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Re: Do parents still charge their kids room and board?

amitb00 wrote:If you charge, is it because you need the rent or you want kids to learn life lessons?


It would be to learn responsibility and ease them into the world of paying your way.
by kenschmidt
Sun Apr 19, 2015 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do parents still charge their kids room and board?
Replies: 9
Views: 791

Do parents still charge their kids room and board?

A recent thread about kids returning from college and living at home made me think about this topic. When I graduated from college, I moved back home for a year. My mom said you are welcome to live here as long as you'd like, but asked me to pay "room and board" of $125. I was fine with th...
by kenschmidt
Sun Apr 19, 2015 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do parents still charge their kids room and board?
Replies: 9
Views: 791

Re: Single best piece of personal finance advice ever receiv

Save as much as you can as early as you can.
by kenschmidt
Sun Apr 19, 2015 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 83
Views: 5461

Re: What Guaranteed Return Would You Require to Move All Ass

5% Real as that would get me to my "best case" goal for retirement age.
by kenschmidt
Sun Apr 19, 2015 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: What Guaranteed Return Would You Require to Move All Assets
Replies: 50
Views: 2484

Re: New York New York casino

Taking my son here before he leaves for another tour of duty overseas. Any good restaurants or ideas Etc? My wife and I are Harrah's regulars. So it's just me and my son. He wanted NYNY. How fast are the cocktail girls with the drinks when I'm gambling. Cause Harrah's and PH are really good, I usua...
by kenschmidt
Sun Apr 19, 2015 11:30 am
 
Forum: Personal Consumer Issues
Topic: New York New York casino
Replies: 9
Views: 1401

Re: Trying to Help Parents - No EOI Life Insurance?

I am sorry to hear of your situation. I do have a question - if your mom is terminally ill, what need does your father have for a term life insurance policy? Do you still have dependent brothers and sisters living at home for which your father needs to be able to provide for? If not, it seems like a...
by kenschmidt
Sun Apr 19, 2015 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Trying to Help Parents - No EOI Life Insurance?
Replies: 22
Views: 1479

Re: Home stereo system conversion to digital

That is a pretty cool solution... As to sound quality, MP3 is not is good as CD. But, can you hear the difference? Based on some double blind studies I have seen, most people cannot reliably pick out the CD version vs. the MP3 version, although most people believe that they can going into the experi...
by kenschmidt
Sun Apr 19, 2015 10:33 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1841

Re: Coming to terms with low risk tolerance

In my opinion, what will hurt you the most is to set your allocation risk too high, and then panic and sell at the bottom. The investment world is littered with people who are overly aggressive when the market is hitting new highs, only to find out they can't stick to their plan when times get rocky...
by kenschmidt
Sun Apr 19, 2015 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 33
Views: 2226

Re: Is there a good IPOD alternative?

Well I would like to use it for mostly audiobooks and music. Audiobooks come in different formats, I believe. You would be able to listen to audiobooks on an iPod touch, as well as music; you could likely even read eBooks on the touch. My library lets me use the Overdrive app as mentioned above to ...
by kenschmidt
Sat Apr 18, 2015 11:57 am
 
Forum: Personal Consumer Issues
Topic: Is there a good IPOD alternative?
Replies: 27
Views: 1708

Re: Home stereo system conversion to digital

Seems like it should work based on everything I have seen. It looks like WinAmp bounced around a bit - originally developed by Nullsoft, then sold to AOL and then some other company bought it - but it looks to be well supported now with a forum etc. at Winamp.com. Not sure what the llama reference i...
by kenschmidt
Sat Apr 18, 2015 11:41 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1841

Re: What Is The Worst Car You Have Ever Owned?

I am lucky to be able to say I have never owned a really bad car looking back through the list of cars my wife and I have owned (some before we met): 72 Pontiac Catalina (bought $700, sold $400 - aka "The Chief" - my high school ride) 78 Chevy Impala (Dad's ex-company car - bought for $500...
by kenschmidt
Sat Apr 18, 2015 11:26 am
 
Forum: Personal Consumer Issues
Topic: What Is The Worst Car You Have Ever Owned?
Replies: 39
Views: 1713

Re: Home stereo system conversion to digital

Looks like maybe WinAmp is back...
by kenschmidt
Sat Apr 18, 2015 11:04 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1841

Re: Home stereo system conversion to digital

If you want to do something quick and easy, an Android phone or iPod would work. I plug my iPod into the RCA input jacks on the front of stereo receiver using a $10 cable I bought on Amazon. There's two options - either use the output from the headphone jack on the phone or for a little better qual...
by kenschmidt
Sat Apr 18, 2015 11:02 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1841

Re: Collecting: A Hobby First, Investment Second

As a coin collector, I enjoyed reading the article and agree - collect because you are interested in what you are collecting, not as an investment or with expectation that it will increase in value. Collectibles can come and go in popularity and most modern collectibles bought after they have become...
by kenschmidt
Fri Apr 17, 2015 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 33
Views: 2765

Re: Home stereo system conversion to digital

If you want to do something quick and easy, an Android phone or iPod would work. I plug my iPod into the RCA input jacks on the front of stereo receiver using a $10 cable I bought on Amazon. There's two options - either use the output from the headphone jack on the phone or for a little better quali...
by kenschmidt
Fri Apr 17, 2015 6:44 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1841

Re: Proof vinyl has higher music ceiling than mp3?

I remember when CD's first came out - just the ability to play an album and not have to deal with the clicks, pops and other noise of vinyl seemed to trump any perceived differences in sound. Sure, your average Led Zeppelin LP had enough sound volume to drown it out, but put on a classical LP or eve...
by kenschmidt
Thu Apr 16, 2015 8:44 pm
 
Forum: Personal Consumer Issues
Topic: Proof vinyl has higher music ceiling than mp3?
Replies: 36
Views: 2493

Re: Vehicle for tall people/Spouse wants 50k car help!

I am 6'5" so I have the same problem. One, you are probably going to run into problems with a lot of vehicles that have power sunroofs. These definitely limit headroom, so if you can find a vehicle without one, that will help. Unfortunately, they have become almost standard equipment on upscale...
by kenschmidt
Tue Apr 14, 2015 10:37 am
 
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 74
Views: 5096

Re: Favorite Boglehead Avatar?

I like EnglishGirl's blue and white bunny
by kenschmidt
Sun Apr 12, 2015 1:34 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4615

Re: How should I name my home Wi-Fi network?

I knew someone who always used names from the Lord of the Rings trilogy for wifi and server names - Mordor, Isengard, Gondor, Helm's Deep, etc. I don't think the name is really going to matter that much though.
by kenschmidt
Sun Apr 12, 2015 12:26 pm
 
Forum: Personal Consumer Issues
Topic: How should I name my home Wi-Fi network?
Replies: 55
Views: 4479

Re: Car Insurance

Probably the only way to tell for sure is to shop around a little to get some comparison pricing. It looks like your yearly premium is $1,045 which doesn't jive with $105 a month. Make sure you are not paying extra for monthly billing if you can afford to just write a check once a year. Your policy ...
by kenschmidt
Sun Apr 12, 2015 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Car Insurance
Replies: 12
Views: 1511

Re: regret and depression...how to deal with it

Life is full of regret if you let it creep into your thoughts. But the past is the past - you cannot change it so you must let it go and move on. I try to remember that I am going to go to sleep tonight in a comfortable bed, with a roof over my head, safe and with (more than) enough to eat for the d...
by kenschmidt
Sat Apr 11, 2015 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5669

Re: What is Sammy Savers net worth?

yay, another one of those how do you calculate net worth threads... Anyways, I do simple math because it is good enough for me. $1m with a yearly income of $10k (assuming he is eligible for his pension now). At 67 he'll have a yearly income of $25k in today's dollars. +1 Any income above $25k per y...
by kenschmidt
Sat Apr 11, 2015 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 3593

Re: What is Sammy Savers net worth?

yay, another one of those how do you calculate net worth threads... Anyways, I do simple math because it is good enough for me. $1m with a yearly income of $10k (assuming he is eligible for his pension now). At 67 he'll have a yearly income of $25k in today's dollars. +1 Any income above $25k per y...
by kenschmidt
Fri Apr 10, 2015 8:43 am
 
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 3593

Re: How to see protfolio allocation to EM

I would also consider the following from X-Ray to be emerging:

Latin America
Africa/Middle East
by kenschmidt
Tue Apr 07, 2015 7:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to see protfolio allocation to EM
Replies: 3
Views: 299

Re: Buy riding mower or hire service to cut grass?

The yearly cost of that service will be well in excess of $1,000. Over 10 years, you are likely looking at paying someone over $10k to mow your lawn. That's an awful lot of money from my perspective at least but it ultimately comes down to what you want (or do not want) to spend your money on.
by kenschmidt
Fri Apr 03, 2015 10:00 pm
 
Forum: Personal Consumer Issues
Topic: Buy riding mower or hire service to cut grass?
Replies: 56
Views: 3919

Re: Paying for children college

First off, you are way ahead of yourself here in my opinion to just conclude you can't afford something in 15 years based on an Internet calculator. Things do have a way of working out. Secondly, it sounds to me as you don't think you will be able to afford to pay for college on the terms you are tr...
by kenschmidt
Fri Apr 03, 2015 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7871

Re: Letter from Lawyer to enter my property to construct roa

Not a lawyer but I have had some experience with easements with my current home. Here are some random thoughts: 1) It is reasonable that there would have been an easement granted to a landlocked property, especially if an easement through your property is the most logical and direct route to road ac...
by kenschmidt
Thu Apr 02, 2015 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Letter from Lawyer to enter my property to construct road
Replies: 39
Views: 6276

Re: Amazon.com Goes Retro (1999) for April Fool's

Ah, the scroll down option was not obvious on this newfangled tablet thing...first order May 12,1999.
by kenschmidt
Wed Apr 01, 2015 9:31 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com Goes Retro (1999) for April Fool's
Replies: 18
Views: 2246

Re: Amazon.com Goes Retro (1999) for April Fool's

I am trying to remember when I first placed an order on Amazon.com. I am thinking it was around the 1999-2000 timeframe, but didn't see any way to determine that. I know that by comparison, I have been on eBay since 2001, and I think Amazon probably pre-dates that. I have an unopened copy of Netscap...
by kenschmidt
Wed Apr 01, 2015 8:00 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com Goes Retro (1999) for April Fool's
Replies: 18
Views: 2246

Re: A special day for two World War II veterans

It's great to see guys 90+ giving back to the community they live in. It really matters - congrats on getting recognized - the video gave me a smile.

Seeing a couple of WWII guys reminds me of my WWII veteran father in law - 89 and still going. Not quite like he used to, but still going. :happy
by kenschmidt
Wed Apr 01, 2015 7:07 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A special day for two World War II veterans
Replies: 20
Views: 1563

Amazon.com Goes Retro (1999) for April Fool's

My oldest son pointed this out to me - Amazon.com has their home page set to an image of their site from 1999 for today. Pretty amazing to see how far their site and websites in general have evolved since 1999 and the days of Nasdaq 5000. Well, never mind the Nasdaq 5000 thing - I guess not everythi...
by kenschmidt
Wed Apr 01, 2015 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com Goes Retro (1999) for April Fool's
Replies: 18
Views: 2246

Re: vanguard funds [exchange active for index in taxable]

I would be sure to compare to the proper index for Windsor II, which in my opinion would be Value Index. Windsor II has been pretty competitive with this index over the long run, a little less so recently - but all that said, I think Value Index would be the better choice in a taxable account especi...
by kenschmidt
Tue Mar 31, 2015 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard funds [exchange active for index in taxable]
Replies: 12
Views: 928

Re: Indexed Universal Life

Index UL products will typically have either a cap rate or a participation rate. A cap rate limits your possible gain in an up year to a certain percent while a participation rate says you get x% of an index's return. In exchange for giving up "the top end", you are protected from experien...
by kenschmidt
Sun Mar 29, 2015 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Indexed Universal Life
Replies: 6
Views: 659

Re: Rick Ferri's 30 year market forecast 2015

The point to me is not how accurate these projections will be - it is an almost certainty that they will not be accurate. The value in them is as a metric to use for planning. Do you just set the plan and come back in 30 years and hope for the best? No, you adjust your plan, take new numbers into ac...
by kenschmidt
Sat Mar 28, 2015 10:47 am
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's 30 year market forecast 2015
Replies: 137
Views: 13621

Re: The random stock portfolio bogey - beating the monkey

But the cap-weighted portfolio is actually tilted -- it is tilted away from the random, monkey, idiot portfolio which should be the logical center of gravity in the first place. Well it is tilted away from the market weight portfolio - but isn't that just the same thing as tilting towards small cap...
by kenschmidt
Fri Mar 27, 2015 6:58 pm
 
Forum: Investing - Theory, News & General
Topic: The random stock portfolio bogey - beating the monkey
Replies: 150
Views: 8723

Re: The Capitalism Distribution

I think this is one of the best arguments (besides the low cost thing) for owning a broad index fund like total stock market. From the article: 39% of stocks had a negative lifetime total return (2 out of every 5 stocks are a money losing investment) 18.5% of stocks lost at least 75% of their value...
by kenschmidt
Fri Mar 27, 2015 6:38 pm
 
Forum: Investing - Theory, News & General
Topic: The Capitalism Distribution
Replies: 5
Views: 895

Re: 50 K Credit Card Debt - any suggestions?

You might consider having him get in contact with a credit counseling service. There are non-profits that can help people put together a plan to get themselves out of this kind of mess. For example:

https://www.nfcc.org/index.php
by kenschmidt
Fri Mar 27, 2015 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: 50 K Credit Card Debt - any suggestions?
Replies: 5
Views: 602

Re: The Capitalism Distribution

I think this is one of the best arguments (besides the low cost thing) for owning a broad index fund like total stock market. From the article: 39% of stocks had a negative lifetime total return (2 out of every 5 stocks are a money losing investment) 18.5% of stocks lost at least 75% of their value ...
by kenschmidt
Fri Mar 27, 2015 9:43 am
 
Forum: Investing - Theory, News & General
Topic: The Capitalism Distribution
Replies: 5
Views: 895

Re: Apps for an individual CRM

You could use the built in calendar and contacts apps for the scheduling and keeping track of clients / leads and Evernote might work well for keeping client notes.
by kenschmidt
Thu Mar 26, 2015 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Apps for an individual CRM
Replies: 4
Views: 581

Re: New Furnace & A/C Unit

In fact, even if you wanted to move sooner than that, it might make sense to upgrade as any potential buyer will see the 25 year old system and assume it will need to be replaced soon anyway. Potential buyers would not know the age of the a/c until after inspection (I doubt homebuyers go into attic...
by kenschmidt
Thu Mar 26, 2015 11:59 am
 
Forum: Personal Consumer Issues
Topic: New Furnace & A/C Unit
Replies: 30
Views: 2930

Re: Kendrick Lamar: Rapper with Boglehead Principles?

The Beatles broke up???!!! Whaaaaaaat????
by kenschmidt
Thu Mar 26, 2015 11:45 am
 
Forum: Personal Consumer Issues
Topic: Kendrick Lamar: Rapper with Boglehead Principles?
Replies: 14
Views: 1600

Re: New Furnace & A/C Unit

When I did mine a couple of years ago, the payback period was in the 6-8 year range. In addition to the efficiency to be gained from a high efficiency furnace and high efficiency (15+ seer AC), there are also efficiencies due to the more modern systems using a DC powered blower fan instead of an AC ...
by kenschmidt
Thu Mar 26, 2015 11:35 am
 
Forum: Personal Consumer Issues
Topic: New Furnace & A/C Unit
Replies: 30
Views: 2930

Re: [Neighbor violating HOA rules by using] VBRO and Airbnb

I am the Treasurer of my HOA - it's a small one, but even we have liability insurance that covers all of the officers. I wouldn't serve on the board without it. I think the HOA needs to drive this. I would provide some informal assistance as to what you have observed but in terms of gathering writte...
by kenschmidt
Tue Mar 24, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 3929

Re: Vanguard Windsor II Fund

I've owned Windsor II since 1998. Based on my somewhat unscientific observations, it trailed the S&P 500 pretty badly in the 1998-2000 time frame. It then outperformed 2000-2007 or so and then I think has been pretty even with the 500 Index since. So it is possible that the timing of your invest...
by kenschmidt
Tue Mar 24, 2015 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Windsor II Fund
Replies: 11
Views: 1884

Re: Vanguard Windsor II Fund

About Windsor II: it would appear that the value approach to investing has not compared well to a broad index like the S&P 500 during the time I've owned Windsor II. I am not sure where you are getting your data leading you to this conclusion. Windsor II has significantly outperformed the S&...
by kenschmidt
Mon Mar 23, 2015 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Windsor II Fund
Replies: 11
Views: 1884

Re: Five most important things to be a successful investor?

1) Start saving as early as possible - you can never replace time lost
2) Develop an asset allocation and investing plan and stick to it no matter what
3) Keep your costs low
4) Diversify your investments
5) Ignore the noise, the market beaters, the market timers, etc.
by kenschmidt
Tue Mar 17, 2015 10:20 am
 
Forum: Investing - Theory, News & General
Topic: Five most important things to be a successful investor?
Replies: 38
Views: 4377

Re: Best source for US mint silver proof sets from 2000?

There are a large number of these available on eBay as well if you can't find a local coin store offering them.
by kenschmidt
Mon Mar 16, 2015 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best source for US mint silver proof sets from 2000?
Replies: 7
Views: 1026

Re: Do you still use currency or have you gone all-plastic?

I use cash for most transactions under $10 and for some local small businesses, under $25 or so as I know that credit card fees hit them especially hard.
by kenschmidt
Sun Mar 15, 2015 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you still use currency or have you gone all-plastic?
Replies: 47
Views: 3259

Re: Russell 2000 underperformance

The Russell 2000 is susceptible to "front running". Active investors know the criteria for selection of the stocks in the index and also know that the index is recalculated at the same time every year, so they use that information to their advantage to buy or sell stocks in advance of the ...
by kenschmidt
Sun Mar 15, 2015 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: Russell 2000 underperformance
Replies: 7
Views: 1156

Re: 86% of investment managers stunk in 2014

I think that the reason why 50% of active managers do not beat index funds in same category is because of..... 1. cost - expense of managing funds 2. cash - active funds probably carry a certain amount of cash for getting in and out of stocks If cost were equal and cash was always zero, I think act...
by kenschmidt
Sun Mar 15, 2015 8:52 am
 
Forum: Investing - Theory, News & General
Topic: 86% of investment managers stunk in 2014
Replies: 22
Views: 2172
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