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Re: Strategically not paying medical bills for 90 days for a

If your going to negotiate - do it up front - as you would for any other goods or services.

If someone let their AP slide for 90 days just to get some sort of "deal" with me - wouldn't be a customer any longer.
by leonard
Tue Nov 25, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategically not paying medical bills for 90 days for a dis
Replies: 23
Views: 1785

Re: How did you handle the 2008 bear market ?

New member here... Have been following Bogle philosophy for a couple of years now, after spending countless hours on other strategies. I understand Bogle says "stay the course" during a bear market. IMO, it's easier said than done. With this audience, I am interested to learn what you did...
by leonard
Tue Nov 25, 2014 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 42
Views: 1473

Re: Allocation

When bond yields go up, I will add them, but right now the yield is too low. This is market timing - plain and simple. Set your AA and include bonds if it makes sense for you to have bonds. If your risk profile really (really?) requires no bonds then so be it. Is it really market timing with bonds?...
by leonard
Tue Nov 25, 2014 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Allocation
Replies: 16
Views: 708

Re: Allocation

Youkai wrote:When bond yields go up, I will add them, but right now the yield is too low.


This is market timing - plain and simple. Set your AA and include bonds if it makes sense for you to have bonds. If your risk profile really (really?) requires no bonds then so be it.
by leonard
Tue Nov 25, 2014 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Allocation
Replies: 16
Views: 708

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

Three questions: (1) I was wondering what Bogleheads think is appropriate compensation to request in this situation? (2) Should I start with USAir or United customer service? (3) I feel a refund of "double miles" (160,000 miles) and two $500 certificates for future travel would be appropr...
by leonard
Tue Nov 25, 2014 8:26 am
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 41
Views: 3942

Re: How should wife counter salary offer within current co.?

- She states that salary negotiations are with HR only. She doesn't think she wants to get the director (who hired her) involved. The only time I have seen traction on getting more salary in a negotiation is when the hiring manager is involved. HR has guidelines they have to follow. The hiring mana...
by leonard
Tue Nov 25, 2014 8:23 am
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 58
Views: 4906

Re: Brother wants me to co-sign a house with him

No. Run. Don't walk.
by leonard
Tue Nov 25, 2014 8:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Brother wants me to co-sign a house with him
Replies: 41
Views: 2547

Re: Carrying alternatives for phone, credit cards, money

2 CC's, Driver's license. Fits in a very small wallet/magnetic money clip. That Subway club punch card from 10 years ago can stay at home.
by leonard
Tue Nov 25, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: Carrying alternatives for phone, credit cards, money
Replies: 25
Views: 1713

Re: Donating for a specific family

Leonard, I'm not a big fan of most deductions (mortgage interest, charitable, etc.). They might have been well-intentioned and perhaps they do some good. I find a "narrowly targeted" charitable deduction even less appealing than a broader one. If I want to give money to a ne'er-do-well fr...
by leonard
Tue Nov 25, 2014 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2599

Re: What would be the investing strategy for a coming crash?

Checking history - the OP seems to put these threads out there and then not return. So, not sure getting in to any depth on the question is going to be rewarded.
by leonard
Tue Nov 25, 2014 7:53 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 81
Views: 6307

Re: Freakonomics approach to 401(k) choices

Why is the S&P 500 index the right benchmark for your unique risk profile and AA requirement?
by leonard
Sun Nov 23, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Freakonomics approach to 401(k) choices
Replies: 27
Views: 2605

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

Three questions: (1) I was wondering what Bogleheads think is appropriate compensation to request in this situation? (2) Should I start with USAir or United customer service? (3) I feel a refund of "double miles" (160,000 miles) and two $500 certificates for future travel would be appropr...
by leonard
Sun Nov 23, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 41
Views: 3942

Re: How should wife counter salary offer within current co.?

- She states that salary negotiations are with HR only. She doesn't think she wants to get the director (who hired her) involved. The only time I have seen traction on getting more salary in a negotiation is when the hiring manager is involved. HR has guidelines they have to follow. The hiring mana...
by leonard
Sun Nov 23, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 58
Views: 4906

Re: 23 year old... Can I afford a Rolex?

I've been in a few interviews with folks sporting a Rolex.

I couldn't take them seriously.

Even if they are not fulfilling a cliché - I think someone should be socially aware enough to realize it will come across that way anyway.
by leonard
Sun Nov 23, 2014 11:38 am
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 157
Views: 9333

Re: Donating for a specific family

Mr. Church Treasurer, here's a tithe to the church's general fund. (Wink) Charity is charity, if it is going to the deserving. Why am I not deserving? Hey, I have an idea -- I'll tithe to you if you'll tithe to me. Moral of the story: any financial transaction that includes a "(Wink)" is ...
by leonard
Sun Nov 23, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2599

Re: Dog food - how cheap is too cheap?

I'd ignore price initially and just find what is "best" by your criteria. Rank a few based on that and then choose based on price. I would argue that - even if you end up buying the most expensive (which I strongly doubt), better food and better health for you pet will pay off in lower vet...
by leonard
Sun Nov 23, 2014 11:34 am
 
Forum: Personal Consumer Issues
Topic: Dog food - how cheap is too cheap?
Replies: 56
Views: 3203

Re: What percent "Boglehead" are you?

100%. low cost index funds, AA, and rebalancing. VG active funds only where an equivalent index doesn't exist - TIPS, Muni's. I'd have indexes for those if easily available.
by leonard
Sun Nov 23, 2014 11:27 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 5797

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Bashing TSM vs a DFA portfolio is a bit of a straw man. The reality is that Merriman has published a Merriman portfolio using VG funds for a long time. I used it - mostly - for setting up my portfolio. So, he has been a supporter of using low cost indexes from VG (and others) to implement his passiv...
by leonard
Sun Nov 23, 2014 11:23 am
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8165

Re: Donating for a specific family

Mr. Church Treasurer, here's a tithe to the church's general fund. (Wink)

Charity is charity, if it is going to the deserving.
by leonard
Sun Nov 23, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2599

Re: The mathematics of recouping loss

Any focus on "recouping losses" ignores sunk costs. The only impact or worry about being at a loss is Tax loss harvesting.
by leonard
Fri Nov 21, 2014 9:51 pm
 
Forum: Investing - Theory, News & General
Topic: The mathematics of recouping loss
Replies: 11
Views: 1242

Re: Proposed Lifetime Retirement Investment Approach

I’d appreciate a critique of this proposed lifetime retirement investment approach. I've recommended it to my daughter and her husband and, so far, they've been implementing it. They started investing at age 25 for an early retirement in 30 years (at age 55) and hope to live for 35 to 45 years in r...
by leonard
Fri Nov 21, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2279

Re: Why finance research is often wrong - the jelly bean pro

All those words to point out that correlation is different than causation?
by leonard
Thu Nov 20, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Why finance research is often wrong - the jelly bean problem
Replies: 79
Views: 6148

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

I'd never take a job with 2 hours of commuting each day.

So, job B would be it.
by leonard
Wed Nov 19, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2915

Re: Need Income - Wellesley Income or Wellington Fund

Hi All, I am trying to figure out which fund will give me the most income, Wellesley Income (VWIAX) or the Wellington Fund (VWENX). I like both funds and will be investing approximately $500,000 in a taxable (non-retirement) account. Because each fund compliments each other, I thought about investi...
by leonard
Wed Nov 19, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Income - Wellesley Income or Wellington Fund
Replies: 22
Views: 2798

Re: Borrowing from TSP for lot purchase

I am legitimately interested in opinion, especially articulate ones with reason other than blanket statements like "never do X." Hard and fast rules work well for folks in personal finance issues. When they start poking around in the gray and finding those exceptions - they get in trouble.
by leonard
Wed Nov 19, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Borrowing from TSP for lot purchase
Replies: 34
Views: 2123

Re: Company Moving It's 401K to the following Choices:

lucky3 wrote:Expense Ratio's are the same as the ones on the past thread.

Lucky3


Same recommendations this time around. I would recommend selecting from the indexes (Russell 3000, US Debt, Total Int'l Ex US) in ratios that work with your overall AA and your other taxable vs tax advantaged accounts.
by leonard
Wed Nov 19, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Moving It's 401K to the following Choices:
Replies: 5
Views: 406

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

No, you missed the point that when one uses a DFA advisor, as recommended by Paul, then the advisor charges a fee. When someone follows Jack's advice, there is no fee involved. The advisor fees subtract from the returns touted by Paul and other DFA supporters. You use the company that he developed ...
by leonard
Wed Nov 19, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8165

Re: Investing In Currency?

Humdrum wrote:
John3754 wrote:Is this investing, or speculation?

Actually, investing is speculation and here's the definition of speculation: investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.


Did you honestly not know the point John3754 was making?
by leonard
Wed Nov 19, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Investing In Currency?
Replies: 33
Views: 2141

Re: Company Moving It's 401K to the following Choices:

Looks to be the same fund choices as this post From that thread: You have great choices US debt index Russell 3000 Global equity index ex US Even if the fund selection implies the same TPA - different 401k's may have different ER's for the same funds. So, we still need to have the OP's ER's to give...
by leonard
Wed Nov 19, 2014 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Moving It's 401K to the following Choices:
Replies: 5
Views: 406

Re: Borrowing from TSP for lot purchase

There's a reason why complex financing of all kinds tends to go bad. TSP is for retirement - not vacation/retirement property purchases. If you can't afford it some other way - you can't afford it. Just cause a pot of money is sitting in the TSP - doesn't mean you should engineer a way to borrow fro...
by leonard
Wed Nov 19, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Borrowing from TSP for lot purchase
Replies: 34
Views: 2123

Re: Vanguard launches new offering ... [Vanguard merchandise

Not sure how I missed this thread.

Just ordered one of each of all the T-shirts and one of the bumper magnets.
by leonard
Wed Nov 19, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 115
Views: 11152

Re: Dealing with pressure for "social donations" at work

Okay. I am totally at a loss. Here is the situation as I understand it: 1. You are angry at a forced gift to be redistributed to other employees. Angry enough you might quit. 2. Second, you stated above that your supervisor said you can give what you want - EVEN ZERO. So based on this information y...
by leonard
Sat Nov 15, 2014 1:39 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 167
Views: 8915

Re: Dealing with pressure for "social donations" at work

Maybe the best thing is to prorate what you want to give. You should take part and give something, something is better than nothing. I've already said several times that this is what I've decided to do, and again, my supervisor is ok with it. Okay. I am totally at a loss. Here is the situation as I...
by leonard
Fri Nov 14, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 167
Views: 8915

Re: Harry's razors

Leonard - Do you have a recommendation and source for a double-edge razor and blades? I have looked for a DE razor and blades in drugstores and the like around here, but none carry them. :annoyed Hi Tom - you can check out the Badger and Blade forum for DE shaving. Many recommendations. There are l...
by leonard
Fri Nov 14, 2014 3:41 pm
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 4994

Re: Harry's razors

I've been a mach 3 razor consumer since inception. I know they are pricey but I get ~ 3 weeks use so ok with that. The Harrys are less but I am wondering who has tried them and has a comment either way. Thanks Sam Used to use a Mach. Now wet shave with DE razor and shave soap. $.10 a razor that wil...
by leonard
Fri Nov 14, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 4994

Re: Parents can be forced to pay college tuition in NJ?

I think that's an admission that the kid could make a good living, without going to college. So, why should a parent necessarily pay if the kid has a good alternative that they can self fund - in this case through work? Why should a parent pay for if their kid damages someone's property? Plenty of ...
by leonard
Fri Nov 14, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1889

Re: Does anyone here make "fun" purchases.

First, let me say I'm a relatively newbie as you can see by my count. Second I am learning a ton of stuff especially about taking charge of my retirement. But....... lol Does anyone ever make a "fun" purchase. Let me explain, maybe we simply don't mention it. Now I'm definitely the type t...
by leonard
Fri Nov 14, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6542

Re: Your car(s) are equal to how many months income

Why should there be a correlation?

Buy the cheapest transportation that's reliable, that does what you need.

Just cause I can afford a $200 hammer doesn't mean I should buy it when one that is $10 does all I need.
by leonard
Fri Nov 14, 2014 3:15 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6006

Re: Parents can be forced to pay college tuition in NJ?

I think many of you are probably missing the point. In many divorces, the child's college expenses and support (usually continued to 22 if in college) are explicitly stated in the divorce decree. In most of those cases, this is done by stipulation not a court determination. However, the court retai...
by leonard
Fri Nov 14, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1889

Re: Parents can be forced to pay college tuition in NJ?

Total federal spending per person per year is roughly $11,000. A single taxpayer only pays $11,000 in federal taxes if they're making over $60k a year. Median weekly earnings for people WITH a bachelor's degree is about $58k. Without any college, it's around $34k. Without a college degree, the chan...
by leonard
Fri Nov 14, 2014 3:02 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1889

Re: Parents can be forced to pay college tuition in NJ?

Total federal spending per person per year is roughly $11,000. A single taxpayer only pays $11,000 in federal taxes if they're making over $60k a year. Median weekly earnings for people WITH a bachelor's degree is about $58k. Without any college, it's around $34k. Without a college degree, the chan...
by leonard
Fri Nov 14, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1889

Re: Isn't everybody here market timing, by definition?

By definition, you have to enter the market at a particular time, right? That can be as young as 18 or younger. By definition, you have to draw down at some point in your lifetime, right? If not, your children or grandchildren will have to draw down money at some point right? That in itself is mark...
by leonard
Fri Nov 14, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't everybody here market timing, by definition?
Replies: 32
Views: 1902

Re: Parents can be forced to pay college tuition in NJ?

Total federal spending per person per year is roughly $11,000. A single taxpayer only pays $11,000 in federal taxes if they're making over $60k a year. Median weekly earnings for people WITH a bachelor's degree is about $58k. Without any college, it's around $34k. Without a college degree, the chan...
by leonard
Fri Nov 14, 2014 2:40 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1889

Re: Dealing with pressure for "social donations" at work

I like the response that compared this to tipping at a restaurant. You're right, I don't get upset about paying tips at restaurants, because I expect to pay them. I also have a choice whether to eat out and pay the tip versus do takeout (no waitstaff tip) versus bypassing the restaurant altogether ...
by leonard
Fri Nov 14, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 167
Views: 8915

Re: Not qualified for my job - what to do?

Thanks for the responses... I am leaning on a very busy employee at a higher level in a different department and a consultant to figure out what to do literally from moment to moment - and the consultant leaves soon. After that I am mostly alone and done for. Even worse, I have a new hire under me ...
by leonard
Fri Nov 14, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 4733

Re: Should I offer to purchase my dad's rental property?

IMO - you seem to be rationalizing "doing something". Yes....but perhaps it shouldn't be on me to do something. He doesn't want to rent out the house. He doesn't want to lower the price. He doesn't want to go without cable. He doesn't want to sell his boat or other toys and pay off his ca...
by leonard
Fri Nov 14, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I offer to purchase my dad's rental property?
Replies: 11
Views: 558

Re: Bogleheads, tell me about your 40's?

You will finally learn what you should have been doing all along.

"I wish that I knew what I know now, when I was younger...." will definitely take on new meaning.
by leonard
Fri Nov 14, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 100
Views: 13124

Re: Work 401k

My job is starting 401K very soon and my boss will match up to 3% of my salary. I need help choosing which funds to contribute to and in what percentages. I invest on my own with Vanguard using Target Retirement Fund, currently $5500 per year. I am 35 years old and salary of 95K. I am aware that th...
by leonard
Fri Nov 14, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Work 401k
Replies: 11
Views: 1081

Re: Parents can be forced to pay college tuition in NJ?

She's 21. There is nothing "ethical" at all about this court ruling. They have no "requirement" to give here this money. This is a ridiculous, frivolous case. As a parent, you have a responsibility to do everything in your ability to make your child a productive member of societ...
by leonard
Fri Nov 14, 2014 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1889

Re: Should I offer to purchase my dad's rental property?

To be clear - you want to take a family loan that has gone sour - and turn that in to another real estate transaction AND hire that person to do work for you? Cut your losses. Run. and don't get involved with any more family investment schemes. Okay this would be a bad move. Thanks for the outside ...
by leonard
Fri Nov 14, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I offer to purchase my dad's rental property?
Replies: 11
Views: 558
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