Search found 627 matches

by BogleMelon
Tue Aug 22, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: What is your cash reserve limit, above which you invest?
Replies: 25
Views: 2248

Re: What is your cash reserve limit, above which you invest?

LiterallyIronic wrote:
Tue Aug 22, 2017 10:20 am
The buffer should get us through most short-term problems, such as a car repair, while the three months expenses should get us through a job loss. That's our philosophy.
And you invest any extra?
by BogleMelon
Tue Aug 22, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: "Forget Tough Passwords: New Guidelines Make It Simple"
Replies: 43
Views: 4804

Re: "Forget Tough Passwords: New Guidelines Make It Simple"

The organization suggests keeping passwords simple, long and memorable. Phrases, lowercase letters and typical English words work well Except that every single website has its own requirements and usually asks for special character + lowercase + upper case + numbers that are not in sequence + a dro...
by BogleMelon
Tue Aug 22, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: What is your cash reserve limit, above which you invest?
Replies: 25
Views: 2248

What is your cash reserve limit, above which you invest?

I know that this topic was beaten to death, but I am in a need to a more customized advice here. I max out both Roth's IRA (me and wife), and contribute a good chunk to 401K's. I can not afford to max any of our 401K. I will start saving for 2 major events (5-10 years): To replace 2 cars eventually ...
by BogleMelon
Thu Aug 17, 2017 6:23 am
Forum: Investing - Help with Personal Investments
Topic: Beam 2-4% APY
Replies: 8
Views: 852

Beam 2-4% APY

Just saw this ad but not sure if it is too good to be true. Anyone here heard about it?
https://meetbeam.com
by BogleMelon
Tue Aug 15, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6533

Re: Is $9000 too much for a sectional sofa ?

Yes, it is too much. Not just the $9000 is the cost that you pay, but you will also get sold on insurance for it "AKA extended warranty" since it is expensive. Even if it is just $9K the true cost would be about $20K over time! (the loss of opportunity cost of that money invested at an annual rate o...
by BogleMelon
Fri Aug 11, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Be aware of Project Fi phone buy service
Replies: 26
Views: 1816

Re: Be aware of Project Fi, Google sometimes is evil

All companies do that.. Same thing when your car that once was bought brand new get involved in a crash and declared total loss. The insurance company then will value the car at the time of accident and compensate you. They will never pay the brand new car value cause you did used the car for a whil...
by BogleMelon
Thu Aug 10, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Why shouldn't I buy a Google Pixel through Verizon?
Replies: 12
Views: 1090

Re: Why shouldn't I buy a Google Pixel through Verizon?

Op, something to consider, you probably will have huge amount of Verizon bloatware that you can not remove from your phone unless you know how to root the phone, which is a complicated process. The bloatware will consume a lot of your phone resources including the battery and its memory.
by BogleMelon
Tue Aug 08, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4136

Re: Deja Vu.. are there too many houses for sale?

How do you guys know about how much it would take the nearby houses to sell?!
by BogleMelon
Tue Aug 08, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4136

Re: Deja Vu.. are there too many houses for sale?

Just last night I heard that a friend's mother was outbid when she made an all cash offer of $1.3m on a house listed at less than $900k. I never bought a house in US. I am a renter. I don't understand how can one decide if the listed price is too low and he would be better off to offer more than li...
by BogleMelon
Tue Aug 08, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4136

Re: Deja Vu.. are there too many houses for sale?

Just last night I heard that a friend's mother was outbid when she made an all cash offer of $1.3m on a house listed at less than $900k. I never bought a house in US. I am a renter. I don't understand how can one decide if the listed price is too low and he would be better off to offer more than li...
by BogleMelon
Tue Aug 08, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4136

Deja Vu.. are there too many houses for sale?

I notice that there are too many houses for sale in my neighborhood. That reminds me of the last crisis. Do you notice the same thing in your area? Or it is just me?
by BogleMelon
Thu Aug 03, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: 401K rollover
Replies: 5
Views: 206

Re: 401K rollover

When you rollover your 401K to Vanguard, Vanguard won't charge you any fees other than the its funds ER (expense ration). However your current 401K company will probably charge you something, u can check with them on that. You don't need any financial adviser, a lot of free resources are available h...
by BogleMelon
Thu Aug 03, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 6592

Re: Losing confidence in Ally Bank - what would you do

I saw someone recommended Discover. I vote against Discover. Had a nastier issue with them before with account being suspended too and so much hassle and back and forth to get things straighten out.
by BogleMelon
Tue Aug 01, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds math
Replies: 2
Views: 405

I-Bonds math

I am new to I-bonds world. Last March I started laddering my EF to I-bonds. I bought $2000 in March (transaction backdated 03/1/17), the interest was 2.76%. Now I am checking the value and it is $2,008.80 (8/1/17). Applying the XIRR formula showing me that this is equal to 1.05% only (not the 2.76%)...
by BogleMelon
Sun Jul 30, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 3618

Re: How do you decide if you can afford something?

I use a budget software (YNAB 4). If the money is available in the category then I can afford it. The total of all categories balances = all the cash in all of my bank accounts (to the penny). AKA "envelope system"
by BogleMelon
Sun Jul 30, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Questions about prescribed sunglasses
Replies: 14
Views: 1082

Questions about prescribed sunglasses

I am looking to buy my first pair of a prescribed sunglasses. I have already a prescription, but not sure what store is the best for shopping. I am aware that almost all of the glasses are made by 1 company (Luxottica) but I am not sure if the same thing applies to lenses as well. And speaking about...
by BogleMelon
Thu Jul 27, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

Bogle's, this experience (buying a rental car) is totally new for me. Buying a rental was suggested here in another post of mine and I want now to go with it, but I need (as usual) your input. Details: I just booked a 3 day rent-to-buy (Hertz) for a 2016 Mazda 3. I should pick the car within next w...
by BogleMelon
Thu Jul 27, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

Bogle's, this experience (buying a rental car) is totally new for me. Buying a rental was suggested here in another post of mine and I want now to go with it, but I need (as usual) your input. Details: I just booked a 3 day rent-to-buy (Hertz) for a 2016 Mazda 3. I should pick the car within next w...
by BogleMelon
Wed Jul 26, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

Buying a rental car is like marrying someone that used to be a prostitute. Everything may work out fine but there is a chance that there will be serious issues. When buying any thing that is used, the same analogy can be applied on it. Used = a chance of serious failures. Even with brand new stuff ...
by BogleMelon
Wed Jul 26, 2017 8:00 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

OP - How does the price compare to KBB/Edmunds dealer & private party sale prices? Lower by about $3K. Plus the benifit of 3-day rent to try, 12 months powertrain warranty (or 12K) from Hertz, low milage and the No haggle price, all of that is very alluring to me! Lower than the dealer price by...
by BogleMelon
Wed Jul 26, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

OP - How does the price compare to KBB/Edmunds dealer & private party sale prices? Lower by about $3K. Plus the benifit of 3-day rent to try, 12 months powertrain warranty (or 12K) from Hertz, low milage and the No haggle price, all of that is very alluring to me! Only other advice I would give...
by BogleMelon
Wed Jul 26, 2017 7:47 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

Any advice you have for me? The used rental car I bought worked out great so relax and enjoy it. One thing to do is to find out from Mazada the date the warranty on it started. If it is still under the full warranty then just before it expires have a Mazda dealer check it out to see if there is any...
by BogleMelon
Wed Jul 26, 2017 7:47 am
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

I mean no disrespect to anyone here, but my question is not if rental is something I should consider or not (obviously I considered already). But I need any input on doing the process and the transaction itself, example what to watch out for, what to avoid...etc. Also if someone has Mazda in particu...
by BogleMelon
Tue Jul 25, 2017 11:11 pm
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

squirm wrote:Kids beat on them (under 25 or so). Burnies, doughnuts, etc.

If I were one of those, i would either choose the cheapest rental (Nissan Versa) or a sportive car if i have enough money. But a midsize sedan who is in between? Not sure about the odds of that, unless it is my confirmation bias!
by BogleMelon
Tue Jul 25, 2017 11:08 pm
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

No offense but where is the fun in beating on a Mazda 3 or Kia whatever? If you are getting a better than average deal, I wouldn't have any concerns. Excuse my second English language, I am not sure what you mean by that? "No offense but where is the fun in beating on a Mazda 3 or Kia whatever...
by BogleMelon
Tue Jul 25, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

Re: About to buy a rental car, any advice?

poker27 wrote:No offense but where is the fun in beating on a Mazda 3 or Kia whatever?

If you are getting a better than average deal, I wouldn't have any concerns.

Excuse my second English language, I am not sure what you mean by that?
by BogleMelon
Tue Jul 25, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: About to buy a rental car, any advice?
Replies: 54
Views: 3669

About to buy a rental car, any advice?

Bogle's, this experience (buying a rental car) is totally new for me. Buying a rental was suggested here in another post of mine and I want now to go with it, but I need (as usual) your input. Details: I just booked a 3 day rent-to-buy (Hertz) for a 2016 Mazda 3. I should pick the car within next we...
by BogleMelon
Mon Jul 24, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Discover(card) Now Offers Free Social Security Number Alerts
Replies: 9
Views: 783

Re: Discover(card) Now Offers Free Social Security Number Alerts

I hate Discover! I once was trying to ACH my $15K out back to my saving account (same account on file that used to fund Discover account and was saved in my online profile). The transaction initially went through, then they were trying calling me for 2 days. I didn't know it was them by that time, i...
by BogleMelon
Fri Jul 21, 2017 10:41 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: REITs Aren't Special
Replies: 106
Views: 8420

Re: Larry Swedroe: REITs Aren't Special

Every time one of these articles is getting published i feel relieved as I don't really have to understand all the technicalities in the article or best I don't have to worry about my portfolio. Again I feel my 3 fund portfolio has scored another home run! Thanks to this forum though! Yes simplicity...
by BogleMelon
Fri Jul 21, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Pre-Purchase Inspection Services - any good?
Replies: 8
Views: 621

Re: Auto Pre-Purchase Inspection Services - any good?

Small Law Survivor wrote:it would put a lot of miles on the car.

What about test driving then? are you allowed to test drive or it would put a "lot of miles" too? If you are allowed to test drive, then tell him ok I will take it to my mechanic on my way back. If he doesn't allow test drive then run away
by BogleMelon
Thu Jul 20, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 8435

Re: Can anyone convince me I need international stock in my portfolio?

. Now, I know past performance doesn't predict future performance, but why would we assume the opposite, that international stocks would overperform US stocks at any time the future. On what basis would we assume that? When it comes to predicting the performance, I am not assuming anything. I never...
by BogleMelon
Mon Jul 17, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Is that one of the longest bull market?
Replies: 10
Views: 1291

Re: Is that one of the longest bull market?

Same boat.. NJ... can't buy a house. Currently renting for undefined period. :(
by BogleMelon
Mon Jul 17, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: Is that one of the longest bull market?
Replies: 10
Views: 1291

Is that one of the longest bull market?

Just out of curiosity, how the current bull market is compared to the previous ones?
by BogleMelon
Fri Jul 14, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Whole life insurance for uninsurable person
Replies: 10
Views: 736

Re: Temp Whole life insurance for uninsurable person

Didn't know about that, thanks guys
by BogleMelon
Fri Jul 14, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Whole life insurance for uninsurable person
Replies: 10
Views: 736

Re: Temp Whole life insurance for uninsurable person

Why does he need life insurance only for this trip? Is there someone who depends on his future earnings only for the duration of this trip? He would keep the term policy if they have approved him. Now he is denied, he is considering whole policy till he gets back and then cancel it and reapply for ...
by BogleMelon
Fri Jul 14, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Whole life insurance for uninsurable person
Replies: 10
Views: 736

Re: Temp Whole life insurance for uninsurable person

pintail07 wrote:What country is he traveling? Are they denying because of the country he is visiting? What makes him uninsurable?

Yes it is because of the country
by BogleMelon
Fri Jul 14, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Whole life insurance for uninsurable person
Replies: 10
Views: 736

Temp Whole life insurance for uninsurable person

I have a friend who is travelling to one of the 3rd world countries (to attend a family event) in about a week. He was trying to get a term-policy before travelling, but insurance companies turned him down and they said it is a temporary deny and they will insure him after he is back from his trip. ...
by BogleMelon
Thu Jul 13, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9768

Re: Do you count vehicle equity in net worth?

One definition of an asset is that they could increase in value. Cars can never go up in value, so they are consumables. That said I don't count them in my net worth.
by BogleMelon
Sat Jul 08, 2017 9:32 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 6739

Re: Shopping for first bike since I was a kid

livesoft wrote: I would not be surprised if Uber was used for a flat tire.

Actually AAA can be used for bike breakdown
by BogleMelon
Sat Jul 08, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 6739

Re: Shopping for first bike since I was a kid

OP me and my DW are in the same exact boat as you!! I found a program near where I live called Bike Exchange where people donate their bike, voulunteers fix it and sell it as used, cheap and with a 30 days return! I think if you have something like that it would be a fit to your budget and in the sa...
by BogleMelon
Thu Jul 06, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriately handling a transfer to Vanguard
Replies: 16
Views: 968

Re: Appropriately handling a transfer to Vanguard

I am curious to know how that late meeting went..
To answer your question, definitely bad and unprofessional behavior. In most states there are laws for businesses not to solicit the customers (by phone! let alone by stopping by!!) after certain hour, he probably violated one of these laws as well.
by BogleMelon
Thu Jul 06, 2017 12:30 pm
Forum: Investing - Theory, News & General
Topic: What is a "sleeve"?
Replies: 34
Views: 3229

Re: What is a "sleeve"?

He is right, you have to avoid index funds if you want to retire comfortably.
Edit: (I forgot to add the word "him" after the word "want") :D
by BogleMelon
Mon Jul 03, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Another health insurance question - term life
Replies: 8
Views: 386

Re: Another health insurance question - term life

2 questions I would ask myself if I were you: - Will my daughter be financially dependent (on me) till she is 30 years old? - If I died while my daughter is say 21 years (or any time later), will she inherit enough? If the answer to the first question is yes and (not or) the answer to the second que...
by BogleMelon
Fri Jun 30, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: Please suggest a $6K-$8K car
Replies: 22
Views: 1905

Re: Please suggest a $6K-$8K car

Perkunas wrote:Pontiac vibe is a good option with a hatch-back. Basically has a Toyota engine but Pontiac price

I am new to US, never heard of that car before! Where it is being manufactured? and what year do you recommend?
by BogleMelon
Fri Jun 30, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Please suggest a $6K-$8K car
Replies: 22
Views: 1905

Re: Please suggest a $6K-$8K car

In that price range you should be able to get a ~2010 Honda Civic or Toyota Corolla with reasonable miles. Oldest kid has a 2010 Civic LX. It drives better than my car. Check budget lots or Craigslist. Used cars are always interesting. Example: This is an 08 Civic, but same body style as 2010. m To...
by BogleMelon
Fri Jun 30, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Please suggest a $6K-$8K car
Replies: 22
Views: 1905

Re: Please suggest a $6K-$8K car

bluebolt wrote:You didn't give a lot of criteria other than safety

"Safety" is my bare minimum feature, the rest of the features, the more of the them the better.
by BogleMelon
Fri Jun 30, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Please suggest a $6K-$8K car
Replies: 22
Views: 1905

Please suggest a $6K-$8K car

Would be the second car (not the main one)
Family of 2, so I don't mind a 2dr car
Safety is a major thing, so please eliminate super small cars (such as Fit) cause not sure how would an impact with a SUV would do to it!

Thanks!
by BogleMelon
Thu Jun 29, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: Tax free investing with hedge funds
Replies: 2
Views: 284

Re: Tax free investing with hedge funds

How it works: The client buys a private-placement life-insurance policy. The insurance company invests in alternative assets such as hedge funds. Profits, if any, would ordinarily be taxed as capital gains, but because it involves an insurance company, which must abide by certain restrictions, the ...
by BogleMelon
Wed Jun 28, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 2899

Re: Lease New Car?

And cars are not appreciating assets so why put more money into it. By driving a car (any car) off a dealership's parking lot, you will spend money in something that will depreciate anyways (leasing or buying). I will not keep the car more than 4 years That is why your math shows that leasing could...
by BogleMelon
Wed Jun 28, 2017 7:09 am
Forum: Personal Consumer Issues
Topic: Cellular Data Usage
Replies: 11
Views: 922

Re: Cellular Data Usage

Sometimes services such as virtual voice mail and multimedia messages (MMS) is causing that. I guess technically this is ok and there is no way around.
If you want to make sure that there is no leak, just turn your mobile data off