Search found 196 matches

by jasc15
Thu Sep 03, 2015 6:56 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 545
Views: 78229

Re: What are you up YTD? [Year To Date]

-0.15%

Thanks to longinvest for this great spreadsheet:
Image
by jasc15
Thu Aug 27, 2015 9:30 am
Forum: Personal Consumer Issues
Topic: How to get best deal on a rental car ?
Replies: 29
Views: 2414

Re: How to get best deal on a rental car ?

This is anecdotal, but I was able to find a 6-day rental at Denver Airport on vroomvroomvroom.com for $144 at Alamo. For the several weeks before I booked, the price for the same reservation was around $270.
by jasc15
Tue Aug 25, 2015 2:47 pm
Forum: Investing - Theory, News & General
Topic: What to do in this market environment
Replies: 3
Views: 1464

Re: What to do in this market environment

So for folks who re-balance annually, would it make sense instead to re-balance "in this environment" due to the sudden change to their asset allocation?
by jasc15
Thu Aug 20, 2015 7:21 am
Forum: Personal Consumer Issues
Topic: Must buy leftover oil at home closing in NY?
Replies: 7
Views: 823

Re: Must buy leftover oil at home closing in NY?

I've heard of this before. I find it strange that such a relatively small value item (relative to the home price) is itemized and considered separately. Do you pay for the toilet paper left in the bathroom(s) too?
by jasc15
Wed Aug 12, 2015 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Expense Ratio is Only For Gains?
Replies: 14
Views: 1485

Re: Expense Ratio is Only For Gains?

It's my understanding that the expense ratio is deducted from the funds net assets regardless of gains or losses.
by jasc15
Wed Aug 12, 2015 9:35 am
Forum: Personal Consumer Issues
Topic: Architectural Shingles VS Metal Roof
Replies: 30
Views: 2129

Re: Architectural Shingles VS Metal Roof

What is the relevant climate and exposure? Is $9k a meaningful or trivial percentage of the value of the home? 9k is 9k, whether it is 3% of the home value or 25% is irrelevant. You are obviously falling for the "percentage fallacy". http://lesswrong.com/lw/1i/its_the_same_five_dollars/ T...
by jasc15
Wed Aug 12, 2015 8:17 am
Forum: Personal Consumer Issues
Topic: Comparing cars by per-mile cost. Fixed v. variable costs?
Replies: 5
Views: 497

Comparing cars by per-mile cost. Fixed v. variable costs?

I've broken down my current car's cost-per-mile as such: $0.135/mi - (Purchase price) / (assume 7 years) / (avg. miles driven per year) $0.106/mi - Fuel $0.082/mi - Insurance $0.047/mi - Maintenance (total spent to date) / (miles driven to date) $0.371/mi - Total cost per mile Now, when comparing th...
by jasc15
Tue Aug 11, 2015 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Six Sigma
Replies: 17
Views: 2036

Re: Six Sigma

I am a six sigma green belt. It is only useful if the company culture follows six sigma, or an equivalent operations strategy. The company who sent me to training spent a lot of money on everyone, only to continue doing business a it had before, so it was essentially useless. It has potential for su...
by jasc15
Tue Aug 11, 2015 7:31 am
Forum: Investing - Help with Personal Investments
Topic: How to Save for a DownPayment on a Home
Replies: 6
Views: 1036

Re: How to Save for a DownPayment on a Home

You say you are comfortable with that risk, but are you really? What if you loose half of your money, and it takes >10 years to recover it? Even for periods longer than 10 years, 11% is quite optimistic.
by jasc15
Mon Aug 10, 2015 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Former Housemate Owes Money - What to do?
Replies: 97
Views: 6128

Re: Former Housemate Owes Money - What to do?

Remonds me of a scene from the movie A Bronx Tale . "C": Louie Dumps owes me $20. It's been two weeks now and he keeps dodging me. Sonny: Yeah? "C": Should I crack him one, or what? Sonny: What's the matter? What have I said? Sometimes hurting somebody ain't the answer. Is he a g...
by jasc15
Fri Aug 07, 2015 9:03 am
Forum: Personal Consumer Issues
Topic: Best used car for under 15k?
Replies: 40
Views: 3489

Re: Best used car for under 15k?

I too am looking for a used car in the same price range. I owned a 2008 Nissan Altima which I liked very much, and am seriously considering a 2013 or newer version, since they get 27/38 mpg. Its larger and more comfortable than a civic with nearly identical mpg (28/39).
by jasc15
Wed Aug 05, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: I do my own taxes. Should I use a CPA anyway to develop a relationship?
Replies: 11
Views: 1135

Re: I do my own taxes. Should I use a CPA anyway to develop a relationship?

Isn't having a "relationship" with a CPA similar to having a "relationship" with a paid financial advisor or insurance/annuity salesperson? If you want to buy the service, buy it, but keep it as a customer-vendor relationship unless you have another need to do otherwise. :) This...
by jasc15
Wed Aug 05, 2015 8:42 am
Forum: Personal Finance (Not Investing)
Topic: I do my own taxes. Should I use a CPA anyway to develop a relationship?
Replies: 11
Views: 1135

Re: I do my own taxes. Should I use a CPA anyway to develop a relationship?

Thanks. Maybe the need for these services is not too great for folks of modest means. When I said "truly wealthy" I didn't mean "very wealthy", I just meant it in the sense the authors of TMND meant, that is the prodigious accumulators of wealth . The folks who earn 75k/year with...
by jasc15
Wed Aug 05, 2015 7:16 am
Forum: Personal Finance (Not Investing)
Topic: I do my own taxes. Should I use a CPA anyway to develop a relationship?
Replies: 11
Views: 1135

I do my own taxes. Should I use a CPA anyway to develop a relationship?

I am reading The Millionaire Next Door , and a common theme is that the true wealthy have cultivated close relationships with CPA's, lawyers, investment consultants, insurance agents, etc., though often through their own business relationships (I am not, nor am I likely to be a business owner in my ...
by jasc15
Fri Jul 17, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: 60K Car Maintenance Service = $600. Is this Reasonable?
Replies: 51
Views: 4560

Re: 60K Car Maintenance Service = $600. Is this Reasonable?

My car is beyond 60k miles, but the maintenance manual says the following for 60k: Engine Oil and filter, replace Service Reminder Indicator, reset Fuel lines, check Exhaust System/ check for damage leaks Spark Plugs/ replace Coolant Level, check/ adjust Battery, check fluid level and mounting Power...
by jasc15
Thu Jul 16, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Is there something like a "Bogleheads Guide to Insurance"?
Replies: 7
Views: 1301

Re: Is there something like a "Bogleheads Guide to Insurance"?

I think Jack Hungelmann's Insurance for Dummies is a very good consumer guide. Patrick I will be picking this up once it arrives at my local library, thanks. What I'm hoping to find is a recommended "suite" of insurance which I can determine based on my life situation. My wife and I curre...
by jasc15
Tue Jul 14, 2015 12:55 pm
Forum: Personal Consumer Issues
Topic: Colorado Vacation suggestions
Replies: 53
Views: 5111

Re: Colorado Vacation suggestions

Well, we didn't leave the train since we were between stops, and surrounded by about 5 feet of snow. However, it was probably in the upper 40s I would guess. I did not have a jacket, just a long sleeve cotton shirt and was comfortable. The weather was sort of strange since you have cold air and hot ...
by jasc15
Tue Jul 14, 2015 8:44 am
Forum: Personal Consumer Issues
Topic: Colorado Vacation suggestions
Replies: 53
Views: 5111

Re: Colorado Vacation suggestions

I'll offer what my wife and I did on our recent trip there: AirBNB in Arvada, then drove up to Rocky Mountain National Park through Estes Park (this is a town, not another park) for a hike from Bear Lake to Emerald Lake, both of which were frozen in early April. We had excellent weather that day and...
by jasc15
Tue Jul 14, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Is there something like a "Bogleheads Guide to Insurance"?
Replies: 7
Views: 1301

Re: Is there something like a "Bogleheads Guide to Insurance"?

Yes, I've read that article and several of the articles linked within. I'm asking if there are some recommended books on insurance that are in a similar vein as those recommended on this site for investment, retirement planning, etc.
by jasc15
Mon Jul 13, 2015 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is there something like a "Bogleheads Guide to Insurance"?
Replies: 7
Views: 1301

Is there something like a "Bogleheads Guide to Insurance"?

I've learned a lot about insurance simply by picking up posts here and there in response to specific questions on various types of insurance (auto, life, disability, etc.), even when the question wasn't relevant to my situation. However, if there existed a book along the same lines as some of the re...
by jasc15
Fri Jul 10, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: look at structured notes
Replies: 16
Views: 1426

Re: look at structured notes

The advisor of a trust for which I am a trustee recently tried to sell me on a structured note. Of course his descriptions were gleaming with opportunity, the first bit of reading I did about them (some from this site's wiki) said to avoid like the plague.
by jasc15
Tue Jun 30, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: Learning Guitar
Replies: 30
Views: 3651

Re: Learning Guitar

I have a Picture Chord Encyclopedia and a Pop Rock Fake Book , which I can use to learn almost any song. It would be useful to take some introductory lessons to learn proper technique, and a bit of theory (which helps to understand what it means to play in a key, and to understand the chord shapes r...
by jasc15
Tue Jun 23, 2015 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Response from advisor on fees - yikes!!!
Replies: 4
Views: 1377

Re: Response from advisor on fees - yikes!!!

Yikes, indeed. I have become a trustee and am afraid to even ask what the advisor's fee is, since the mutual funds alone average 1.7% in expense ratios/12b-1 fees. It would be interesting to see the response.
by jasc15
Mon Jun 22, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 24953

Re: When saving money becomes an irrational obsession

This reminds me of the wealthy old relative in the family. He had a rotary dial phone until around 2009 because there was a small surcharge for pulse dialing. I have a DOCSIS 2.0 cable modem which limits my download speed to 20 MBPS because I refuse to rent a DOCSIS 3.0 from Time Warner for $7/mont...
by jasc15
Wed Jun 17, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2256

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

The trust is to provide income as needed for my grandmother as long as she is living, with my father and aunt (her two children) as both trustees and beneficiaries. My father died last year, and my sister and I are to get my father's half of the trust upon my grandmothers passing ( per stirpes , as ...
by jasc15
Tue Jun 16, 2015 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2256

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

I'm not happy about the investments either (perhaps that's what you meant when you said "there are lots of issues here..."), and made that known to my father while he was living and acting as trustee. Now that I am trustee, is it feasible (from a financial/investment point of view) to diss...
by jasc15
Tue Jun 16, 2015 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2256

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

My mistake. It is a Settlor's Trust. This trust agreement is made on [DATE] by and between [NAME], herinafter called the Settlor, and [NAMES] herinafter called the Trustees. The Settlor desires, by this agreement, to create a living irrevocable trust. With regards to the comments about obtaining leg...
by jasc15
Mon Jun 15, 2015 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2256

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

There are lots of issues here, so you may want to consult with competent trusts and estates counsel. Being a trustee, I have say in how it is invested, so against whom would I litigate? If you aren't referring to litigation, what would I be seeking with legal counsel? Inheritances makes some people...
by jasc15
Mon Jun 15, 2015 11:01 am
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2256

I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

I have become a trustee (and a beneficiary) in place of my father recently ( here is a thread on the subject ), and have been going through the complex web of investments. Here is the total trust allocation: 5% CD 34% Variable Annuity (increased to 1.8x its initial value since 11/2008) 23% Fixed ann...
by jasc15
Fri May 29, 2015 10:28 pm
Forum: Investing - Theory, News & General
Topic: World's worst market timer. Buy high, sell... never?
Replies: 12
Views: 2630

Re: World's worst market timer. Buy high, sell... never?

I know it is sometimes inconvenient to read from an outside webpage so I included the full text for reader convenience, as well as the link for proper reference. Although there doesn't appear to be a copyright notice on the referenced blog, I will edit my OP to summarize the main points per the foru...
by jasc15
Fri May 29, 2015 3:02 pm
Forum: Investing - Theory, News & General
Topic: World's worst market timer. Buy high, sell... never?
Replies: 12
Views: 2630

World's worst market timer. Buy high, sell... never?

Just came across this. Thought it might be a fun read. http://awealthofcommonsense.com/worlds-worst-market-timer/ Bob makes all his stock purchases at historic high points over the past 40 years. Meet Bob. Bob is the world’s worst market timer. What follows is Bob’s tale of terrible timing of his st...
by jasc15
Fri May 22, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 105
Views: 13173

Re: Friends/Family that don't invest!

"It doesn't make sense to save for the future because you never know what will happen tomorrow. You may not be in a situation to enjoy your money later, so you might as well enjoy yourself today" This is basically my mother's attitude. Nothing saved for retirement, and now has been out of ...
by jasc15
Wed May 06, 2015 9:56 am
Forum: Personal Consumer Issues
Topic: Frugal car maintenance - Lexus serviced by Toyota
Replies: 49
Views: 4061

Re: Frugal car maintenance - Lexus serviced by Toyota

Perhaps useful here, my local Volvo dealer performed an oil change with oil and filter supplied by me for $20. The only reason I brought it there in the first place was to investigate some potentially serious problem, which turned out to be nothing. I asked what they charge for a synthetic oil chang...
by jasc15
Tue May 05, 2015 1:06 pm
Forum: Personal Consumer Issues
Topic: Wisconsin vacation ideas
Replies: 34
Views: 2677

Re: Wisconsin vacation ideas

EAA Airventure in Oshkosh! EAA is the Experimental Aircraft Association, which focuses mainly on homebuilt and experimental aircraft, however the show has drawn the Concorde, Airbus A380 and Boeing 787. Many vintage planes show up, including the only flying B29. I've never been, but it is on the bu...
by jasc15
Mon May 04, 2015 11:50 am
Forum: Investing - Theory, News & General
Topic: "Don't invest in something you don't understand."
Replies: 55
Views: 3801

Re: "Don't invest in something you don't understand."

I've adjusted this idea for myself to say "Don't invest in something you don't understand to a level that makes you comfortable".
by jasc15
Fri May 01, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 3363

Re: The Engineer's Guide to Investing

Here is a big one IMO... It's NOT repeat NOT a science... It cannot be reduced to the double derivative and calculated :D Some relevant humor: http://imgs.xkcd.com/comics/drama.png This happens in geek circles every so often. The 'Hey, this is just a system I can figure out easily!' is also a probl...
by jasc15
Thu Apr 30, 2015 5:04 pm
Forum: Personal Consumer Issues
Topic: Freshly roasted coffee beans
Replies: 29
Views: 2192

Re: Freshly roasted coffee beans

I got a hand-me-down espresso machine from a friend, and my wife and I have a cappuccino several times a week since. We haven't even gone through 1/4 pound of beans in almost 3 weeks. Since all I read about fresh roasted coffee is that it should be consumed within 7-10 days, I don't understand how f...
by jasc15
Tue Apr 28, 2015 11:07 am
Forum: Personal Consumer Issues
Topic: Freshly roasted coffee beans
Replies: 29
Views: 2192

Re: Freshly roasted coffee beans

I've never ordered coffee online, but there is a roaster near where I live that also sells online. Shipping seems expensive, but I don't know what's typical for coffee.

https://secure.beyondthenet.com/~moon// ... affiliate=
by jasc15
Thu Apr 23, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3117

Re: Becoming Trustee. Do they need my income and net worth?

So I sent an email to the financial advisor asking several questions, including the following: On the Client Profile Worksheet there are questions regarding my personal financial details which I don't feel comfortable disclosing, and I don't feel are necessary or relevant for becoming a trustee. Als...
by jasc15
Tue Apr 21, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3117

Re: Becoming Trustee. Do they need my income and net worth?

My source for saying that it is an irrevocable trust is information from the original poster. I also see that it is an irrevocable trust. I think there is a good chance that the trust was created purposely as an irrevocable trust to get the funds out of her estate and thus to not be available to he...
by jasc15
Tue Apr 21, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 13033

Re: How much do you pay in Property Taxes?

Wow I will try never to grumble about our almost 9K tax (1.86% in metrowest MA). I've never heard of >3% property tax before this - what are you getting for your money? I ask myself the same question. Since I usually go by the adage "there is no free lunch", what are you getting for 3% pr...
by jasc15
Tue Apr 21, 2015 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3117

Re: Becoming Trustee. Do they need my income and net worth?

To my knowledge, the trust was created to place the proceeds of the sale of her house (though I see dates 2 years before the sale), at which time she was beginning to decline in health. By the time she entered the assisted living facility, she was past the 5 year medicaid look-back period.
by jasc15
Tue Apr 21, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 13033

Re: How much do you pay in Property Taxes?

As a slight tangent regarding tax basis, why in some areas are assessed values sometimes wildly different than market values, and in other areas almost the same?
by jasc15
Tue Apr 21, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 13033

Re: How much do you pay in Property Taxes?

I live in Northern NJ, but I rent. Looking at houses though, property taxes seem to be around 3% of the home value.
by jasc15
Thu Apr 16, 2015 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3117

Re: Becoming Trustee. Do they need my income and net worth?

I know the value of the trust, its financial content and progress, as I can access it online. My father gave me the login information, and my mother continues to get monthly statements. The only distributions from the account are to pay any taxes owed each year, the checks for which are signed by my...
by jasc15
Thu Apr 16, 2015 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3117

Re: Becoming Trustee. Do they need my income and net worth?

I will get my hands on the trust document. About a month ago wanted to find out where the division of responsibilities lay between the investor and the lawyer, so I called the lawyer. She told me that she couldn't send me the trust document, but I could be made a trustee. I know that my aunt is the ...
by jasc15
Thu Apr 16, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3117

Becoming Trustee. Do they need my income and net worth?

A trust was created in my (still living) grandmother's name (I don't know what type; revocable, irrevocable, etc.), for which my father and aunt were trustees. My father died about a year ago and I figured I should become trustee in his place. The paperwork they sent me includes a "Client Profi...
by jasc15
Thu Mar 12, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: Mathematical: Am I on track towards my retirement goal?
Replies: 21
Views: 2390

Re: Mathematical: Am I on track towards my retirement goal?

I do it using this format I learned in an engineering economics class: (Future Annual Spending)*25 = P*(F/P,7%,30) + A*(F/A,7%,30) + G*(F/G,7%,30) Using 7% and 30 years, the following factors apply: (Future Annual Spending)*25 = P*(7.6123) + A*(94.46) + G*(920.87) If i have $100k invested now (P = $...
by jasc15
Wed Mar 11, 2015 9:22 am
Forum: Personal Consumer Issues
Topic: Where to retire in New England?
Replies: 101
Views: 9292

Re: Where to retire in New England?

In college I lived and worked 2 summers in NH and northeast MA. In that time, I visited Lake Winnipesaukee several times and have dreamed of the place ever since. I am far from retirement, but in the back of my mind somewhere is a dream of retiring on/near that lake.
by jasc15
Wed Mar 04, 2015 2:59 pm
Forum: Personal Consumer Issues
Topic: Car Repair [Maintenance vs. repair costs]
Replies: 20
Views: 2533

Re: Car Repair [Maintenance vs. repair costs]

I would ask how many miles of service you would be buying with a repair, not whether its worth it on an old car. A $2000 repair on a $5000 car might sound crazy, but if you get another 20,000 miles out of it, the repair cost $0.10/mile. A new $25,000 car would need to last 250,000 miles for the same...

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