equivalent of one BRK-A share in the form of the 1500 BRK-B shares. I'm going to assume that you're not deep into the multimillions. If that is the case, my reasoning for buying BRK-B might apply to you. That is, my reasoning is that if, down the road, I ...
by danwhite77
Tue Feb 17, 2015 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: BRK A vs. B
Replies: 36
Views: 2388

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

Gotta love it on Bogleheads when an 8 degree Fahrenheit difference turns a comparison into apples and oranges! Remember, we're not talking about expense ratios here! :happy These are the temperatures Nicor provided on our bill for the following months: NOV 2013: 39 2014: 46 DEC 2013: 26 2014: 35 JAN...
by danwhite77
Mon Feb 16, 2015 2:36 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 50
Views: 5401

Re: Marvin vs. Andersen Windows: The Eternal Struggle

Epilogue To anyone looking at this thread for guidance, I ultimately went with Marvin Ultimate Clad windows. They're great. Unfortunately, I can't speak to how they would compare to Andersen, even at the sales pitch level, because I was unable to find a sales person that would talk to me about &quo...
by danwhite77
Mon Feb 16, 2015 10:46 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 38
Views: 8043

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

EPILOGUE: Thanks to everyone who weighed in on the spray foam v. blow-in insulation question that I posted here. Ultimately, last fall (2014) I had blow-in insulation installed (R49 total) and had R19 insulation batts draped over the duct work in the attic. Now that we're well into a winter that is...
by danwhite77
Mon Feb 16, 2015 10:39 am
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 50
Views: 5401

Re: Buying As Is Home

You didn't mention anything about the foundation. If that's fine, I wouldn't be overly concerned. If it's the house you want in a great area, that's what's important. The rest of the items you listed can be fixed. They'll cost you money and, if you're like me, at some point you'll ask yourself why y...
by danwhite77
Sun Feb 15, 2015 11:59 am
 
Forum: Personal Consumer Issues
Topic: Buying As Is Home
Replies: 27
Views: 2133

Re: A true Boglehead!

I'm a fan of both Bogle and Buffett. You'd be surprised how similar they are at bottom. They spoke to each other on a CNBC interview back in 2008. Jack Bogle: Hey, Warren. It's (Squawk Box guest host) Jack Bogle. How are you this morning? Good to be in the same show with you. Buffett: Well, listen, ...
by danwhite77
Wed Feb 04, 2015 9:23 pm
 
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 47
Views: 3157

Re: Telescopes?

OP - Below is an email that I sent to a friend a couple of years ago to give him a crash course in purchasing / researching telescopes for his kid: [Edit - I see that you're aren't looking for a large dob, so you can disregard the specific scope recommendation. The rest of the information is univers...
by danwhite77
Mon Feb 02, 2015 12:29 am
 
Forum: Personal Consumer Issues
Topic: Telescopes?
Replies: 21
Views: 1354

Re: Mac reliability?

Most people that use Macs do so because they don't want to spend their time tinkering with every nook and cranny of a computer, so they may be more prone to make calls (even when their computer is running fine) that Windows users wouldn't. I switched to Mac in 2009 and I have never looked back. I bo...
by danwhite77
Fri Jan 30, 2015 4:31 pm
 
Forum: Personal Consumer Issues
Topic: Mac reliability?
Replies: 89
Views: 4662

Re: Success stories of NOT buying more/too much house

When it comes to success stories, Warren Buffett has been asked why he doesn't have a house that many billionaires have and his standard answer is that he's happy there and he's cool in the summer and warm in the winter. good point.. Buffett is just about the best example you can cite for this thre...
by danwhite77
Sun Jan 25, 2015 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 6198

Re: Success stories of NOT buying more/too much house

I guess I'll be a little bit braggy here, with apologies in advance because my wife and I are kind of the poster children for not caring about the Joneses. We have four kids, so there are six of us total. In 2012 we bought a five bedroom house for 450k in cash (2000 square feet above grade). With th...
by danwhite77
Sun Jan 25, 2015 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 6198

Re: What age did you pay off your "forever" home

We bought what we hope will be a home we stay in for 20 years or so for cash a few years ago at ages 35 (me) and 34 (DW).
by danwhite77
Fri Jan 23, 2015 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you pay off your "forever" home
Replies: 52
Views: 4212

Re: Debt payoff or retirement savings?

There's a good wiki here at Bogleheads on this topic:

http://www.bogleheads.org/wiki/Paying_d ... _investing
by danwhite77
Thu Jan 22, 2015 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff or retirement savings?
Replies: 8
Views: 669

Re: 529 Plans Reform

This thread should be merged with

viewtopic.php?f=2&t=156097
by danwhite77
Tue Jan 20, 2015 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: 529 Plans Reform
Replies: 24
Views: 1409

Re: Are 529 plan withdrawals taxable in the future?

This makes me furious. Thanks for alerting me to this dramatic change. Here's the official press release: http://www.whitehouse.gov/the-press-office/2015/01/17/fact-sheet-simpler-fairer-tax-code-responsibly-invests-middle-class-fami He's basically turning what was a Roth IRA type vehicle into a non-...
by danwhite77
Tue Jan 20, 2015 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are 529 plan withdrawals taxable in the future?
Replies: 20
Views: 1722

Re: Cash Back Credit Cards

CapitalOne Quicksilver. 1.5% and no need to open up a separate account (such as a savings / investment account) anywhere. You can set up the reward so it automatically reduces your card balance when it hits a pre-set amount such as $25 or just manually redeem the rewards whenever you want.
by danwhite77
Wed Dec 10, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash Back Credit Cards
Replies: 90
Views: 13072

Re: Outdoor HDTV Antenna and DVR Setup

Here's an update with my plan: I picked up the DB4e antenna from Antennas Direct. They price matched with Amazon so total with a VHF adapter was ~$90 shipped. They have a 90 day money back return policy and the customer service has been great. I also picked up some coax cables and couplers from mon...
by danwhite77
Wed Dec 10, 2014 10:23 am
 
Forum: Personal Consumer Issues
Topic: Outdoor HDTV Antenna and DVR Setup
Replies: 50
Views: 6101

Re: Outdoor HDTV Antenna and DVR Setup

Another vote here for AntennasDirect. We've been using their antennas for five years now and they work extremely well. The DB4e linked above would almost certainly do the trick. We have an old DB2 in our attic and we're about 15 miles away from most signals and we never have signal problems. If you ...
by danwhite77
Wed Dec 10, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Outdoor HDTV Antenna and DVR Setup
Replies: 50
Views: 6101

Re: What do you do with Fidelity Rewards?

Fidelity offers both Visa Signature and AMEX cards. The rewards are intended to go into existing investment accounts. I have neither. If the purpose of the card is to feed your investment accounts (save for retirement), why is the card used for cash purchases? I find it interesting that those who a...
by danwhite77
Fri Dec 05, 2014 11:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: What do you do with Fidelity Rewards?
Replies: 34
Views: 1930

Re: Now I certainly do not understand investments in Hedge F

You might be interested in this article today that talks about Buffett's bet with a hedge fund regarding whether the S&P 500 can beat the hedge fund's return over ten years. There's still plenty of time left on the clock and if the S&P 500 tanks between now and when the bet ends (there are s...
by danwhite77
Thu Dec 04, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Now I certainly do not understand investments in Hedge Funds
Replies: 9
Views: 1171

Re: Will Vanguard ever offer a passbook savings account?

I'm having trouble finding it now, but I believe when McNabb was on Twitter answering questions several years ago, I asked him this very question (i.e., will you open an online bank?). His response was something along the lines of 'there are regulatory hurdles to Vanguard opening a bank, but we are ...
by danwhite77
Tue Dec 02, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2476

Re: Downhill Skis

You may want to PM fishnskiguy and EmergDoc. They are among the hard core skiers on the board.
by danwhite77
Tue Dec 02, 2014 11:37 am
 
Forum: Personal Consumer Issues
Topic: Downhill Skis
Replies: 10
Views: 1329

Re: Which degree makes more sense for a late starter

3. Option 3: A few advisors and friends have suggested law school. Law school is only advisable in a very, very narrow set of circumstances. The following links are required reading for anyone currently considering law school: http://insidethelawschoolscam.blogspot.com/ http://www.amazon.com/Dont-L...
by danwhite77
Tue Dec 02, 2014 11:23 am
 
Forum: Personal Consumer Issues
Topic: Which degree makes more sense for a late starter
Replies: 54
Views: 4073

Re: Bumped out of first class at boarding - compensation?

United is the worst, fly (or buy your tickets through) any airline other than United.
by danwhite77
Mon Nov 24, 2014 11:09 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 61
Views: 8973

Re: 75w LED bulb in a 60w socket?

I've done exactly this in a number of fixtures (for the same reason) and they've been fine for the past year. My only caveat is that LEDs don't like to get too hot, so if your fixture is closed you might want to keep that in mind. But if air escapes from the fixture at any point, you're probably fin...
by danwhite77
Mon Nov 17, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: 75w LED bulb in a 60w socket?
Replies: 14
Views: 2956

Re: Good books about Warren Buffett?

Snowball is terrible. It's written as if the editors of US Weekly decided to write a biography of Buffett composed of nothing other than gossip about the personal lives of the people around him. I couldn't make it more than 50 pages. Atrocious. On the other hand, "Buffett: The Making of an Amer...
by danwhite77
Tue Nov 11, 2014 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: Good books about Warren Buffett?
Replies: 18
Views: 1128

Re: What individual stock?

The only individual stock I hold in a meaningful amount is Berkshire Hathaway.
by danwhite77
Fri Nov 07, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: What individual stock?
Replies: 20
Views: 1516

Re: Is Vanguard a good place to invest?

I've invested using a number of different organizations over the years, Vanguard, Fidelity, Schwab, Ameritrade, Zecco, Tradeking, and any number of banks. Vanguard has always had great service for me, on par or better than any other organization. The difference is that they don't charge me as much!
by danwhite77
Mon Nov 03, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard a good place to invest?
Replies: 59
Views: 5428

Re: Comparing Total Returns of Top CD Offerings with an S&P

That's a silly blog post. The average return for the S&P 500 isn't much more than the CD yields back in 06 and 07. The S&P has yielded 9.8% on average (reinvested dividends) since 1965. So you would expect the average, depressed by a deep bear market, to yield less than cherry picked high yi...
by danwhite77
Sun Nov 02, 2014 10:51 pm
 
Forum: Investing - Theory, News & General
Topic: Comparing Total Returns of Top CD Offerings with an S&P 500
Replies: 38
Views: 2385

Re: What online banks do you like for savings or MMA?

I use Ally and I'm happy with them. I used to use CapitalOne, for a long time. I became fed up when it seemed like CapOne had multiple online savings options and somehow my option was never the highest advertised interest rate. I chose Ally for that reason, they have one rate for savings and that's ...
by danwhite77
Wed Oct 29, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What online banks do you like for savings or MMA?
Replies: 47
Views: 3924

Re: It's a good day to adhere to your IPS

sailfish2 wrote:I am somewhat of a newbie - what's an IPS?


Investment Policy Statement. http://www.bogleheads.org/wiki/Investme ... _statement

If you're new, I recommend checking out the wiki here: http://www.bogleheads.org/wiki/Main_Page
by danwhite77
Wed Oct 15, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: It's a good day to adhere to your IPS
Replies: 19
Views: 2020

Re: It's a good day to adhere to your IPS

I think it's just a reminder--every day is a good day to adhere to your IPS. That's right, Paul, and it's also a response to the number of silly threads we've seen lately with people being a bit braggy about whatever asset class they favor. For example: Bonds: http://www.bogleheads.org/forum/viewto...
by danwhite77
Wed Oct 15, 2014 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: It's a good day to adhere to your IPS
Replies: 19
Views: 2020

It's a good day to adhere to your IPS

Just like every other day of the year, regardless of what the market does.

Sure, it's not as fun as "It's a good day to be heavy in [insert whatever is up today]," but are we not Bogleheads?
by danwhite77
Wed Oct 15, 2014 9:33 am
 
Forum: Investing - Theory, News & General
Topic: It's a good day to adhere to your IPS
Replies: 19
Views: 2020

Re: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rat

There are a lot of factors that go into buying a house and interest rates are only one of the factors. I am a big Buffett fan but he's not always right. I think the quote above is what he doesn't understand. The U.S. population's opinion of real estate and their own job security has been altered by...
by danwhite77
Fri Oct 10, 2014 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rates
Replies: 77
Views: 10138

Re: When people put all their eggs in the wrong basket

Even a Vanguard actively-managed fund got caught up pretty severely. Vanguard Capital Value fund had 2% of its portfolio in GTAT Boggles my mind that any fund, Vanguard or otherwise, with the term "Value" in its name could have been holding GTAT. How is that a "value" company? G...
by danwhite77
Thu Oct 09, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 233
Views: 31468

Re: When people put all their eggs in the wrong basket

Since Jim Cramer has come up repeatedly in this thread, I thought you all might get a kick out of this parody article on his show:

http://www.theonion.com/articles/everyo ... -no,32346/
by danwhite77
Thu Oct 09, 2014 9:59 am
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 233
Views: 31468

Re: Am I on Track?

First step is that you should definitely relax! :happy

Check out the wiki on retirement planning: http://www.bogleheads.org/wiki/Boglehea ... art-up_kit

For other research, here's the main wiki page: http://www.bogleheads.org/wiki/Main_Page
by danwhite77
Mon Oct 06, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I on Track?
Replies: 16
Views: 1664

Re: Sump Pump Running Every 8 Minutes?

I agree with Tigermoose's guess. I had the same issue, my house had a sump pump that fed into the sewer. That's definitely not code, but people do it (for multiple reasons, I'm sure) because if you're in a cold climate you can be certain the line won't freeze at any time. What you should do is deter...
by danwhite77
Mon Oct 06, 2014 11:34 am
 
Forum: Personal Consumer Issues
Topic: Sump Pump Running Every 8 Minutes?
Replies: 18
Views: 2277
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