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Re: insuring 3 cars - but only have 2 drivers

We just had this same situation recently as we bought my father in law's car as an extra car for my two teenage sons to drive. As they both currently have learner's permits, they fall under insurance for my wife and I. I was a little surprised to find that it costs pretty much as much to insure a 3r...
by kenschmidt
Wed Sep 17, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: insuring 3 cars - but only have 2 drivers
Replies: 16
Views: 1184

Re: Stove - repair or replace

Thanks for the help so far. If I were a bit younger and more agile I might try to fix it myself but not any more. It was a gas leak that alerted us to the problem in the first place. I seems that there are two ignitors in the oven area so we will see what happens. Any more thoughts? In our oven, th...
by kenschmidt
Tue Sep 16, 2014 8:37 am
 
Forum: Personal Consumer Issues
Topic: Stove - repair or replace
Replies: 9
Views: 568

Re: Stove - repair or replace

I had the ignitor on my Jenn-Air gas range fixed a couple of years ago and it ran about $200 including the service visit charge. In talking to the repair technician, he explained that the ignitor heats up and that is what causes the gas valve to open, lighting the oven. As they get old, the valve do...
by kenschmidt
Mon Sep 15, 2014 7:15 pm
 
Forum: Personal Consumer Issues
Topic: Stove - repair or replace
Replies: 9
Views: 568

Re: Hearing aids - for those that use them

I would definitely contact the VA to see what type of benefit you might be eligible for. My WW2 vet father in law got assistance from the VA for his hearing aids - and this was in the absence of any combat related hearing loss (he was primarily in supply and logistics at the end of the war in the Eu...
by kenschmidt
Sun Sep 14, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1754

Re: Car Advice: When to Replace?

I would also agree with livesoft's strategy of staggering new car purchases every 5-7 years. I buy new with an intent to keep the car a minimum of 10 years as that seems to be the point at which they start needing more major repairs and you start to lose confidence in their reliability. We recently ...
by kenschmidt
Sun Sep 14, 2014 12:43 pm
 
Forum: Personal Consumer Issues
Topic: Car Advice: When to Replace?
Replies: 37
Views: 2771

Where to recycle old (larger) toy batteries

I have a number of larger toy batteries that I have accumulated over the years - for example, from Power Wheels toys, electric scooters, etc. These are larger size - 1/3 to 1/2 the size of a car battery. I have googled battery recycling and it seems that stores like AutoZone will take car batteries ...
by kenschmidt
Sat Sep 13, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: Where to recycle old (larger) toy batteries
Replies: 5
Views: 241

Re: Why do so many think their home is a foolproof investmen

A home also provides a return in the form of imputed income - in other words, because you own the home, you don't pay rent to someone else. Of course, the imputed income (rent avoided) is offset by expenses related to upkeep and taxes, but I have to think there is some positive benefit there as land...
by kenschmidt
Sat Sep 13, 2014 11:55 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6397

Re: What do you pay for comprehensive and collision on your

It is very vehicle dependent. I just bought my father in law's 2006 Hyundai Sonata. I was surprised to see that it was more expensive to insure than my 2005 Camry (which is a little nicer car) and especially our brand new 2014 Honda Odyssey. The Toyota and Honda are around $400 a year, the Hyundai i...
by kenschmidt
Sat Sep 13, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: What do you pay for comprehensive and collision on your auto
Replies: 7
Views: 829

Re: Feeling smug until 10 year ROR from Vanguard

It seems the 10 year data is limited to computers. When I looked on my mobile devices, I could only access 5 year data. 10 year, 9.5% w/o cash, 8.3% including cash 5 year, 11.6 w/o cash, 10.4 including cash I hadn't seen this feature before. I was able to get my 10 year returns on my iPad. My retur...
by kenschmidt
Sat Sep 13, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 78
Views: 7201

Re: Daily Telegraph: World War One Archive

:idea: People were a lot tougher back then. They could endure much greater suffering than people today. People haven't changed. You endure what you have to endure. We have been fortunate in this generation to not have to endure these types of hardships. But we would if we had to - you have no choic...
by kenschmidt
Fri Sep 12, 2014 4:29 pm
 
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 115
Views: 8936

Re: Recommended World War I book

John Keegan's History of WW1 is a very good general, military history. http://www.amazon.com/The-First-World-John-Keegan Hew Strachan's book on WW1 is very good on the global context, particularly the Middle East. Doesn't get (literally) bogged down of the narrative of the Western Front, as so many...
by kenschmidt
Fri Sep 12, 2014 8:58 am
 
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 37
Views: 2023

Re: Neighborhood kid around 13 throwing rocks at my house

It wouldn't rule out some sort of social/emotional issue; the fact that he is doing this and won't look at you or engage you in any way makes me think of some sort of autism spectrum disorder or other social / psychological issue. I would try talking to the parents in a very nice way - i.e., hey, I ...
by kenschmidt
Fri Sep 12, 2014 8:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 3104

Re: Advice on buying a single gold bullion coin

If it is a gift, you might also consider buying a piece of history:

https://www.apmex.com/category/11902

Image

Only a small premium over spot and you (they) get to own a piece of beautiful history.
by kenschmidt
Mon Sep 08, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: Advice on buying a single gold bullion coin
Replies: 15
Views: 1623

Re: V6 or V8 engine for new Chrysler 300

If you don't need the extra power, I would go with the V-6. I have driven a Dodge Charger with that engine and it felt like it had plenty of power (looking it up, it is 292 hp).

There is nothing inherent in the V-8 engine design that will make it last any longer.
by kenschmidt
Sun Sep 07, 2014 7:56 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1678

Re: Drawing down a windfall...

Another rather obvious "you are spending too much". You could not buy a $55,000 car and spend $7,000 instead of $57,000 on vacations next year and save $100,000 on those two things alone. People afford a pretty nice lifestyle on that amount. You had a couple of flush years after 2 decades ...
by kenschmidt
Sat Sep 06, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4091

Re: What is the expected return of this portfolio over 50 yr

It will be difficult to estimate this over 50 years within two places before the decimal, much less after. The world and life in general is very uncertain. Use some numbers such as Rick Ferri's from the link above and then monitor your portfolio periodically to see where you stand. If you fall behin...
by kenschmidt
Sat Sep 06, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: What is the expected return of this portfolio over 50 yrs
Replies: 21
Views: 1168

Re: Auto off-lease: Take an auto loan at 2.49% or buy outrig

Unless the money you are thinking of using to buy the car outright is earning greater than 2.49% after taxes, you would be better off financially by buying the car rather than paying interest on a loan just to keep that money earning at a lower rate. One caveat is whether using that cash could provi...
by kenschmidt
Fri Sep 05, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Auto off-lease: Take an auto loan at 2.49% or buy outright?
Replies: 13
Views: 1243

Re: "There is no such thing as a truly passive portfolio"

There is active at an asset allocation level and there is active at an individual securities level. Most people here are active at an asset allocation level - at least from the standpoint of setting an asset allocation. I think then there is a general consensus that once you set an appropriate asset...
by kenschmidt
Thu Sep 04, 2014 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: "There is no such thing as a truly passive portfolio"
Replies: 58
Views: 2067

Re: Market at a all time high ( Sept 2014) , time to cash ou

I remember that when I first started investing, the DOW was at around 2,000. This was 1988; I remember it going up to around 2,700 and it bounced around there for awhile until it finally topped 3,000. And then it topped 4,000. Now it is at 17,000+. Over time I realized that 1) today's new high is to...
by kenschmidt
Thu Sep 04, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3727

Re: Paper or plastic?

We put trash and wet garbage into bare naked unprotected wastebaskets and cans. Then we dumped them into galvanized steel trash cans. And some of the wet material adhered to the kitchen waste basket, putrefied, and stank, which is why it had a tight-fitting lid and a pedal. Then garbage men ("...
by kenschmidt
Mon Sep 01, 2014 10:53 am
 
Forum: Personal Consumer Issues
Topic: Paper or plastic?
Replies: 63
Views: 2832

Re: Highly Appreciated Stock

Verify that dividends are not being re-invested in additional shares - take them as cash. Take advantage of 0% capital gains rate where possible to sell off some shares. If there are any losses elsewhere in the portfolio in excess of the $3000 limit, take advantage of these to sell off some shares. ...
by kenschmidt
Mon Sep 01, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Highly Appreciated Stock
Replies: 8
Views: 1001

Re: How to become a millionaire retiree -- then and now

Why only a 30-year working career? If the person has a four year college education and then a 30-year career, they are retiring in their very early 50's. I would call that retiring quite early. Try running the models with a 40-year working career (which would also qualify as retiring early). I bet ...
by kenschmidt
Mon Sep 01, 2014 10:29 am
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 9874

Re: Donald Trump - The Apprentice

I started watching it but eventually grew irritated with the way the show was set up. One, I get tired of all the fawning over "The Donald" and the Trump Organization. Sure, it's a fine company but there are literally hundreds or thousands of other better companies to work for. It's just a...
by kenschmidt
Sat Aug 30, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Donald Trump - The Apprentice
Replies: 27
Views: 1715

Re: Wireless stereo/cd system/ speakers - need to upgrade.

One great way to reduce speaker footprint in my opinion is to use a powered subwoofer that is tucked away in a corner somewhere and then you can use smaller but high quality bookshelf or even in wall type speakers to cover the upper bass range, midrange and treble. Deep bass is non-directional for t...
by kenschmidt
Sat Aug 30, 2014 12:07 pm
 
Forum: Personal Consumer Issues
Topic: Wireless stereo/cd system/ speakers - need to upgrade.
Replies: 2
Views: 309

Re: Recommendations for Cordless Phone System for Home?

+1 on Panasonic. Stay out of the 2.4 Ghz frequency as I find Wifi and microwave ovens seem to create conflicts there. The only thing I have ever needed to do is occasionally replace a handset battery as they get a lot of charge cycles and so don't last forever.
by kenschmidt
Sat Aug 30, 2014 11:47 am
 
Forum: Personal Consumer Issues
Topic: Recommendations for Cordless Phone System for Home?
Replies: 14
Views: 1116

Re: Poor Janus, a look at this once high flying fund family

I still remember reading the old Janus Junction forum back on the old Morningstar site. Euphoria in the 90's and a train wreck after the bubble broke in 2000. The NASDAQ 100 is still not above it's peak 14 years later and I think Janus rode and ultimately fell with that wave more than almost any oth...
by kenschmidt
Sat Aug 30, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 72
Views: 7285

Re: ACH transfers

One thing that has always puzzled me was the necessity of waiting for about 2 working days for the $$$ to be transferred. It seems that these are an all electronic record, so should go at some fraction of the speed of light. Well not quite that fast but certainly faster than days. :D Unless there a...
by kenschmidt
Sat Aug 30, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: ACH transfers
Replies: 14
Views: 1017

Re: Ideas for thanking a doctor

You could also just tell them directly at the end of an appointment with a brief but heartfelt thanks - i.e. "I just wanted to take a moment to tell you how much I appreciate the care you give me and the manner in which you approach your profession. I know it is a challenging job but I really a...
by kenschmidt
Sat Aug 30, 2014 11:32 am
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 74
Views: 4637

Re: Really dumb question from a newbie. passive investing

I think there is a potential confusing aspect to the passive / active discussions that occur on this board. I think you are primarily asking about asset allocation - i.e., how much in stocks, how much in bonds, etc. A "passive" approach here would be to select an appropriate asset allocati...
by kenschmidt
Wed Aug 27, 2014 8:44 am
 
Forum: Investing - Theory, News & General
Topic: Really dumb question from a newbie. passive investing
Replies: 6
Views: 791

Re: How I beat Indexing... in 1 hour

I tried this once back in the early 2000's - similar percentage of my portfolio - i.e., not something that will break you but at the same time, real money in play. I had some successes and some failures. After a little after three years, I basically matched the S&P 500. And that was mostly becau...
by kenschmidt
Tue Aug 26, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 56
Views: 8325

Re: S&P500 over 2000

I am a stay-the-course type and have taken no new action based on hitting "2000" but I like to compare my personal circumstances with 2 particular points on the rise of the S&P500 S&P500 at 666: In 2009, I was sitting at my uncles house (I suppose I was "homeless") watch...
by kenschmidt
Mon Aug 25, 2014 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 68
Views: 5432

Re: Is it me, or are "collectibles" worthless in 2014?

Baseball cards have really taken a nose dive over the past decade. Many people have thousands of cards from the 1980s and 1990s that are literally worthless. I bought 2 boxes of 1980's and 1990's era cards from my neighbor at a street sale for $10. There must be 10,000 cards in those boxes. Crazy. ...
by kenschmidt
Sun Aug 24, 2014 12:32 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6179

Re: Daily Telegraph: World War One Archive

The 75mm artillery gun was a revolutionary weapon, but the tactics had not been fully developed in 1914, so their ability to counter the dug in machine gun was not realized until later in the war. In 1914, the basic tactic was a long, massive artillery bombardment at the point of attack, followed by...
by kenschmidt
Sat Aug 23, 2014 6:30 pm
 
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 115
Views: 8936

Re: Can a Commodities Fund be a Long-Term Investment?

heyyou If the CCF were in fact overwhelmed by institutional money please explain to us how the oil futures have been in large and persistent backwardation for well over a year--though it has been shrinking lately again. Larry It has been exactly like buying insurance, the premium has stayed gone. F...
by kenschmidt
Sat Aug 23, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Can a Commodities Fund be a Long-Term Investment?
Replies: 45
Views: 2804

Re: Can a Commodities Fund be a Long-Term Investment?

Any asset class with a long term NEGATIVE expected real return, (i.e. commodities, gold, etc) is not a long term investment but a short term speculation. But you aren't investing in commodities, you are investing in commodities futures. They behave differently. Plus, even pure commodities like gold...
by kenschmidt
Fri Aug 22, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Can a Commodities Fund be a Long-Term Investment?
Replies: 45
Views: 2804

Re: Do you tip on the tax?

My kids were taught tipping calculations in math class at elementary school and they were specifically taught to calculate the tip on the total bill amount before tax. Calculating the tip on the after-tax amount was considered a "wrong" answer. Not saying that is correct, but I was surpris...
by kenschmidt
Fri Aug 22, 2014 4:54 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5078

Re: Tipping tradespeople

If its a multiday project Ive bought a case of coronas as tip for the crew. :beer I think its more about the gesture than the tip for tradesmen. +1 Or offer bottled water or buy a box of donuts. I even grilled a hamburger for a guy who was working late on something since we were eating anyway. I ag...
by kenschmidt
Fri Aug 22, 2014 11:25 am
 
Forum: Personal Consumer Issues
Topic: Tipping tradespeople [rain gutter installers]
Replies: 27
Views: 2378

Re: Can a Commodities Fund be a Long-Term Investment?

There is a difference between owning commodities themselves and owning commodities futures. Commodities tend to increase in price at the rate of inflation, so you are correct - there's really no expectation of any growth there. Commodities futures are different in that: 1) they represent a form of i...
by kenschmidt
Fri Aug 22, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: Can a Commodities Fund be a Long-Term Investment?
Replies: 45
Views: 2804

Re: Driving Trip Planning

You might be able to use Google Maps for this. First, plot directions for your entire trip from point A to point B. Then, use the + symbol to add a destination; you will have to use a bit of trial and error to get to your 8 hour target, but you should be able to figure it out. Add as many interim de...
by kenschmidt
Wed Aug 20, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Driving Trip Planning
Replies: 45
Views: 1697

Re: Daily Telegraph: World War One Archive

For anyone interested, there are some nice pictures of coins dated 1914 covering many of the belligerents of WWI here: http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=184793 I just finished the Hew Strachan book recently; it really does a good job of covering the major political topics of WWI ...
by kenschmidt
Tue Aug 19, 2014 7:35 pm
 
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 115
Views: 8936

Re: Questions about fertilizing and seeding lawn

I've rented a lawn renovator from my local tool rental center. It is gasoline powered, self propelled, walk behind, has a compartment for the grass seed and rotating drum. It slices the turf/soil slightly and spreads the seed. The seed is in contact with the soil. I have used one of these with grea...
by kenschmidt
Tue Aug 19, 2014 10:25 am
 
Forum: Personal Consumer Issues
Topic: Questions about fertilizing and seeding lawn
Replies: 21
Views: 1545

Re: Defined Benefit Plan Costs?

My company prints an annual "Rewards" statement specific to each employee that lists the company's cost of each benefit provided. In the case of my pension, which is a traditional DB plan paying 1.66%/yr of service, the annual cost varies a bit but is around 11-12% of salary. I think the &...
by kenschmidt
Mon Aug 18, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan Costs?
Replies: 36
Views: 1841

Re: Spouse not ready to cut ties with financial advisers

Just to point out, you are already paying $60,000 or more in fees. $30,000 for the AUM charge, and another $30,000 or more for the expense ratio difference between the high cost funds and the equivalent lower cost funds at Vanguard. That's a new Mercedes every year. Not that you need that, but $60,0...
by kenschmidt
Sun Aug 17, 2014 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 112
Views: 8989

Re: New lower limit for Admiral share conversion

Anyone over 30,000 posts on Bogleheads.org automatically qualifies for Admiral Shares regardless of the amount. It is is the really fine print section of the fine print. :happy
by kenschmidt
Sun Aug 17, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: New lower limit for Admiral share conversion
Replies: 10
Views: 1669

Re: Daily Telegraph: World War One Archive

Actually, I have already achieved one major goal I had, which was to observe how, during the summer of 1914, the world went from a peaceful holiday time, people going to the beach, enjoying their lives, etc. to all out warfare, killing each other by thousands, in about two weeks time. :shock: To me...
by kenschmidt
Sun Aug 17, 2014 11:02 am
 
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 115
Views: 8936

Re: Flood proofing a basement

A sump pump is not really going to help if this is surface water coming across the threshold of the door. A sump pump is to pump out water that is collected from drain tile below the level of the floor, not above it. In this situation, you really need to somehow divert the water coming into the low ...
by kenschmidt
Sat Aug 16, 2014 5:37 pm
 
Forum: Personal Consumer Issues
Topic: Flood proofing a basement
Replies: 24
Views: 1839

Re: Foundation crack repair

We had exactly the same situation when we built a house - a shrinkage crack that seeped water when we had rain on ground saturated with melting snow. In our case, the builder took care of the repair by hiring a company to do "Method 1" referenced above. That was in 1998 and we have not had...
by kenschmidt
Sat Aug 16, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Foundation crack repair
Replies: 8
Views: 1041

Re: Are these [401k] options terrible?

I would ask them who pays the AMC / Net Asset Fee and if you pay that fee, what services does it cover. If you are stuck paying that fee, then this is a bad 401k plan. The expenses are way too high and will kill your account balance over the long run. Since there is no match, I would invest some tok...
by kenschmidt
Sat Aug 16, 2014 8:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Are these [401k] options terrible?
Replies: 28
Views: 2090

Re: Verizon Rewards - worth signing up?

There are auctions where you can buy gift cards and the like for points only. There are also local deals where you can get discounts to local businesses for points only. I am not saying it is the greatest rewards program ever created, but there is some opportunity for free stuff to be had at no cost.
by kenschmidt
Fri Aug 15, 2014 11:53 am
 
Forum: Personal Consumer Issues
Topic: Verizon Rewards - worth signing up?
Replies: 11
Views: 1847

Re: Recommendation for ear buds/in ear headphones

I have had several earbud/mic products over the last several years. Some were in the $150 range. For me, it is a heavy wear/often lost type of item so I have settled on these Panasonic ones. They give me 95% of the sound of the really good sets I have had and they last just as long and cost nothing...
by kenschmidt
Fri Aug 15, 2014 11:49 am
 
Forum: Personal Consumer Issues
Topic: Recommendation for ear buds/in ear headphones
Replies: 18
Views: 759
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