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Re: Student Loans -- a surcharge on your job?

I once read that Australia has developed a system in which higher education is "free" to the student, but the country the recoups the cost by charging college graduates a percentage of all future income. It seems to me they would have to ration access to education through aptitude testing ...
by steadyeddy
Sat Apr 05, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loans -- a surcharge on your job?
Replies: 26
Views: 1626

Re: New Friends are the Anti-Bogleheads, what to do?

They probably want your investment help about as much as you want theirs.
by steadyeddy
Sun Mar 30, 2014 12:57 am
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8430

Re: Moving to HCOL (Net Income Paycut)? [High Cost of Living

I have not done this, but I do plan to make such a move in the next few years. You don't get a do-over on life, so you ought to live where you want. Money is only one component in quality of life, and after a certain income threshold it's really only a small component.
by steadyeddy
Sat Mar 29, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving to HCOL (Net Income Paycut)? [High Cost of Living]
Replies: 14
Views: 1083

Re: What makes a boglehead different [Behavior of saving]

Another major difference is the mindset of time. Many of peers think of the bill coming up next week/month. Bogleheads tend to think in terms of years-to-decades or, heck, even generations; what 30 year old do you know talk about "step-up" basis? This is a big part of it. Most of my frien...
by steadyeddy
Sat Mar 29, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: What makes a boglehead different [Behavior of saving]
Replies: 36
Views: 2455

Re: Statement of the Retirement Funding Problem

I am shocked by all the people posting about the insurance companies going under. I think you are all grossly overestimating the insurers' insolvency risk and grossly underestimating your own. Can you imagine if retirees with a supposedly "safe withdrawal rate" were held to the same risk b...
by steadyeddy
Fri Mar 28, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Statement of the Retirement Funding Problem
Replies: 89
Views: 5694

Re: Sustainable wage increases over the long term?

So many variables. No sense trying to boil it down to forum post.

If you're interested in this sort of demographic/economic crystal ball reading, PwC and their competitors have published some fascinating white papers over the years. Data-based conjecture.
by steadyeddy
Wed Mar 26, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sustainable wage increases over the long term?
Replies: 20
Views: 1172

Re: Buying first home in SF - gut check

If you had posted that you're 28 with a paid off home, investments worth $700k, and a $230-430k variable income everybody would have been patting you on the back. It's the leverage that makes this whole scenario too damn risky to endorse. Why not borrow only $500k? Is the possibility of a little hig...
by steadyeddy
Wed Mar 26, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 87
Views: 7104

Re: Detached Townhome vs. Single Family Home Costs

Are you implying that your insurance would be $1500 higher without the HOA? Know that the HOA's insurance doesn't cover your property at all. It may cover certain parts of the dwelling, but it won't cover someone getting injured on your property. Correct. The HOA covers hazard insurance for all hom...
by steadyeddy
Fri Mar 21, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 15
Views: 1417

Re: Detached Townhome vs. Single Family Home Costs

englishgirl , we are only browsing at this stage, so we haven't read specific CC&R's, but my understanding is that all exterior maintenance is covered just like an attached townhome. Roofs, siding, etc. I assume the subdivision was built in the same year or three and they would replace all the ...
by steadyeddy
Fri Mar 21, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 15
Views: 1417

Re: What to do in Austin, TX

Thanks again to everyone for your great suggestions! The trip was unforgettable, and we really benefitted from having a local perspective. Some highlights were catching a few phenomenal free concerts down on South Congress, canoeing the river, indulging in way too much tex-mex, and getting my wife s...
by steadyeddy
Fri Mar 21, 2014 11:56 am
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 2818

Detached Townhome vs. Single Family Home Costs

My wife and I are happy renters. We’re the sort of people that don’t mind white walls as long as we don’t have to paint them. But we’re thinking of purchasing our first home in the next few years. As you might imagine, we LOVE the idea of reduced-maintenance townhome living, so we’ve been browsing l...
by steadyeddy
Fri Mar 21, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 15
Views: 1417

Re: The dealership wants my 2 year old car back?

A good friend of mine once bragged about receiving such a letter. Turns out the car he had leased only one year earlier was in such high demand that the dealership gave him a new one for the exact same payment!

I congratulated him. No use causing him to cry over spilled milk.
by steadyeddy
Fri Mar 07, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: The dealership wants my 2 year old car back?
Replies: 46
Views: 4276

Re: Negotiating with a contractor?

You need to find a trustworthy contractor. If you can do that then you'll also receive a fair price and quality work by default. No amount of contract specifications, dickering, or hovering is going to get you better results than just hiring a trustworthy contractor in the first place.
by steadyeddy
Mon Mar 03, 2014 11:56 pm
 
Forum: Personal Consumer Issues
Topic: Negotiating with a contractor?
Replies: 12
Views: 985

Re: Helping an irresponsible dad preserve a financial windfa

If you can convince him to part with the lump sum and buy an annuity, he'll almost certainly thank you for it for years to come.

But it sounds more like he doesn't actually want your help, no matter what he said. Don't lose your relationship with him over this money.
by steadyeddy
Mon Mar 03, 2014 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping an irresponsible dad preserve a financial windfall
Replies: 29
Views: 2406

Re: Stocks that Don't Pay Dividends - Greater Fool Driven?

Steadyeddy, When Vanguard funds own that stock, they just vote the board recommendations. And for many larger stocks almost all the shares are owned by funds that do the same. You are dreaming if you think mutual fund holders have any way to counteract stupid or venal management decisions. Believe ...
by steadyeddy
Thu Feb 27, 2014 8:02 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks that Don't Pay Dividends - Greater Fool Driven?
Replies: 73
Views: 4292

Re: Stocks that Don't Pay Dividends - Greater Fool Driven?

I recently got a raise. :sharebeer Instead of spending that extra income on my wife right now, we chose to increase my 401k contribution. My book value is growing, but it's not tangibly benefiting my wife, certainly not for a few decades. Should she sell me to a greater fool? (The answer is probably...
by steadyeddy
Thu Feb 27, 2014 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks that Don't Pay Dividends - Greater Fool Driven?
Replies: 73
Views: 4292

Re: Would you buy Total World index if it had Admiral Shares

I figure that by the time I roll over my final 401k in 40ish years it will probably be to this fund. Hopefully by that time it will be as cheap as it is simple. Full disclosure: I'm incredibly lazy.
by steadyeddy
Thu Feb 27, 2014 3:18 pm
 
Forum: Investing - Theory, News & General
Topic: Would you buy Total World index if it had Admiral Shares?
Replies: 40
Views: 3436

Re: Is a 'Dream House' raffle worth it?

1800 prizes.
1 in 50 odds.
$150 tickets.

That's $13,500,000 in revenue for sending out some mailings. I wish I'd have thought of it...
by steadyeddy
Wed Feb 26, 2014 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Is a 'Dream House' raffle worth it?
Replies: 14
Views: 1481

Re: Walton 4 Land Investment

It seems to me that the sorts of people that need this level of diversification have so much capital that they don't need to purchase in $50k units. And the corollary, if $50k is a significant portion of your net worth, then stocks and bonds are probably sufficient tools to diversify you.
by steadyeddy
Wed Feb 26, 2014 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Walton 4 Land Investment
Replies: 9
Views: 1021

Re: KissTrust--trust accounts for the middle class?

Notwithstanding our belief that the content is in the public domain... That is cheeky. They seem quite flippant about copyright and trademark law for a company peddling legal...ahem...self help products. I noticed their own intellectual property is protected by copyright, trademark, and patent, but...
by steadyeddy
Mon Feb 24, 2014 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: KissTrust--trust accounts for the middle class?
Replies: 30
Views: 9677

Re: Ding! Check engine light is now on. [PE10 exceeds 25]

An interesting study with a similar multi-indicator approach: http://scholar.harvard.edu/files/stock/files/pre-recession_pattern_of_six_economic_indicators_in_the_usa.pdf Hi Clearly Irrational, I'm curious why you added this little market timing strategy to your IPS. The chart showing market correc...
by steadyeddy
Mon Feb 24, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: Ding! Check engine light is now on. [PE10 exceeds 25]
Replies: 108
Views: 10568

Re: College Town Multifamily Unit

There is something missing from the equation, and you need to find out what it is before moving forward so you can make a decision with both eyes open. No rational person would sell this golden goose for that price.
by steadyeddy
Fri Feb 21, 2014 12:47 am
 
Forum: Investing - Help with Personal Investments
Topic: College Town Multifamily Unit
Replies: 15
Views: 1094

Re: What to do in Austin, TX

Wow, thank you all very much! I am so grateful for both the quality and quantity of suggestions. I am compiling all your suggestions into a menu of options so we can plan some activities and decide on others later based on weather and mood. Please do continue to post if you have input, and don't be ...
by steadyeddy
Thu Feb 20, 2014 12:08 am
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 2818

Re: Smart Home Purchase?

What am I missing about paying PMI? I'm looking at buying a $500k house and if given the option of putting down 3.5% or 20%, I would chose 3.5% without question. Based on an estimate I ran, borrowing $482,500 (3.5% down) would give me a $402/month PMI, and would take 105 months to pay off. That's $...
by steadyeddy
Wed Feb 19, 2014 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Smart Home Purchase?
Replies: 21
Views: 2346

Re: When to drop auto collision insurance?

I drop it when the value of the car is no longer worth insuring from a cost/benefit standpoint. For me that's maybe five or six thousand dollars. I value a car by looking on Craigslist and assuming that actual sales prices are about 10% lower than asking prices.
by steadyeddy
Wed Feb 19, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: When to drop auto collision insurance?
Replies: 21
Views: 2030

Re: Do you balance your checking account?

Balance it to what? Are you asking if I balance it to my physical check register where I've been dutifully recording individual transactions? (I let out two snickers and a guffaw just while typing that sentence.)

But seriously, I just keep and eye on transactions in Mint.
by steadyeddy
Mon Feb 17, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 4921

What to do in Austin, TX

My wife and I are in our mid-20's and visiting Austin, TX from 3/14 to 3/19. I read the earlier thread ( http://www.bogleheads.org/forum/viewtopic.php?f=1&t=92694 ), and hoped for some updated ideas. I know we'll be there for the tail end of SXSW, and we'll probably spend Friday or Saturday nigh...
by steadyeddy
Mon Feb 17, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 2818

Re: Best Non-Stick Pan or Skillet

My experience is that all non-stick coatings lose their finish fairly quickly. I've had better luck with replacing inexpensive pans frequently than buying expensive ones and expecting them to last.
by steadyeddy
Sun Feb 16, 2014 1:45 am
 
Forum: Personal Consumer Issues
Topic: Best Non-Stick Pan or Skillet
Replies: 51
Views: 4096

Re: Transitioning when one hits "the number"

The Wizard wrote:Hitting your number is good.
Having 20% or 30% more is better...


I always assumed Bogleheads' numbers were 20% or 30% higher! If you don't have that then you haven't hit your number in the first place.
by steadyeddy
Thu Feb 13, 2014 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transitioning when one hits "the number"
Replies: 72
Views: 5112

Ally Bank Checking Interest Rate Drop

I logged into Mint this morning and it informed me that the interest rate on my Ally checking dropped from 0.40% to 0.25%. Of course 15 basis points isn't too upsetting. I am more or less happy to earn anything on my checking balance, and I thoroughly enjoy Ally's mobile check deposit, free checks, ...
by steadyeddy
Sat Feb 01, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Checking Interest Rate Drop
Replies: 10
Views: 1249

Re: Is it time for a big exhale?

If you have S/S and COLA'd pensions and can currently live comfortably on both, then, by definition, you are saving for your dotage. That said, long-term-care expenses can be quite expensive. Note my other posts on this issue. My Mom lived quite comfortably on S/S and two annuities, until she was i...
by steadyeddy
Sat Jan 25, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it time for a big exhale?
Replies: 24
Views: 2968

Re: Glad I own bonds today!

My monthly 403b contribution is supposed to hit my account today, so I'm glad to get a bit of a discount on the stock side. :happy Exactly. +1. Fortuitous. I was getting really sick of people complaining about a possible future downturn in the market. Complaints about an ACTUAL downturn almost soun...
by steadyeddy
Fri Jan 24, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: Glad I own bonds today!
Replies: 56
Views: 4505

Re: Evaluate my finances. Young guy.

If you don't pay off your debts, you'll likely learn a very valuable lesson. If you do pay off your debts, you'll likely learn nothing. This where is gets sticky, I don't know if the lesson you'll learn is fully worth $100,000. But for you, it sounds like it might be.
by steadyeddy
Tue Jan 21, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 49
Views: 3675

Re: Fidelity AMEX + Walmart = Invalid Zip Code

Experienced the same problem. Also received new card due to Target fraud and assumed that was the cause. Haven't been to walmart since to verify.
by steadyeddy
Sun Jan 12, 2014 2:33 pm
 
Forum: Personal Consumer Issues
Topic: Fidelity AMEX + Walmart = Invalid Zip Code
Replies: 9
Views: 1005

Re: Looking for Actual Experiences with Umbrella Insurance

The general advice on insurance is to insure against catastrophic losses (so, for example, have high deductibles). An umbrella policy fits this category. +1 Purchasing insurance never makes mathematical sense (e.g. positive expected outcome). You typically lose at least 40% of your premium to under...
by steadyeddy
Wed Jan 08, 2014 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking for Actual Experiences with Umbrella Insurance
Replies: 79
Views: 6289

Re: Dogs of the Dow instead of S&P 500?

Dogs of the Dow is a great strategy as long as you only buy the ones that are about to go up and avoid the ones that are going to go down more. If you can't do that, stick to a total market index.
by steadyeddy
Mon Jan 06, 2014 11:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dogs of the Dow instead of S&P 500?
Replies: 27
Views: 2213

Re: Can we retire early? How much will we need?

You're all wrong! The OP needs at least $50 million to enjoy an annual withdrawal rate of $320K nominal ($200K real today)! :D :oops: Maybe to protect against black swans, deep risk, surface risk, continued low interest rates, confiscatory taxation, etc. and even the risk of spending more than the ...
by steadyeddy
Mon Dec 23, 2013 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can we retire early? How much will we need?
Replies: 39
Views: 3232

Re: How Often Is It Best To Rebalance?

My 401(k) had options to automatically rebalance quarterly, semi-annually, or annually. After thinking about it for a while, I decided that more rebalancing is better (in a "frictionless" 401k). If you're unhappy with the risk profile of your AA, you ought to formally change it rather than...
by steadyeddy
Sun Dec 22, 2013 12:14 am
 
Forum: Investing - Theory, News & General
Topic: How Often Is It Best To Rebalance?
Replies: 33
Views: 1887

Re: Considering a "Year Off" from retirement contributions..

You can clearly afford your wish list if you choose to afford it. Why not continue your retirement contributions and pay for your purchases out of your existing savings? The net outcome is the same, but this way you don't have to fiddle with stopping and restarting...behavioral economics and all tha...
by steadyeddy
Wed Dec 18, 2013 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5326

Re: Career advice for niece (without College degree)

I work at Megaxorp alongside many people who don't have a degree, but they are all in their 50's and 60's and are unable to move up or even laterally. They are 100% locked into their present job and could not be hired into it again if they applied again today. That's not something an 18 year old ki...
by steadyeddy
Wed Dec 18, 2013 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 3578

Re: Career advice for niece (without College degree)

but you know what - I was never considered for promotion and never considered a raise in salary on my own merits (except when everyone else was getting something) because even though they 'valued' my abilities as an anomaly, they didn't value my skill set in terms of $$ because I wasn't considered ...
by steadyeddy
Wed Dec 18, 2013 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 3578

Re: Vehicle Allowance or Company Vehicle?

steadyeddy wrote:Insurance, gas, depreciation, liability, and repairs probably add up to more than a pre-tax $1,000 on a 4x4 truck. The liability is probably the most significant issue you should think about. Do you have an umbrella policy?
by steadyeddy
Mon Dec 16, 2013 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vehicle Allowance or Company Vehicle?
Replies: 17
Views: 530

Re: Best cheap Motel for overnight stay?

I recommend either Marriott or Hilton Properties. I would consider the Fairfield Inns and the Courtyards (Marriott) as well as some Hampton Inns to be the closest they have to budget properties. I've also frequently stayed in Carlson Properties (Radisson, Country Inn & Suites). In general, I pr...
by steadyeddy
Mon Dec 16, 2013 9:44 pm
 
Forum: Personal Consumer Issues
Topic: Best cheap Motel for overnight stay?
Replies: 72
Views: 5393

Re: Vehicle Allowance or Company Vehicle?

Insurance, gas, depreciation, liability, and repairs probably add up to more than $1,000 on a 4x4 truck. The liability is probably the most significant issue you should think about. Do you have an umbrella policy?
by steadyeddy
Mon Dec 16, 2013 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vehicle Allowance or Company Vehicle?
Replies: 17
Views: 530

Re: Any bogleheads work "for the dark side"?

mhc wrote:Don't be a hypocrite. Do the right thing.


+1

And if it makes you feel any better, personal lines P&C agents are a dying breed with geico and other direct writers eating their lunch right now. Being a middle-man is an increasingly tough gig in the internet age.
by steadyeddy
Sun Dec 15, 2013 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any bogleheads work "for the dark side"?
Replies: 36
Views: 4027

Re: Spirit Airlines is THE worst!

Spirit just has a unique value proposition. A la carte pricing, zero frills, low prices. It's no different from Aldi which charges transparently for everything right down to paper bags. It doesn't appeal to me since 95% of my travel is for business, but it has its place. I bought a car in Chicago an...
by steadyeddy
Tue Dec 10, 2013 12:22 am
 
Forum: Personal Consumer Issues
Topic: Spirit Air?
Replies: 33
Views: 1766

Re: Beating the Market, as a Reachable Goal

If the industry gurus could reliably beat the market, then the AUM pricing model would disappear and they would begin fighting for assets by offering to take only a percentage of their gains. Funny how that's never happened and costs still matter...
by steadyeddy
Sun Dec 08, 2013 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: Beating the Market, as a Reachable Goal
Replies: 47
Views: 3286

Re: Are we watching a text book bubble with bitcoins?

I still don't understand how real businesses (e.g. Baidu) can afford to accept this "currency." U.S. college bookstores, for instance, don't accept payment in yuan or krugerrands, but somehow they're willing to accept a currency that's far less liquid, far more volatile, and has no legal ...
by steadyeddy
Sat Dec 07, 2013 3:07 pm
 
Forum: Investing - Theory, News & General
Topic: Are we watching a text book bubble with bitcoins?
Replies: 28
Views: 1934

Re: Are we watching a text book bubble with bitcoins?

I still don't understand how real businesses (e.g. Baidu) can afford to accept this "currency." U.S. college bookstores, for instance, don't accept payment in yuan or krugerrands, but somehow they're willing to accept a currency that's far less liquid, far more volatile, and has no legal s...
by steadyeddy
Sat Dec 07, 2013 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Are we watching a text book bubble with bitcoins?
Replies: 28
Views: 1934

Re: Dave says $300 a month can grow to $3M

To be fair, when you're trying to encourage debtors to save, it's best to speak in nominal terms rather than real. Inflation = uncertainty.

I've only ever heard about 10 minutes of Dave Ramsey's radio show, but he convinced my sibling's family to stop abusing credit so I'm a passive fan. :wink:
by steadyeddy
Sat Dec 07, 2013 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: Dave says $300 a month can grow to $3M
Replies: 76
Views: 8035
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