Search found 3436 matches

by Kenkat
Tue May 23, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7406

Re: Net worth is overrated

I don't understand the statement that it is income that matters, not net worth. Your net worth is a large factor in how much income you can generate. Not all assets generate income - for example you home - but they can be converted to assets that can generate an income, and many other assets DO gene...
by Kenkat
Mon May 22, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: I'm calling "tails" on all the tosses of this coin...
Replies: 11
Views: 1085

Re: I'm calling "tails" on all the tosses of this coin...

It is probably a magician's coin; unlikely that it came from the mint because of the way they set the dies when the strike the coins. You could post some photos at www.coincommunity.com to get some additional opinions.
by Kenkat
Mon May 22, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7406

Re: Net worth is overrated

Net worth is in my opinion 50% of your financial picture, the other 50% being income, both current and future (social security, pensions, etc). Net worth can be converted to income and vice versa. Overrated is a relative term; I agree if net worth is ALL you are focused on, you are missing an import...
by Kenkat
Mon May 22, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Company "Case Manager"
Replies: 14
Views: 1161

Re: Health Insurance Company "Case Manager"

I was in the hospital earlier this year with blood clots; luckily I was only there for two days. I got a call from a United Healthcare case manager and the impression I got was that they wanted to be sure you had a plan for any follow up care needed - medications, doctors, etc. I think there are a l...
by Kenkat
Sun May 21, 2017 9:40 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 69
Views: 3925

Re: At what point to buy new car for safety

A lot of SUVs have rollover issues; if you look at the "least safe" list on informedforlife, you will see it dominated by SUVs due to increased rollover risk and small cars due to weight less than average. Minivans are very safe; I looked up our Honda Odyssey and it was near the top of th...
by Kenkat
Sun May 21, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 69
Views: 3925

Re: At what point to buy new car for safety

A lot of SUVs have rollover issues; if you look at the "least safe" list on informedforlife, you will see it dominated by SUVs due to increased rollover risk and small cars due to weight less than average. Minivans are very safe; I looked up our Honda Odyssey and it was near the top of the...
by Kenkat
Sun May 21, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: 2nd car for long commute
Replies: 15
Views: 1624

Re: 2nd car for long commute

The problem here is that you are trying to get 3 things - utility of a truck, good gas mileage and "fun" out of two cars. I am curious what your current "fun" car is but I get if you previously had a Mustang GT, that's going to be a different feel from most types of V-6 or turbo ...
by Kenkat
Fri May 19, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 53
Views: 5040

Re: Milestone and not peeking. . .

I feel like my compounding is really taking on a life of its own.


Congrats! I know this feeling too and I like it. It's a great feeling.
by Kenkat
Fri May 19, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Ohio National for disability insurance?
Replies: 10
Views: 480

Re: Ohio National for disability insurance?

Ohio National is a solid mutual insurance company with a long history and strong financials. They are very well regarded here in the Cincinnati area where they are located.
by Kenkat
Fri May 19, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: How to pick up good tires for the car?
Replies: 22
Views: 1349

Re: How to pick up good tires for the car?

Just read your other post. You've answered your own question here: Your tire tread is worn so quickly because you drive like a maniac. Driving 80 mph all the time is not okay. 75-80 is the going highway speed around here. Some states in the plains and west have speed limits of 75 mph on the interst...
by Kenkat
Fri May 19, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Where to get oil change?
Replies: 35
Views: 2262

Re: Where to get oil change?

The front tires are almost always going to wear faster on a front wheel drive car than the back tires. I would rotate the better back tires to the front and wear them down until they get even with the current fronts. That's going to maximize your tire life. If you always leave the better tires on th...
by Kenkat
Thu May 18, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cars policy/timing for teens/young adults
Replies: 22
Views: 1252

Re: Cars policy/timing for teens/young adults

We added a third car once we had two teen drivers. That worked for awhile but as both kids started working and the oldest started commuting to college, we were in a constant juggling act of who is driving which car today and when will the cars be needed. So, we recently added a 4th car, so my younge...
by Kenkat
Sun May 14, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 29
Views: 1958

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

I believe that particular Toyota V6 uses platinum spark plugs that are due for replacement at 120k, so if they have never been replaced, that could be one possibility. As others have said, your mechanic should have been able to read the codes - maybe he has done that and is getting a misfire code wh...
by Kenkat
Sun May 14, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Check engine light comes on, need advice
Replies: 27
Views: 1119

Re: Check engine light comes on, need advice

Make sure the gas cap is tight and the seal is good. That is a common one - just had this happen on my 2004 Monte Carlo. New gas cap and it's all fixed. Another common one is the oxygen sensor which is less of a do it yourself (unless you are handy) but also not a major repair. The check engine ligh...
by Kenkat
Sun May 14, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4418

Re: Cars: Expense or Asset?

An asset is an asset. It has nothing to do whether it goes up or down in value or has expenses associated with it. My mutual funds have expenses associated with them. So I should not count them in my net worth? From a practical standpoint, it is most likely not worth tracking low cost items (relati...
by Kenkat
Sun May 14, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Has Your Number Changed Over Time?
Replies: 11
Views: 1398

Re: Has Your Number Changed Over Time?

Mine has pretty much stayed the same since I started tracking to a "number" around the 1999 time frame. However, the number always had an inflation component built in to it so that factor is removed from a need to change over time perspective.
by Kenkat
Sat May 13, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4418

Re: Cars: Expense or Asset?

It's both. It is an asset that then depreciates, resulting in a depreciation expense every year in addition to on-going expenses to operating the asset every year.
by Kenkat
Fri May 12, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Price for brakes and rotors?
Replies: 73
Views: 2936

Re: Price for brakes and rotors?

My local shop charges around $300 per axle or $600 for both front / rear brakes.
by Kenkat
Thu May 11, 2017 5:59 pm
Forum: Personal Consumer Issues
Topic: Does a new car purchase make sense?
Replies: 38
Views: 2483

Re: Does a new car purchase make sense?

It would be helpful if you would list the actual year and make of the car, but if it is 8 years old and your wife hates it, I think it's probably not reckless even by Bogleheads standards to buy something else. If you are buying something like a Camry, you are just as well buying new as others have ...
by Kenkat
Thu May 11, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: "Necessary but not sufficient. CEO McNabb explains why it takes more than low costs."
Replies: 4
Views: 1126

Re: "Necessary but not sufficient. CEO McNabb explains why it takes more than low costs."

Call_Me_Op wrote:The problem is, if the manager is active, he or she is doing a lot of trading


That does not have to be the case; it mostly is not of Vanguard's active funds based on their turnover ratios.
by Kenkat
Wed May 10, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 4362

Re: Can you suggest a mortgage lender who does not resell

michelef wrote:We refinanced with Third Federal Savings & Loan and have had a good experience.


+1, if they are available in your area, I have had a great experience with them for a number of years.
by Kenkat
Wed May 10, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Assisting Parents (82 and 78)
Replies: 17
Views: 1793

Re: Assisting Parents (82 and 78)

You will get better responses if you spell out what those ETFs are.
by Kenkat
Wed May 10, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: 18" vs 20" Tires
Replies: 39
Views: 2099

Re: 18" vs 20" Tires

Wow! according to the Car and Driver article the radical bananaskins didn't really help performance,which I thought was the only justification for the things. So I thought I was prejudiced,but the facts justify even more rejection of the fad. I thought they would help performance on a controlled ra...
by Kenkat
Wed May 10, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Samsung or LG tv?
Replies: 49
Views: 2582

Re: Samsung or LG tv?

At this point they are mostly commodities so I would buy on price, picture and features.
by Kenkat
Tue May 09, 2017 6:39 pm
Forum: Personal Consumer Issues
Topic: 18" vs 20" Tires
Replies: 39
Views: 2099

Re: 18" vs 20" Tires

In most cases I think it is an appearance thing. Big wheels and tires are in so bigger is better. In theory, people put bigger wheels on cars so they can use a lower aspect ratio, which indicates the height of the tire. Less height = less flexing in turns which improves handling - usually at the exp...
by Kenkat
Sun May 07, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: College Reunion Vacation
Replies: 13
Views: 740

Re: College Reuion Vacation

I'd go for Beaufort, South Carolina, since you are basically describing "The Big Chill".
by Kenkat
Sun May 07, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 71
Views: 7084

Re: How do Bogleheads buy cars?

If you are looking at something like a Buick LaCrosse, you can get a certified 2014 - 2016 in the low to mid 20's. Looks like this model takes a big depreciation hit so used is the way to go. As others have said with Toyota, Honda, etc., depreciation is much slower so new might make sense. I'd look ...
by Kenkat
Sun May 07, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Uses of Debt
Replies: 21
Views: 2215

Re: Uses of Debt

Debt is a useful financial tool that, if used responsibly, can make sense. I have no regrets in financing major purchases such as vehicles or a home using some component of debt. My mortgage debt is at 3.39% fixed and I use a HELOC at 3.00% currently for vehicle purchases which is pretty attractive ...
by Kenkat
Sun May 07, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: savings account versus money market fund
Replies: 13
Views: 2090

Re: savings account versus money market fund

I have been considering closing my Capital One 360 Savings Account and moving the money back to Vanguard Prime Money Market. Similar to you, I moved money from my Prime MM account to Capital One when Prime MM rates went to near zero. However, Prime MM rate is now 0.95% and rising. While I realize th...
by Kenkat
Sun May 07, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Mazda CX3 lease... is this a good deal
Replies: 22
Views: 1700

Re: Mazda CX3 lease... is this a good deal

Are you going to want something new in three years? If so, and this is the exact car you want, a lease might be a good idea. From a straight financial perspective, it is usually much better to buy a new or perhaps used car outright and then drive it for many years to drive your cost per year down. $...
by Kenkat
Sat May 06, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 4281

Re: Tips From Older Bogleheads?

When you are young and just starting out, worry less about performance and returns and focus on saving as much as you can. When I first started, if I lost 10% in a particular year, it felt like a fortune was lost but in reality, I'd make that back up in savings in less than a year. Now if I lose 10%...
by Kenkat
Sat May 06, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: Swing Set 2700.00??
Replies: 35
Views: 3097

Re: Swing Set 2700.00??

My experience with play sets is that they will swing on the swings and go down the slide. Everything else such as extensive play houses or other features get old quick. There was a Lifetime set in the Costco link posted above for $1399 that looked nice and the Wal-Mart set for around $1500 linked ab...
by Kenkat
Sat May 06, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7210

Re: Stay home with kids?

It's going to come down to a personal decision focused around how much you enjoy work and how important is that aspect of your life. I guess I am not all that driven because if I had 6MM in savings, I'd probably retire on Monday. It's not that I hate my job, and I am older and have lower expenses, b...
by Kenkat
Thu May 04, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: Value Index Funds A Farce?
Replies: 28
Views: 3634

Re: Value Index Funds A Farse?

Maybe if RS Investments didn't charge so much for their funds, they'd have a better chance, but RS Value has trailed Vanguard Value Index <VIVAX> for the past 1, 3, 5 and 10 years. Value Index is based on the Russell 1000 Value Index I believe.
by Kenkat
Thu May 04, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2201

Re: Pension vs 401k

The company I work for contributes about 12% of salary to my pension; that plan is closed to new employees who get a 5% contribution to their 401(k) every year instead. A 2.5% crediting rate for each year of service is pretty attractive as well; my plan's rate is 1.66%. If you think this is a place ...
by Kenkat
Thu May 04, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: Road trip to western states
Replies: 38
Views: 1997

Re: Road trip to western states

I will say that until I worked out west in Utah for a project a number of years ago, I had no idea of the scale and size of each state. Everything is really far apart if you are used to living in the east or midwest. So you will have to pick an area to focus on because you can easily spend a full da...
by Kenkat
Thu May 04, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 7378

Re: Favorite Financial Indulgences

These may transcend the "indulgence" category but things recently I feel like I splurged on myself:

1) iPad Pro 9.7 tablet
2) 2014 Camaro - at least it was a certified used car so that's a little less reckless financially
by Kenkat
Wed May 03, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: New(er) car Financing Options
Replies: 4
Views: 251

Re: New(er) car Financing Options

El Greco wrote:6. Use a home equity line of credit and deduct the interest on your taxes. This is the way I have financed most of my vehicles, especially in a low interest environment.


This is what I have done as well.
by Kenkat
Mon May 01, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Need a car for 9-12 months
Replies: 21
Views: 1726

Re: Need a car for 9-12 months

Buy a used car with a big depreciation hit in the first few years. Something like a 4-5 year old Dodge Charger or Chevy Impala (the old design) might fit the bill. Looks like Nissan Leaf is another high depreciation vehicle.
by Kenkat
Sun Apr 30, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 8633

Re: Dealing with regret

Let the past bury its dead. Don't saw sawdust. -- Dale Carnegie The past is over, gone forever. Let it go and live in the present; it's the only thing you can influence, so spend your energies there, rather than on things you cannot change. Easier said than done I know; it takes work to get to this ...
by Kenkat
Sat Apr 29, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Car maintenance for older cars - where do you go ?
Replies: 52
Views: 3612

Re: Car maintenance for older cars - where do you go ?

We take all our cars to a local mechanic shop that was recommended to us and is located close to our house. Been in business since 1974. Good prices and if they recommend a service, I trust that they are not running up the bill.
by Kenkat
Sat Apr 29, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11463

Re: Microsoft, I want my computer back!

I have 3 desktops running Windows 10 in my household and don't see any of these issues; however, I do have a laptop that is slow as you describe. My son, who knows more about this stuff than me, says that the combination of 4GB of RAM plus an older hard drive running at 5400rpm is much of the proble...
by Kenkat
Fri Apr 28, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: The Importance of “Cash on Hand” to Life Satisfaction
Replies: 29
Views: 3489

Re: The Importance of “Cash on Hand” to Life Satisfaction

Speaking personally, I agree with the premise of the article and have found it true for me.
by Kenkat
Fri Apr 28, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 50
Views: 4392

Re: Which High-Yield Online Savings Account Should I Open?

The other thing I will mention is that funds like Vanguard Prime Money Market are now paying competitive rates after a few years of near zero interest rates. While this is not an option if you are looking for FDIC coverage, Prime MM is now at a 0.96% yield and that will probably continue to rise in ...
by Kenkat
Wed Apr 26, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Employer 401(k) Liability
Replies: 13
Views: 916

Re: Employer 401(k) Liability

Have you approached Fidelity with your new needs? They certainly have the capacity to handle anything you can probably think about in terms of 401(k).
by Kenkat
Mon Apr 24, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]
Replies: 45
Views: 6354

Re: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]

Data point. During a crash, stocks can lose 50-90%, bonds can lose 5-15%. Stock/bond crashes not typically coincidental. Bottom line. Don't sweat owing good bonds. I have heard this mentioned before that stocks can loose 50-90%. Is there any historical data that can back this up? It seems a very bo...
by Kenkat
Mon Apr 24, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Somebody hit my car in a parking lot
Replies: 26
Views: 3682

Re: Somebody hit my car in a parking lot

My wife was involved in a minor hit and run - about $600 damage - and my agent said that my carrier at least doesn't raise your rates for things that you are not at fault in.
by Kenkat
Sun Apr 23, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8108

Re: Helping adult children

The other option is to tell son #2 that you know he doesn't need the money but it's a gift that we want to give you. He can save it, spend it, give it to charity - whatever - but here it is.
by Kenkat
Sun Apr 23, 2017 4:46 pm
Forum: Personal Consumer Issues
Topic: Buying weekend home: suburbs or rural? (yard privacy important)
Replies: 24
Views: 2156

Re: Buying weekend home: suburbs or rural? (yard privacy important)

I already live in the suburbs so I don't think weekend home = suburbs. But it is probably different when you live in the city / NYC, so I will add this. My house sits on a lot that is 80 x 200 which is not huge, but I have a fair amount of privacy because the houses are staggered due to being on a c...
by Kenkat
Sat Apr 22, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Six pack for barbecue?
Replies: 77
Views: 5334

Re: Six pack for barbecue?

JDCarpenter wrote:If you were going to my brother's house, that would mean a six pack of natural light.


I thought a 30 pack was the smallest quantity that "Nati Light" came in. :happy

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