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Re: If you own a car, do you have a car payment?

Another Maxima owner here: 2001. My other car (besides my 1995 Dodge truck) is a 2008 Acura TL, which I originally leased because the lease interest rate was about 1% and Honda Finance paid the sales tax. So the lease cost me a negative couple of thousand dollars. :mrgreen: I bought it at end-of-lea...
by technovelist
Fri Jul 18, 2014 3:41 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7175

Re: It is time to retire when you .......

Before the Affordable Care Act, my answer was, "as soon as my spouse and I are both 63.5 years old and 18 months of COBRA will get us to Medicare", since buying private health insurance for someone in their late 50 or 60 was so difficult. We had a similar problem (albeit with a workaround...
by technovelist
Thu Jul 17, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 9667

Re: Why does anyone use American Express?

kontango wrote:I love our Starwoods AMEX card. We've built up a ton of points for hotels and traveling.

+1
by technovelist
Thu Jul 17, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why does anyone use American Express?
Replies: 146
Views: 22027

Re: Have you quit your job because of your boss?

Your pension won't do you much good if you die early from health problems as a result of stress. I would look for a transfer to another department/boss and if that isn't available I'd leave after returning from surgical leave.
by technovelist
Thu Jul 17, 2014 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7134

Re: Ways to lose money and destroy personal wealth by invest

Assuming that the future can be predicted by looking at the past.
For example, assuming that the history of the US stock market since 1927 is a reliable guide to the future.
by technovelist
Thu Jul 17, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9247

Re: Should I use margin to buy a balanced fund?

I would definitely go for it. In fact, why not go to 3x margin, or whatever your brokerage account will allow?
You'll either make a lot of money or get an invaluable education, so it's win-win!

(Note for the sarcasm-impaired: :oops:)
by technovelist
Thu Jul 17, 2014 11:44 am
 
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 181
Views: 9038

Re: Life insurance with health issues

I would use SelectQuote to find the best policy. I just did this and they got me a MUCH better rate than the policy I purchased through another agent. The SelectQuote agent explained this by saying that the different companies have different weightings on the various health issues that one can have;...
by technovelist
Fri Jun 20, 2014 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with health issues
Replies: 8
Views: 848

Re: Is it impossible to buy individual foreign treasuries?

I believe Fidelity will do this, but the minimum may be $100K or so.
by technovelist
Fri Jun 20, 2014 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: Is it impossible to buy individual foreign treasuries?
Replies: 9
Views: 482

Re: Federal reserve balance sheet may take 5-8 years to shri

The Fed created the dollars it used to buy assets. It will uncreate dollars when it sells or redeems assets. No, QE changes the composition of the Fed's reserves. It does not create money. http://www.cnbc.com/id/100760150 The purpose of QE is to drive down the cost of borrowing by increasing the de...
by technovelist
Sat May 10, 2014 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Federal reserve balance sheet may take 5-8 years to shrink
Replies: 41
Views: 4093

Prudential term policies allow early access to death benefit

This sounds like one possible answer to the terrible policy provisions of long term care insurance: http://www.bsibroker.com/semwebdocs/livingbenefit.pdf Some other companies have similar provisions but usually only for whole life, not for term. In Prudential's case, this is available for both term ...
by technovelist
Sat May 10, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prudential term policies allow early access to death benefit
Replies: 6
Views: 339

Re: The slackening...

There is a Chinese saying which goes something like: "Wealth doesn't get past 3 generations." Very interesting. I'm trying to decide what portion of our estate goes to our kids and what goes to charitable causes. Perhaps there is some way to motivate our children to become successful on t...
by technovelist
Tue Apr 15, 2014 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 7904

Re: Wife to work as a Contractor - Advice needed

I am now a contractor, part-time, for my previous employer. The contract is between my closely-held corporation and my ex-employer. Such an arrangement has a lot of advantages, especially with regard to options for retirement accounts that aren't available otherwise. Exactly what retirement account...
by technovelist
Sun Apr 13, 2014 11:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 2414

Re: Wife to work as a Contractor - Advice needed

I am now a contractor, part-time, for my previous employer. The contract is between my closely-held corporation and my ex-employer. Such an arrangement has a lot of advantages, especially with regard to options for retirement accounts that aren't available otherwise.
by technovelist
Sun Apr 13, 2014 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 2414

Re: This time it's different?

Ignore all the blarney about "lowering risk" by choosing certain flavors of stocks or building your portfolio a certain way. Or, at least, look at the numbers for yourself. Even when it's not completely wrong, lowering risk turns out to mean something like "fell 45% in 2008-2009 inst...
by technovelist
Sun Apr 13, 2014 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: This time it's different?
Replies: 16
Views: 2548

Re: Why Americans are Retiring Overseas

We're considering overseas retirement, but not due to cost savings... other than the long-term care conundrum, which is a big problem now that the insurance companies are writing completely one-sided contracts that I won't agree to.
by technovelist
Fri Apr 11, 2014 3:44 pm
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 11222

Re: Anyone else very reluctant to buy right now?

Based on one of Warren Buffet's favorite All due respect to him, but who cares? Who cares what he thinks? He has not beaten the market in 7 years from what I hear. I went to wsjonline, ran charts on BRK.B and SPX: value at 4/5/14: Brk.b 124.97 Spx 1911.63 value at 4/5/04: Brk.b 62.38 Spx 1107.30 ch...
by technovelist
Thu Apr 10, 2014 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 13759

Re: Expensive hobbies and possessions? (B/c you can...)

Acura TL Organic food Business-class international flights (not full-fare, of course!) SAS shoes (not really expensive, I guess) But the most expensive by far: Renting a luxury apartment in Dallas for the last two years. Yes, I needed to live somewhere around here for work... until today, that is. B...
by technovelist
Mon Mar 31, 2014 11:58 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 12997

Re: Purchasing New Tires for Car and Need Suggestions

+1 on the recommendation for Costco. I've used them several times and they have good prices and good service.
by technovelist
Mon Mar 31, 2014 11:37 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing New Tires for Car and Need Suggestions
Replies: 38
Views: 2501

Re: New E-book for Millennials

A very good introduction, and one that could save a lot of people a lot of trouble.
Although he did leave out my favorite investment. :mrgreen:
by technovelist
Mon Mar 31, 2014 11:11 pm
 
Forum: Investing - Theory, News & General
Topic: Free "If You Can" Kindle and .pdf eBook
Replies: 53
Views: 10717

Re: (Lack of) Emergency Fund - Are We Crazy?

Concept is not an issue but...... Keep in mind there is a delay selling stock before you can get cash in your hand...... I would suggest some account that is more liquid with a little in cash you need it quickly then fall back to the stock which you can convert into cash in say 3-5 days. If you hav...
by technovelist
Mon Mar 31, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Lack of) Emergency Fund - Are We Crazy?
Replies: 44
Views: 3588

Re: Death of co-worker

OP, Learn something from it. When your doctor tells you [medical advice removed by admin LadyGeek] JW I would never [response to medical advice removed by admin LadyGeek] I will not comment on this other than to suggest that if anybody reads this and thinks they should heed these statements, then p...
by technovelist
Mon Mar 31, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10032

Re: investment property pros and cons?

I think it is a bad idea to be so highly concentrated in real estate.
by technovelist
Mon Mar 31, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment property pros and cons?
Replies: 13
Views: 1197

Re: Time and benefits vs. money.

If I had that choice it would be easy, assuming that the state job isn't something I find abhorrent: take the job that gives more time for oneself. The difference in money isn't worth it.
by technovelist
Mon Mar 31, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time and benefits vs. money.
Replies: 21
Views: 1649

Re: The Boglehead Car -- What is It?

exoilman wrote:
Ged wrote:Depends on the life stage of the Boglehead. Prior to achieving his number it's a frugal good bang for the money car like the Honda Fit.

After achieving his number it's a more of a consumption choice. Mine was an Acura TL.


+1

Sam


+1 more
by technovelist
Mon Mar 31, 2014 2:12 pm
 
Forum: Personal Consumer Issues
Topic: The Boglehead Car -- What is It?
Replies: 150
Views: 11388

Re: Is The US Stock Market Rigged? ~ 60 Minutes March 30, 20

For anyone that knows anything about how technology works, especially how connections are routed, this story was clearly pandering to older people who don't understand technology. They coiled a fiber optic cable for 60km and that slows down traders? Fiber Optics goes the speed of light so that amou...
by technovelist
Mon Mar 31, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"
Replies: 70
Views: 3579

Re: Death of co-worker

JW Nearly Retired wrote:OP,
Learn something from it. When your doctor tells you [medical advice removed by admin LadyGeek]
JW


I would never [response to medical advice removed by admin LadyGeek]
by technovelist
Mon Mar 31, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10032

Re: Death of co-worker

soccerdad12 wrote:Death definitely makes you think twice about your plans.


I assume you mean the death of others, but perhaps not... :confused
by technovelist
Mon Mar 31, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10032

Re: Perils of Market Timing

huntertheory wrote:At the risk of beating a dead horse:

Image


According to that chart, they have achieved virtually perfect negative correlation!
by technovelist
Thu Mar 27, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Perils of Market Timing
Replies: 12
Views: 1499

Re: Life insurance with hazardous activities

Does anyone have good information on the best way to apply for term life insurance or the best companies to consider when you participate in "hazardous activities"? (In our case, rock climbing.) Find an agent who will research policies for you. Ask around amongst rock climbers which insur...
by technovelist
Thu Mar 27, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with hazardous activities
Replies: 11
Views: 1091

Re: We Don't want to die with Money

Grt2bOutdoors wrote:I will send you my "wire instructions". When can I expect the money? :moneybag :greedy


Sorry, I beat you to it. I guess we can share though! :sharebeer
by technovelist
Wed Mar 26, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: We Don't want to die with Money
Replies: 45
Views: 3949

Re: We Don't want to die with Money

sscritic wrote:
frugaltype wrote:
technovelist wrote:Take all of your money and buy a single premium immediate life annuity.
Problem solved!

Unless the insurance company goes bankrupt.

No, that still solves the problem. They wanted to die broke. They will.

+1
by technovelist
Wed Mar 26, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: We Don't want to die with Money
Replies: 45
Views: 3949

Re: Life insurance with hazardous activities

Does anyone have good information on the best way to apply for term life insurance or the best companies to consider when you participate in "hazardous activities"? (In our case, rock climbing.) We got quotes through term4sale, were contacted by an agent at Accuquote, and the annual premi...
by technovelist
Wed Mar 26, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with hazardous activities
Replies: 11
Views: 1091

Re: We Don't want to die with Money

Take all of your money and buy a single premium immediate life annuity. Problem solved! Actually, this does NOT necessarily solve the "problem" unless they die soon. Payout on an SPIA can exceed expenses in this case, it would appear. An extra $1000 a month over ten years or more can star...
by technovelist
Wed Mar 26, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: We Don't want to die with Money
Replies: 45
Views: 3949

Re: Example of efficient markets, or not?

Here's a way to test it. Use a computer to calculate degrees of name and ticker symbol similarity between pairs of stocks. Do some sort of, watchmacallum, factor analysis, regression, correlations, whatever to figure out how much of the return of any particular stock is explained by the phenomenon ...
by technovelist
Wed Mar 26, 2014 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Example of efficient markets, or not?
Replies: 14
Views: 681

Re: We Don't want to die with Money

Retread wrote:Even a SPIA annuity might not do the trick. If you're receiving $200,000 in annuity payments and spending $60,000 your estate will build up again.
Bruce


That's no problem. All they have to do is give me the rest of the annuity payments! :oops:
by technovelist
Wed Mar 26, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: We Don't want to die with Money
Replies: 45
Views: 3949

Re: We Don't want to die with Money

Take all of your money and buy a single premium immediate life annuity.
Problem solved!
by technovelist
Wed Mar 26, 2014 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: We Don't want to die with Money
Replies: 45
Views: 3949

Re: Do you work part time in retirement?

I'm "semi-retiring" at the end of this month, with a contract from my current (soon to be former) employer for a certain minimum number of billable hours over the next year. That minimum will be just about sufficient to pay my basic expenses for the rest of this year until SS kicks in agai...
by technovelist
Wed Mar 26, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you work part time in retirement?
Replies: 59
Views: 4260

Re: Buying first home in SF - gut check

A lot of what is attractive about San Francisco is disappearing, as diversity, artists, etc. get driven out by tech people with astronomical salaries. I would not buy a house there now, since I value what's being destroyed. Also, there apparently have been attacks on the google buses and so forth. ...
by technovelist
Wed Mar 26, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 9873

Re: Job Offer Negotiation / Interview Snafu

What I may do, is see if I can get a good offer from MegaCorp II and then use that to see if MegaCorp will re-evaluate their offer for me. Good problems to have but the whole process gets exhausting. As the hiring manager, if I got wind of this, or suspected it, you can bet you would never be hired...
by technovelist
Tue Mar 25, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 30906

Re: Worth forming an LLC for side gig? Tax question

Fact #1: I have a small side gig that earns about $400-$500 a month in revenue. I am tracking the expenses I generate in the process related to the side gig. Fact #2: I use the standard deduction when I do my income taxes. Question: Ignoring the liability benefits of an LLC, is it worth forming an ...
by technovelist
Tue Mar 25, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Worth forming an LLC for side gig? Tax question
Replies: 9
Views: 697

Re: Dividends Taxed Differently ?

The taxes would be the same either way, given that they are from a taxable account.
by technovelist
Fri Mar 14, 2014 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dividends Taxed Differently ?
Replies: 24
Views: 1207

Re: William Bernstein-When you've won the game, why keep pla

Everything is a gamble. If you gamble for more money, you are wasting time. I personally find time far more valuable than money. I have no idea how many decades, years, or days I will be healthy. That is why I retired early. I may be less rich, and my security if I make it to 90 or 100 might be sli...
by technovelist
Fri Mar 14, 2014 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 32711

Re: William Bernstein-When you've won the game, why keep pla

Everything is a gamble. If you gamble for more money, you are wasting time. I personally find time far more valuable than money. I have no idea how many decades, years, or days I will be healthy. That is why I retired early. I may be less rich, and my security if I make it to 90 or 100 might be sli...
by technovelist
Fri Mar 14, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 32711

Re: Help me run my company's pension plan

Although I'm not much of a fan of Treasurys, in your situation I would just buy 10-year Treasurys. Anything else opens up the company to too much liability, in my opinion.
by technovelist
Fri Mar 14, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help me run my company's pension plan
Replies: 35
Views: 2288

Re: "Gold to tank in 2014: Goldman Sachs"

Browser wrote:I love how on days like this when stocks get hit, gold is up pretty big. Easier to stick with the stocks when the yellow dog kicks in. :happy


That only helps if you have some gold in your portfolio, say 25%. :mrgreen:
by technovelist
Fri Mar 14, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 7408

Re: I don't want to upgrade XP just yet, is that ok?

I have upgraded several machines from XP to Windows 7 without difficulty. I wasn't surprised because the hardware requirements for Win7 are not significantly higher than for XP. Of course a faster, larger hard drive wouldn't hurt, nor would adding more memory, but neither of those should be absolute...
by technovelist
Thu Mar 13, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: I don't want to upgrade XP just yet, is that ok?
Replies: 86
Views: 7135

Re: How did you decide how much to save?

mhc wrote:I have goals. For example, I want to be able to retire at age XX. I balance that goal with living a reasonable life now. How much I save falls out from that. Basically, I save whatever I don't spend.


You want to be able to retire at 20? Wow! That is very aggressive indeed!
by technovelist
Thu Mar 13, 2014 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9766

Re: William Bernstein-When you've won the game, why keep pla

Much as I'd have liked to have coined the phrase "four horsemen" (common shorthand for Four Horsemen of the Apocalypse), someone beat me to it by two millennia: http://en.wikipedia.org/wiki/Four_Horsemen_of_the_Apocalypse Which I adapted in Deep Risk for my own purposes. I'm not spiriting...
by technovelist
Thu Mar 13, 2014 4:56 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 32711

Re: What's a reasonable composite expense ratio?

Mine is about 25 basis points.
by technovelist
Thu Mar 13, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: What's a reasonable composite expense ratio?
Replies: 62
Views: 3311

Re: William Bernstein-When you've won the game, why keep pla

[…] 3) Complete expropriation, a la China, Soviet Union, etc. Again, fairly uncommon. The only defense against this are the jewels and gold bars sewn into your clothes. Perhaps another defense would be to have friends, family, and/or assets outside of the country where you are domiciled or expect t...
by technovelist
Thu Mar 13, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 32711
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