Search found 279 matches

by PVW
Sun Dec 10, 2017 9:21 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3738

Re: Buying index funds is just as speculative as buying Bitcoin

You should study up on behavior aspects of investing. Specifically you should ask yourself why you are investing in bitcoin. Would you still be a believer if bitcoin was worth $10, did you discover bitcoin when it's value started to skyrocket, did you need a non-inflationary store of value before yo...
by PVW
Sun Dec 10, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5525

Re: Does this happen to you? Educating friends about personal finance

My guess is that you are not really offering financial advice. You are offering casual conversation. There is a huge difference when it comes to implementing a financial strategy. I'm knowledgeable enough in the boglehead philosophy, that I can figure out my goals and implement it myself. I know why...
by PVW
Fri Dec 08, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: GPS tracker for loved one w Alzheimer’s
Replies: 21
Views: 1181

Re: GPS tracker for loved one w Alzheimer’s

Do you want to use this to regularly check up on her location, or are your worried about an emergency situation where she escapes her caregiver?

For emergency situations:
https://projectlifesaver.org/
by PVW
Fri Dec 08, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Dad Needs Help Buying Wedding Liquor
Replies: 55
Views: 4796

Re: Dad Needs Help Buying Wedding Liquor

If you buy two bottles of vermouth, be prepared to take them home and dust them off every six months for the next 10 years :D Since the OP doesn't drink, I'd recommend giving the nonreturnable bottles of liquor to the bride and groom. They probably would have little use for the vermouth themselves,...
by PVW
Fri Dec 08, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Got a little carried away, now stuck...
Replies: 12
Views: 2744

Re: Got a little carried away, now stuck...

Step away from the computer and develop a plan.
https://www.bogleheads.org/wiki/Investm ... _statement

It is easy to get trapped into thinking that investing is so important that it needs constant tending. Generally the opposite is true.
by PVW
Thu Dec 07, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 4115

Re: When Bitcoin blows-up

Don't start to worry until financial institutions start trading bitcoin hacking swaps. Or if Enron comes back from the dead to start brokering energy contracts to the bitcoin miners.
by PVW
Wed Dec 06, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?
Replies: 47
Views: 4047

Re: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?

Sounds like your friend is a compulsive hoarder and the tax write-off is just the excuse. You can't fix compulsive hoarding with logic. If you want to help, then your best avenue might be to provide support to his wife and suggest some counseling resources.
by PVW
Tue Dec 05, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: Dad Needs Help Buying Wedding Liquor
Replies: 55
Views: 4796

Re: Dad Needs Help Buying Wedding Liquor

Vodka - very trendy these days (and for some time). By trendy I mean that most of it is based on image and advertising, so don't bother trying to pick the best tasting, just get the most popular. Smirnoff is a good middle of the road brand that is well known to all vodka fans. To go upscale, get Gre...
by PVW
Tue Dec 05, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start making candy bars?
Replies: 6
Views: 1417

Re: Should I start making candy bars?

The appeal to Kellogg is "RXBar went from producing 1.5 million bars in 2014 to a projected 120 million this year."

It takes much more than a tasty protein bar to have those growth numbers.
by PVW
Tue Dec 05, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Received promotion offer at work and trying to negotiate the pay increase portion.
Replies: 23
Views: 1703

Re: Received promotion offer at work and trying to negotiate the pay increase portion.

Pay should be commensurate with job content and performance. bumped up a rung Doesn't really give us any idea if a 4% raise is worth the rung. If it's a change in title and slight change in responsibilities, then a 4% raise with a possible 10% bonus seems like a good move. If you turn down a minor p...
by PVW
Wed Nov 29, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9304

Re: Why should I donate to my alma matter?

My main reason (without knowing any facts), some of these colleges (and mine included) have so much endowment money that I can't fathom as to why they need any more money. I have similar feelings, but at least (most?) universities are upfront about their endowments. Some public universities have sq...
by PVW
Wed Nov 29, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9304

Re: Why should I donate to my alma matter?

Know where your money is going and what it is used for. Don't donate for some vague sense of gratitude.
by PVW
Wed Nov 15, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 48
Views: 3950

Re: Favorite Holiday Recipes

My secret recipe for holiday joy: 3 Tbs Bourbon 1/4 cup ice Mix together and enjoy. Adjust proportions to your liking. I don't like the yam/sweet potato dishes that are sweet. Here is a savory recipe from Rick Bayless that is quite good. http://www.rickbayless.com/recipe/savory-sweet-potato-casserole/
by PVW
Wed Nov 08, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6034

Re: Interviewing at a former employer, should I give them my current salary when they ask?

Unless they are very direct and want specifics, just spin the question and tell them what you want to make. If it's a form or questionnaire, leave it blank if possible or put in an obviously wrong amount. If you must tell them your current salary, then don't lie because they might already have that ...
by PVW
Mon Nov 06, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13211

Re: Why make more money?

Is there any reason to spend 40-50 hours a week making more? What would be your goal? I would rather have too much than not enough. There are a lot of unknowns in financial independence. I don't want to be taken advantage of. My work has value and I'm not willing to donate that value to my employer.
by PVW
Mon Nov 06, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9843

Re: Disposable income... how?

We tend to notice things that stand out. There will always be someone that has it better off than you. It is easy to notice this and wonder why so many other people have done so well. On average, you are above average. Among the things you notice, you might be the poorest soul on the block. It might...
by PVW
Mon Nov 06, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2113

Re: Dividends make up for high mutual fund fees

There is a lot of smugness in the responses here. Boglehead is not a religion and there is no need to label your family member a heretic. There are verifiable facts that underlie the Boglehead philosophy and you should be able to explain why you follow the philosophy. Relevant here: 1. Increased fee...
by PVW
Wed Nov 01, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9051

Re: Buffett "Key Indicator" near dangerous all-time high...

Interesting the Oracle of Omaha would warn equity investors are "Playing with Fire" due to his key overvaluation metric nearing an all time high: "Buffett indicator is the total market capitalization of all U.S. stocks relative to the country’s gross domestic product. When it’s in the 70% to 80% ra...
by PVW
Thu Oct 26, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: Package addresssed to my address, someone else's name, on house I am selling
Replies: 35
Views: 2758

Re: Package addresssed to my address, someone else's name, on house I am selling

To continue the conspiracy theories, I believe a foreign spy lives near your empty house. By shipping it to your house, the NSA wouldn't be alert enough to intercept the package and install a monitoring devices on his/her new cell phone. You should call your local NSA agent and report the package. I...
by PVW
Thu Oct 26, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction (Unmarried Couples)
Replies: 10
Views: 712

Re: Mortgage Interest Deduction (Unmarried Couples)

This is a question that requires interpretation if IRS rules. Apparently there are separate requirements for claiming property tax deductions and mortgage interest deductions. Personally, I would apportion the deduction in the same manner as the actual payments and not try to shift interest payments...
by PVW
Wed Oct 25, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Details requested when account hacked?
Replies: 7
Views: 616

Re: Details requested when account hacked?

It is likely that they are telling the truth. I would guess that brute force hackers are routinely trying to determine login information for financial accounts. If fidelity has determined that you have a weak password that might be subject to brute force hacking, then it would be wise for you to cha...
by PVW
Tue Oct 17, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting modest assets (house/IRA) from Medicaid/taxes
Replies: 9
Views: 770

Re: Protecting modest assets (house/IRA) from Medicaid/taxes

Where things get a little more challenging is if something happened to my mother. If she passed away, I think my sister and I would inherit the house (haven't confirmed, but pretty confident. Basically if my dad inherited it, he might not be able to afford the ongoing costs of living in it. So sist...
by PVW
Tue Oct 17, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 3215

Re: Grandparents want to give to grandkids

My only concern is that i'm not sure I would want my kids to have access to several thousand dollars at 21. Not sure how mature they will be and I think it may actually hurt rather than help. A few thousand dollars is about 2 weeks worth of a $50K annual salary. A 21 year old should already be prep...
by PVW
Tue Sep 19, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 13120

Re: Any "average Joe" here actually make out well with individual stocks?

I've made out very well with BRK. Bought in 2005 and have done very well compared to the S&P 500 index. You didn't ask, but I've also done very poorly with SHLD. I forget the details, but I bought around $120 when I read a story that Eddie Lampert was going to be the next Warren Buffett. That prophe...
by PVW
Thu Sep 14, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3245

Re: Brother in College Co-Signing w/ Buddy for Duplex

I may be mistaken, but from the description, it sounds a bit like mortgage fraud. Now that's a strong accusation, so let me explain my assumptions: The 5% down payment (deposit in UK terms) is for owner-occupiers, which is why your friend is looking for married co-workers to co-sign. Once you buy i...
by PVW
Thu Sep 14, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3245

Re: Brother in College Co-Signing w/ Buddy for Duplex

Reasons that I think this is a bad idea: - Going into business with a friend. Disagreements might force you cancel either the friendship or business relationship. Good friends think this will never happen, but it does. - You seem to know nothing about real estate investing. You have painted a rosy p...
by PVW
Tue Sep 12, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1617

Re: Assets tangled with in laws, how to minimize future liabilities

Are your inlaws concerned that you are interfering with your husband's obligation to provide for them? Given your concerns about limiting future support to only include some appreciated investments, I can see that your inlaws might be concerned about future support they were expecting from their son...
by PVW
Mon Sep 11, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51693

Re: Equifax customer information leak

I noticed TransUnion offers "TrueIdentity" product for free which allows on to easily "Lock your TransUnion report". Has anyone had experience with that? According to http://www.mymoneyblog.com/transunion-trueidentity-review.html it might be the same thing as the freeze but for free... ? I have no ...
by PVW
Mon Sep 11, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51693

Re: Equifax customer information leak

Credit freeze/unfreeze scam is the new credit monitoring scam to boost bottom line for credit reporting companies. No surprise the latest massive release of PII is from a credit reporting agency - setting off a panic that will result in perhaps millions of new paying customers for freeze/unfreeze a...
by PVW
Tue Aug 29, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Beginner Mountain Bike
Replies: 59
Views: 3500

Re: Beginner Mountain Bike

As a beginner, I would recommend against buying used. For a decent beginner bike, much of the variation in price is in the components and it will be difficult for you to evaluate the quality and condition of the components on a used bike. I'll echo other's advice - go to your local bike shop and tel...
by PVW
Tue Aug 29, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8686

Re: Relative angry I will not co-sign

Cosign or don't: different path, same destination. You will end up loosing the relationship either way, but if you don't cosign, then at least you get to keep your money.
by PVW
Fri Aug 18, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 3254

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

Just wait for the next bear market and all the "smart" money will flood back into active managed funds.
by PVW
Fri Aug 18, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 2639

Re: Did Chase Apply My "Additional Principal" Payment Legally?

Back on February 23rd I made a $5000 additional principal payment on my mortgage. I used Chase's payment form and checked the box "additional principal." I did not include the regular mortgage payment of $1052.39 in the remittance. I recently looked at my payment records and noticed that instead of...
by PVW
Thu Aug 17, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Sales Tax Calculation when Buying Online
Replies: 10
Views: 650

Re: Sales Tax Calculation when Buying Online

Almost all of my online shopping takes place at Amazon. Over the years, I've glanced at the sales tax calculation and it always looks accurate. Today, I placed an order online with a company that I believe is outside the US. I went to look at my invoice in my inbox after the purchase and noticed th...
by PVW
Wed Aug 16, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 4549

Re: bitcoin makes you rich

Bitcoin makes you rich ???? Pls share your experiences. The last get rich scheme was GT Advanced Technologies. That was a real company that made real things. It didn't turn out well for the "investors". We're all gonna be rich: http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-te...
by PVW
Mon Aug 14, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11062

Re: Bitcoin

I personally think investing is gambling. Agreed. And gambling is investing. We often see the following position in this forum: only Boglehead-style investing counts as real investing, whereas everything else is simply "speculating". I've wrongly perpetuated this falsehood myself, but I know now th...
by PVW
Wed Aug 09, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: Santa Fe New Mexico - recommendations
Replies: 26
Views: 2088

Re: Santa Fe New Mexico - recommendations

If you are a mtn bike rider, there are many options. For a physical challenge, do a vertical mile starting in Tesuque and ride up the Windsor trail then to the top of the Santa Fe Ski area. You can also go the other direction. If you need a hot soak, take a scenic trip up to San Antonio hot springs ...
by PVW
Fri Aug 04, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Survey ate some of my property....
Replies: 25
Views: 2379

Re: Survey ate some of my property....

First, decide if you really want those 15 feet. Your actual house lot didn't change - it's just that your perceived size changed. Do you get any enjoyment out of those 15 feet? Do you think giving up those 15 feet will decrease your value?
by PVW
Fri Aug 04, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Helping mom with debt, investing, and spending
Replies: 34
Views: 1900

Re: Helping mom with debt, investing, and spending

Someone else mentioned that your mother likely qualifies for social security benefits on her ex husband's record. One aspect of this is survivor benefits - so a loss of alimony due to death might be somewhat offset by an increase in social security benefits.
by PVW
Thu Aug 03, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Hospitals are offering their own insurance plans
Replies: 15
Views: 1633

Re: Hospitals are offering their own insurance plans

https://finance.yahoo.com/video/hospitals-could-kill-health-insurance-173400158.html Woow, would this be a game changer? What do you think? It already happened in Pennsylvania with the University of Pittsburgh Medical Center getting into the health insurance industry. Initially you might expect tha...
by PVW
Wed Aug 02, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2146

Re: Is This Always True Regarding Umbrella Policies?

retire57 wrote: Thanks PVW for the suggestion. RLI worked out.
You're welcome.
by PVW
Fri Jul 28, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Help with negotiating neighbor/yard drainage costs
Replies: 24
Views: 1840

Re: Help with negotiating neighbor/yard drainage costs

pshonore wrote: I don't think window wells are designed to be water tight and in my case compounded the problem.
Right, but they should be designed to easily drain water out of the bottom so reducing the rate of water infiltration into the window well might solve the problem.
by PVW
Thu Jul 27, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Help with negotiating neighbor/yard drainage costs
Replies: 24
Views: 1840

Re: Help with negotiating neighbor/yard drainage costs

Hi- My neighbor's driveway is sloped towards my house and in heavy rains, I can see water running from his driveway straight into my window well. A few years ago, he replaced the driveway and it is higher than my window wells. In heavy rains, I've had water in my basement and have it documented tha...
by PVW
Fri Jul 14, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: portfolio growth - compounding vs savings
Replies: 15
Views: 1797

Re: portfolio growth - compounding vs savings

My annual contribution equals about 4% of my portfolio. I expect annual market changes in the range of 10%, so 4% is significant. When daily or weekly market swings are equivalent to my annual contribution, then I might not notice the effects of my contributions. In another light, my annual savings ...
by PVW
Tue Jul 11, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2146

Re: Is This Always True Regarding Umbrella Policies?

retire57 wrote:Must you have your vehicle insurance with one carrier in order to obtain umbrella insurance?
No
https://www.rlicorp.com/personal-umbrella-policy
by PVW
Tue Jul 11, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Coyote control
Replies: 66
Views: 4844

Re: Coyote control

So you don't want to talk to anyone in the Government about this? Some good info here. http://www.laanimalservices.com/about-animals/wildlife/ Given your options, the best coyote deterrent would be stopping your neighbors from attracting them. If they are purposefully feeding wildlife, it's probabl...
by PVW
Mon Jun 19, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 2360

Re: Bonus, in bitcoin

Overstock has paid bitcoin bonuses to their employees.
http://www.ibtimes.co.uk/bitcoin-friend ... es-1459424
by PVW
Mon Jun 19, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 2360

Re: Bonus, in bitcoin

IRS considers Virtual Currencies as property.

https://www.irs.gov/uac/newsroom/irs-vi ... y-guidance
by PVW
Wed Jun 14, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6767

Re: Curious to odd estate question

Scenario, you want any assets that remain after you die to essentially vaporize so no one (person, institution, Government, Church, Charity) can benefit from them. Take it with you. By this I mean convert your estate value into cash and have it buried with you. Might have to do something elaborate ...
by PVW
Tue Jun 13, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Employee theft - How best to proceed
Replies: 26
Views: 3247

Re: Employee theft - How best to proceed

but you are aware that your employee committed fraud and you have done nothing to rectify the situation. If you do nothing you are aiding in fraud which would make you an accomplice. No, it wouldn't. There is no 'failure to report' law in Illinois that applies to this situation and to be an accesso...