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by leonard
Wed May 06, 2015 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 16
Views: 847

Re: move to cash for upcoming bear market?

Individual investors have a terrible track record for picking the highs and lows, versus the buy, hold and rebalance investor.

How do you propose getting in and out of the market at the "right time"?
by leonard
Tue May 05, 2015 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying beyond Vanguard Target Date Fund
Replies: 21
Views: 1347

Re: Diversifying beyond Vanguard Target Date Fund

I figure it won't hurt to become "diversification man" and to take 5-10 percent and add in items that are not accounted for in the target date strategy. You will greatly increase complexity for a an almost non-existent increase in diversification. If you add a couple more asset classes - ...
by leonard
Fri May 01, 2015 11:04 am
Forum: Personal Consumer Issues
Topic: Karate for kids—Thoughts?
Replies: 47
Views: 2411

Re: Karate for kids—Thoughts?

A martial art that combines a grappling art like Brazilian Jujitsu AND a striking art are far more practical for self defense. May as well have the kid learn a martial art that is useful sooner in training AND get the discipline aspect as well.
by leonard
Mon Apr 27, 2015 8:47 pm
Forum: Personal Consumer Issues
Topic: How far away from a freight railroad track should you live?
Replies: 51
Views: 3136

Re: How far away from a freight railroad track should you li

Far enough away that this question doesn't even enter your mind.
by leonard
Sat Apr 25, 2015 1:15 pm
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 127
Views: 17301

Re: Cast Iron Skillet Cooking

Seasoning tip: seasoning skillets can generate some smoke. So, if you happen to barbecue something - using the residual coal from the cooking, open all the vents to get the heat high, and put your CI piece in there coated with your favorite seasoning medium. All that smoke happens outside.
by leonard
Sat Apr 25, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: any experiences negotiating fences with neighbors?
Replies: 27
Views: 2361

Re: any experiences negotiating fences with neighbors?

dolphinsaremammals wrote:
leonard wrote:How exactly does someone who is in poor health and mentally impaired bring much menace?


You don't think someone mentally impaired showing up on your doorstep repeatedly and verbally threatening you is menacing?


I generally don't get intimidated by the physically impaired.
by leonard
Fri Apr 24, 2015 11:59 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 46
Views: 3203

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

In fact that's not always the case. But if you can find a purchase offer for the same vehicle that costs less than the lease, after accounting for the massive depreciation hit, please post it. I finance tools at the right price. I currently finance my Prius tool for 0% interest. I guess we'll agree...
by leonard
Fri Apr 24, 2015 10:10 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 46
Views: 3203

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

If you read through the "Does it ever make sense to lease a car" thread from a few weeks ago, a situation such as this was one of the few times leasing versus buying can make a lot of sense. The technology is changing so quickly that the car could essentially be obsolete in 3 years, so it...
by leonard
Wed Apr 22, 2015 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I paint the house next door?
Replies: 17
Views: 2265

Re: Should I paint the house next door?

I'd make them an initial offer to pay a portion of the cost. If they are interested, I'd let them say "yes" then broach how much they would want you to cover. If they refuse or don't answer, then I'd pursue code enforcement. But, the reality is that code enforcers are overworked in many ci...
by leonard
Wed Apr 22, 2015 4:19 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 46
Views: 3203

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

If you read through the "Does it ever make sense to lease a car" thread from a few weeks ago, a situation such as this was one of the few times leasing versus buying can make a lot of sense. The technology is changing so quickly that the car could essentially be obsolete in 3 years, so it...
by leonard
Wed Apr 22, 2015 2:30 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 46
Views: 3203

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

I've never financed a hammer - so not sure why I would start financing with this transportation tool. Have you ever rented a tool? It is a pretty common practice for specialty automotive tools or for large/expensive home improvement tools. I have not rented a tool where the rental period extended o...
by leonard
Wed Apr 22, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: any experiences negotiating fences with neighbors?
Replies: 27
Views: 2361

Re: any experiences negotiating fences with neighbors?

We are rebuilding a fence and of course this requires some degree of cooperation with neighbors. Any specific tips out there that made this process easier for you all? Yeah, it helps if you can get cooperative/nice neighbors. We've got one immediately adjacent neighbor who was fine when we arrived,...
by leonard
Wed Apr 22, 2015 2:21 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 46
Views: 3203

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

I've never financed a hammer - so not sure why I would start financing with this transportation tool.
by leonard
Tue Apr 21, 2015 8:58 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their asset allocation
Replies: 58
Views: 3451

Re: Has anyone changed their asset allocation

No. Individual investors are notoriously bad at timing the market.
by leonard
Mon Apr 20, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13686

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation. That reframing may give a warm, good feeling - but it ignores the fact that money is fungible. Yes, I k...
by leonard
Sun Apr 19, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

I was able to strike out a similar clause in a 1099 contract, and out of maybe 50-100 previous contractors, I was the first person who'd asked to do that. But it was a case that worked in that era; today it wouldn't have happened, for a couple of reasons. Actually, the clause wouldn't have been the...
by leonard
Sun Apr 19, 2015 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8759

Re: Am I part of the problem??

Many human endeavors have variability in terms of value for comparable worth. I would not stress about it. Expensive restaurants serve overpriced, often unhealthy foods. I still partake. Expensive designers sell Chinese made, factory clothes and purses for huge markups. People line up to buy. We li...
by leonard
Sun Apr 19, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

I find it much more linear to not sign something, if I have no intention of abiding by it. I have a much better chance of managing my own actions than trying to manage the actions of the entire legal system and it's participants. In an ideal world, sure, but in the real world, sometimes you feel li...
by leonard
Sun Apr 19, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? That's the wrong question to ask. ...
by leonard
Sat Apr 18, 2015 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? That's the wrong question to ask. ...
by leonard
Sat Apr 18, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 38
Views: 2710

Re: Can we afford [a masters degree]?

The OP wasn't asking if the degree was valuable or whether to enroll in the program, just how to pay for it. If the actual price is $40k and that's the least expensive available program, then the question becomes what loans are available and at what rate. If the lowest available rate is a 24% credi...
by leonard
Sat Apr 18, 2015 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 38
Views: 2710

Re: Can we afford [a masters degree]?

The OP wasn't asking if the degree was valuable or whether to enroll in the program, just how to pay for it. If the actual price is $40k and that's the least expensive available program, then the question becomes what loans are available and at what rate. If the lowest available rate is a 24% credi...
by leonard
Sat Apr 18, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 38
Views: 2710

Re: Can we afford [a masters degree]?

The OP wasn't asking if the degree was valuable or whether to enroll in the program, just how to pay for it. If the actual price is $40k and that's the least expensive available program, then the question becomes what loans are available and at what rate. If the lowest available rate is a 24% credi...
by leonard
Fri Apr 17, 2015 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? this is unrealistic in employed me...
by leonard
Fri Apr 17, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13686

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation. That reframing may give a warm, good feeling - but it ignores the fact that money is fungible. Yes, I k...
by leonard
Fri Apr 17, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? this is unrealistic in employed me...
by leonard
Fri Apr 17, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6105

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions.

As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are.

BTW - why sign a contract and then (seemingly) plan to not abide by it?
by leonard
Fri Apr 17, 2015 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13686

Re: Family member asking for money

TomatoTomahto wrote:DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation.


That reframing may give a warm, good feeling - but it ignores the fact that money is fungible.
by leonard
Fri Apr 17, 2015 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 38
Views: 2710

Re: Can we afford [a masters degree]?

How much could she make at her current level of education - if she did something other than being a math teacher?

Don't raid the Roth. The Roth is a retirement account - very valuable tax deferred space. It's not a I'm-thinking-about-another-degree account.
by leonard
Thu Apr 16, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8759

Re: Am I part of the problem??

Good morning everyone, To answer your questions: 1. Am I part of the problem?? Yes. 2. Does this make me some kind of hypocrite in the Boglehead world? Yes. 3. I mean, aren't I building my wealth on the backs of suckers who haven't found Bogleheads yet? Yes. From Nerd wallet: Pacemaker implantation...
by leonard
Fri Apr 10, 2015 3:47 pm
Forum: Personal Consumer Issues
Topic: Would you use your neighbor's son for yard service?
Replies: 33
Views: 2180

Re: Would you use your neighbor's son for yard service?

Interview him. Good experience for him and if you hire him.... Have him do the job for a while when you are there, so you can supervise the outcomes. If that works, have him continue to do it while you are gone - but have someone you know drive by the house and ensure that it's done on a regular bas...
by leonard
Fri Apr 10, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Buy now or wait?
Replies: 13
Views: 1572

Re: Buy now or wait?

Pick a conservative AA and buy it now. Trying to time the market is a waste of time. If you are hesitant to buy the AA you would like, it's too aggressive. Add bonds until the portfolio is low enough risk that you feel you can buy the whole thing at once. Some will recommend dollar cost averaging. ...
by leonard
Fri Apr 10, 2015 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Buy now or wait?
Replies: 13
Views: 1572

Re: Buy now or wait?

Pick a conservative AA and buy it now. Trying to time the market is a waste of time. If you are hesitant to buy the AA you would like, it's too aggressive. Add bonds until the portfolio is low enough risk that you feel you can buy the whole thing at once. Some will recommend dollar cost averaging. H...
by leonard
Fri Apr 10, 2015 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8759

Re: Am I part of the problem??

Good morning everyone, To answer your questions: 1. Am I part of the problem?? Yes. 2. Does this make me some kind of hypocrite in the Boglehead world? Yes. 3. I mean, aren't I building my wealth on the backs of suckers who haven't found Bogleheads yet? Yes. From Nerd wallet: Pacemaker implantation...
by leonard
Thu Apr 09, 2015 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8759

Re: Am I part of the problem??

I wouldn't work there. I don't think the "Low cost" mantra has the exception "unless I make money from it". Not meaning to be rude - but you did ask the question directly. EDIT: Incredible the feedback actual(?) BHs are giving. Looks like we just make comments on a forum about &q...
by leonard
Wed Apr 08, 2015 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: setting up a KISS portfolio
Replies: 6
Views: 693

Re: setting up a KISS portfolio

If simplicity is the absolute priority - even over tax efficiency (which I think is valid in some cases) then.... Taxable Tax-Managed Balanced OR the appropriate Lifestrategy, chosen based on AA/Risk Tolerance. Tax Advantaged Life Strategy based on Risk tolerance. Simple. No decisions other than put...
by leonard
Wed Apr 08, 2015 8:03 pm
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 21310

Re: International increase in Target Retirement & LifeStrate

I see the logic as well and I appreciate your challenges, but I'm still in the same camp as tj and pennstater2005 . Pingo - if one makes conscious decisions for their AA and writes in in their IPS around - stock/bond, domestic/int'l, value weighting, small cap weighting. reit's etc. - then they nee...
by leonard
Wed Apr 08, 2015 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 5311

Re: Might Go $4,000 AAPL

closetoreality wrote:Would this be considered a reckless and irrational decision?

I just see nothing but success for Apples future, at least for the year to come anyway. Seems like a good opportunity for a short term investment, or until the pace changes for Apple.

Input?


Yes.
by leonard
Wed Apr 08, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13686

Re: Family member asking for money

A lot of people willing to spend the OP's money.

If the cause is so clear cut, why doesn't everyone that says "give him another round of financing" crack a check book or set up a go fund me page. Sure the OP could coordinate getting that money in to the BIL hands.
by leonard
Mon Apr 06, 2015 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13686

Re: Family member asking for money

if 2 loans/gifts haven't fixed the situation, future ones aren't going to either. So, if your money isn't actually fixing the situation, there is no need to throw good money after bad.

"No". Use it in this case.
by leonard
Wed Apr 01, 2015 2:31 pm
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 21310

Re: International increase in Target Retirement & LifeStrate

Pingo - if one makes conscious decisions for their AA and writes in in their IPS around - stock/bond, domestic/int'l, value weighting, small cap weighting. reit's etc. - then they need to be able to stay the course with respect to the deliberate decisions they made relative to their intentionally se...
by leonard
Wed Apr 01, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do you not strive for success because it might offend others
Replies: 30
Views: 1679

Re: Do you not strive for success because it might offend ot

If you live frugally in most areas of life - no one looking at your life will be able to read your success. So, to that extent the "issue" is a moot point. Like many people, you may have 1 or 2 areas of your life that you spend discretionary income on: travel, musical instruments, cars, wh...
by leonard
Tue Mar 31, 2015 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a bad 401K?
Replies: 23
Views: 1692

Re: Is this a bad 401K?

That plan is a rip off.
by leonard
Tue Mar 31, 2015 9:46 pm
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 21310

Re: International increase in Target Retirement & LifeStrate

In BH philosophy - I'm pretty sure the standard definition is "Staying the Course" is with respect to setting and keeping an Asset Allocation. If we aren't using common terms, we're talking past each other. By "keeping an asset allocation" are you referring to the stock/bond mix...
by leonard
Tue Mar 31, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 6319

Re: 401k Record Keeping Fee

A person can (and should) contribute to both an IRA and 401k - assuming cash flow and budget allow. And, assuming they are below the required income levels. In general one cannot deduct one's contribution to an IRA if one is eligible to participate in a retirement plan such as a 401k through one's ...
by leonard
Tue Mar 31, 2015 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 6319

Re: 401k Record Keeping Fee

Sorry for being away so long. I've got an ailing father that needed attention. I will try to address several highlights in one go: First: Whether I can afford $65/year for record keeping is really a moot point. Based on my experience, $65/year for record keeping is outrageous. Since Employee Fiduci...
by leonard
Tue Mar 31, 2015 8:49 pm
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 21310

Re: International increase in Target Retirement & LifeStrate

An investor can't "stay the course" with their AA choice - if that AA gets shifted by someone else. I can understand the frustration of it being something out of our control, but what does it mean to stay the course, anyway? John Bogle, William Berstein, Rick Ferri, Larry Swedroe et al al...
by leonard
Tue Mar 31, 2015 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 72
Views: 4676

Re: [Poll] Do you have an auto loan?

Still trying to understand how simplifying ones financial life meets the definition of eccentric. Perhaps you mean eccentric as in "deviating from circular form". It's easy if you read what was said twice, rather than repeating trying to put words in somebody else's mouth. But one more ti...
by leonard
Tue Mar 31, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 82
Views: 6319

Re: 401k Record Keeping Fee

I'm going to assume when you say $3k is the same as $300k, you mean it's the same job whether it's 1 participant or 100 participants. Not at all; I'm saying 1 participants records cost the same to keep as any other 1 participant. My comment was to a poster who said her plan charged a record keeping...
by leonard
Tue Mar 31, 2015 8:34 pm
Forum: Investing - Theory, News & General
Topic: Should a true BH visit this forum regularly?
Replies: 32
Views: 3061

Re: Should a true BH visit this forum regularly?

In my mind, BH strategies are 1. live below means 2. stay the course 3. capitalize tax advantage space 4. buy and hold low cost index funds and diversify (if I missed anything, please update me) These don't involve visiting BH forum and reading the threads regularly. If you consider yourself a true...

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