Search found 428 matches

by Wellfleet
Fri May 25, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for new home
Replies: 28
Views: 1395

Re: Mortgage for new home

I paid $1500 in origination fees for a 30 year fixed in 2017. It's a pain to do but for $10,000 I'd get three quotes myself. You have the brokers quote, now get one from a national bank and another from a local credit union.
by Wellfleet
Fri May 18, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Mitsubishi wall air conditioner
Replies: 34
Views: 2070

Re: Mitsubishi wall air conditioner

Fujitsu has a much nicer lineup of options including ceiling mount units that look like duct heads.

We have 2, neither are the ugly wall mount units.
by Wellfleet
Thu May 17, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4501

Re: How to think about schools/homes (Greatschools/Niche)

I get the sense that there is an anti-testing movement in some high-performing communities that deemphasize AP participation that then might mess with the algorithms on these websites. Might be wrong but yes, like the US News rankings, they are one tool of many to evaluate schools.
by Wellfleet
Thu May 17, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7578

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

SmilerUK wrote:
Thu May 17, 2018 1:56 am

In fairness to him, he is extremely well-off financially. I am worth multiples of millions, he is ten times that.

Don't think he has an island tho.
Since you have been successful to date making or managing millions, why take the casual advice of a friend when you know what it takes?
by Wellfleet
Fri May 11, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4346

Re: Anyone buy carbon offsets when flying?

On one hand it sounds like a good idea. But on the other hand, why aren't these included in the ticket price? Is it my responsibility or the airlines responsibility? This opens up the debate of whether vote with your dollar is effective.. There are no U.S. or international regulations requiring air...
by Wellfleet
Wed May 09, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5490

Re: How to handle problem employee

She pauses and says "I'm sorry, I don't understand". #I'mWithHer Best comment of the thread. I'm just happy I'm not her. ALL of my managers (some exceptional, some ok) have appreciated when I literally say “I don’t understand” and have the opportunity to manage privately improving my productivity a...
by Wellfleet
Sat May 05, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: Real estate agents - claim thousands of ready buyers??
Replies: 19
Views: 1612

Re: Real estate agents - claim thousands of ready buyers??

We have the same ad in Boston as well. Santana Hudson...is the ad read by one of the local news radio personalities?
by Wellfleet
Fri May 04, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 4732

Re: Buying a Boat

At least price a new 17 foot Whaler Montauk. I think I saw a base model for $20-25k. That way no worries about the engine that will be $10-15k when it dies.

Family has had all kinds of small boats and we like Japanese engines the most-Yamaha, Tohatsu, Suzuki.
by Wellfleet
Tue May 01, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: When/how did you start teaching your child about personal finance?
Replies: 34
Views: 2520

Re: When/how did you start teaching your child about personal finance?

Richard Scarry Books, particularly "What Do People Do All Day?" is a great resource.
by Wellfleet
Mon Apr 30, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide if I can afford to buy an apartment for parents
Replies: 46
Views: 2222

Re: Help me decide if I can afford to buy an apartment for parents

I would just move them to a nicer apartment and continue to subsidize the rent. Please read this before doing anything: http://jlcollinsnh.com/2014/02/20/case-study-10-should-josiah-buy-his-parents-a-house/ I agree with this approach as well. Can they afford $1000 a month? I had family rent a very ...
by Wellfleet
Fri Apr 27, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3198

Re: How stressful is buying a home?

In my view its a big project and most big projects require many people with varying levels of expertise. It requires dealing with many people who you wouldn't normally deal with like mortgage lenders, lawyers, inspectors, contractors, movers, etc. Add in the emotion of a place to live and it can be ...
by Wellfleet
Fri Apr 27, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Lawyer - how to outsource / offload grunt work for biz dev
Replies: 8
Views: 940

Re: Lawyer - how to outsource / offload grunt work for biz dev

This is what the marketing department *should* be doing. However in my professional service experience, marketing needs a lot of training to understand what a real prospect looks like and how they should be targeted.

Impressive that this person could make partner without having to do this!
by Wellfleet
Thu Apr 19, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Setting up an SFO (single family office) in Switzerland
Replies: 5
Views: 475

Re: Setting up an SFO (single family office) in Switzerland

Wikipedia has a surprisingly detailed summary. https://en.wikipedia.org/wiki/Family_office

Knowing nothing about this I would probably find the nearest big law firm and start with them.
by Wellfleet
Thu Apr 19, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 4543

Re: Another discussion about private vs public schools?

Have the baby, see how it goes then figure it out. Our wants and needs changed completely once the baby came.
by Wellfleet
Wed Apr 18, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12306

Re: How Far is too Far, Commuting?

A long commute is definitely a negative, so there needs to be something making it worth it (pay, hours at work, job). I'm in the car for 2 hours a day, but I get home before 5 everyday, have a ton of vacation days, a low stress job, and the total time commitment (job + commute) is 50 hours per week...
by Wellfleet
Mon Apr 16, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: What are the decisions that go into buying a home?
Replies: 3
Views: 407

Re: What are the decisions that go into buying a home?

It seems to be that the general consensus on Bogleheads is that a house purchase should be for non-financial reasons and that any financial benefits are gravy that may or may not keep up with inflation. You might be able to time the housing market correctly and make a bundle or get a new job and nee...
by Wellfleet
Thu Apr 12, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6069

Re: Could you support family on 1 income?

Did it when spouse took year off after babies were born. Tight budgets, only retirement match and no fancy expenditures but make it work.
by Wellfleet
Thu Apr 05, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16904

Re: What can we learn from secret millionaires.

I grew up with dozens of "Secret Millionaires". None of them achieved that status by being an employee. All were business folks. All were very very savvy. Some were in the "market", some not. Interesting, I try to model my plans after the secret millionaires that I know. All were employees. Keys: o...
by Wellfleet
Thu Apr 05, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Dealer issues Stop Sale and sues Toyota over Prius safety defect
Replies: 9
Views: 1485

Re: Dealer issues Stop Sale and sues Toyota over Prius safety defect

Is this actionable in any way? It's a news story lacking any verified facts.
by Wellfleet
Mon Apr 02, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Thank you for the Car Tips!
Replies: 4
Views: 914

Thank you for the Car Tips!

Thank you for the car related financial tips. I had to bring the car in for a "warranty enhancement" so I was reviewing maintenance records for a reimbursement and made a few observations: I was paying ~$60 for synthetic (maybe) oil changes, now $20 DIY from threads on Bogleheads (may get tired of i...
by Wellfleet
Wed Mar 28, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 13344

Re: Healthy eaters -- is this grocery budget normal to you?

Definitely not normal. The three of us eat very healthy foods but get them from Trader Joe’s and Aldis. Monthly bill is under 300/month. We probably spend an additional 100 on restaurants and takeout. Same here. Two of us are pescatarian annd one of us is a vegan, so we purchase organic veggies. I ...
by Wellfleet
Wed Mar 28, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 13344

Re: Healthy eaters -- is this grocery budget normal to you?

We average $800 a month in groceries for 2 adults and one not-too-finicky toddler. Plus $200 a month in dining out. HCOL area. We eat like royalty. Generally include meat for one meal (lunch or dinner) 4-5 days per week. We shop at Costco where organic is often default because I wouldn't choose to b...
by Wellfleet
Sun Mar 25, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Next season's ski pass - buy now or wait? (Ski Resorts in New England)
Replies: 10
Views: 862

Re: Next season's ski pass - buy now or wait? (Ski Resorts in New England)

I’ve heard that some local rental shops will do a kids season lease for about $100 and sometimes have deals worked out with NH mountains where the kids get a season pass for “free”.
by Wellfleet
Tue Mar 20, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to respond to internship offer?
Replies: 16
Views: 1372

Re: How to respond to internship offer?

Encourage your son to contact the college's career office. I am sure they can recommend the right language.
by Wellfleet
Mon Feb 26, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting my tenant the first time - need help
Replies: 14
Views: 1420

Re: Meeting my tenant the first time - need help

The tenant should be notified. You need to give notice as described in the lease you issued.
by Wellfleet
Tue Feb 20, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Repairing Stucco: A Case of Contractor Gouging
Replies: 39
Views: 2958

Re: Repairing Stucco: A Case of Contractor Gouging

So my question posed here is whether you people have ever suspected that the location of your home is a primary determinant of contractor pricing? If so, do you also suspect that there is collusion on some level to fix prices? Would this be actionable, either privately through some class action, or...
by Wellfleet
Mon Feb 12, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7710

Re: I’m not renewing my Costco membership.

Broken Man 1999 wrote:
Mon Feb 12, 2018 1:40 pm

I have started buying Costco's private label spirits, and am very satisfied with the ones I have bought. Broken Man 1999
I bought a 36-48? pack of Kirkland Light to a guy's weekend and my friends are still talking about it. That might be the only mediocre item at the place :beer
by Wellfleet
Mon Feb 12, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7710

Re: I’m not renewing my Costco membership.

We took a 2 month break when our membership expired and recently renewed. We tried Walmart for non perishables. Close to a wash pricewise. Milk cheaper at Walmart, bread cheaper at Costco. Organic eggs cheaper at Costco. Chicken cheaper at local supermarket Walmart seemed easier to make opportunity ...
by Wellfleet
Thu Feb 08, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 14124

Re: Financial Hole

Trying to make a budget for someone who can’t even capture all of their expenses is a fruitless task and it is clear JoeSo refuses to act on his situation. This. I have friends and family in same situation with the same outcome. I do hope the OP listens to this excellent advice whereas my friends a...
by Wellfleet
Thu Feb 01, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: shall I buy Toyota prepaid maintenance service for 2018 Camry
Replies: 37
Views: 3284

Re: shall I buy Toyota prepaid maintenance service for 2018 Camry

Just had a 6 year old Toyota pass 100K miles that has cost $350 in non-routine maintenance. That was an AC motor that went at about 70K. We've also had a problem with exterior lightbulbs burning out but those were $10 each and now covered with a service bulletin. We have done oil changes, tires and ...
by Wellfleet
Fri Jan 19, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 8543

Re: Short Commute or Nicer House?

The problem is you can buy close to work, but what happens if you lose that job and the next one is now a long commute. Are you going to move again? Yes, I don't get this either. We lived IN the city (checking all of the walkable/lively boxes although our neighborhood was not friendly-nothing like ...
by Wellfleet
Wed Jan 10, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Help with what to do with drafty fireplace
Replies: 26
Views: 1485

Re: Help with what to do with drafty fireplace

The first thing you should do is contact your utility for a free or low-cost energy audit. It might cover air sealing and insulation. As for the fireplace, I was shocked when I found out that they are -10 to 10 percent efficient! I’ve blocked mine with foam and sealant. I would go for a fireplace in...
by Wellfleet
Wed Jan 03, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 10457

Re: Effects of extreme cold weather

I think our septic system vents are frozen causing periodic odors. It goes away with bathroom fans running and I was able to clear the snow off one of three with a modified snow rake from the ground because I’m not going on an icy roof. They were working somewhat today (30F) because it smelled outsi...
by Wellfleet
Tue Dec 19, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Electric Energy Usage
Replies: 86
Views: 5924

Re: Electric Energy Usage

We are averaging 500 KwH in non-heating months.

It's a bit complicated in winter because we have an oil boiler and electric baseboard in the bedrooms with a minisplit for above freezing temp use.

We average 27 KwH on cold days or 800 kwH per month.

We are in Massachusetts.
by Wellfleet
Mon Dec 18, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: When to trade in a car?
Replies: 8
Views: 904

When to trade in a car?

We have two cars, a 2011 Camry with 100,000 miles and a 2015 Civic with 30,000 miles. We plan to buy a Highlander/Pilot/Minivan around when the Camry hits 150,000-175 or 2020. I'd like to consider driving that car after because I have a short commute to the train station and spouse drives the 2 kids...
by Wellfleet
Tue Dec 05, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 7968

Re: Lowering My Grocery Bill

I'm interested in this topic as well because it's a pretty big piece of the family spending. We are fortunate to buy anything we want. I am hypothesizing that part of the issue for my family is that when we hit multiple stores to take advantage of sales we just cannot avoid buying things we don't ne...
by Wellfleet
Tue Dec 05, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Growing Number of Electric Vehicles
Replies: 112
Views: 9427

Re: Growing Number of Electric Vehicles

I wonder what the tradeoffs are on heat pumps in New England? Electricity is (very) expensive by US standards. And HPs move towards COP of 1.0 at low enough temps (around 10 degrees F?). Yet, one could replace the heating oil in New England w Heat Pumps-- we have air-to-water ones here that work fo...
by Wellfleet
Thu Nov 30, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 9854

Re: Can I afford a $1,400,000 house

As part of a two physician marriage I would not recommend buying the house yet. It is really hard to know how much your wife will like her first job and this would be a very heavy anchor tying you to the area if a better job were to open up in the next year or two. As others have mentioned it is ve...
by Wellfleet
Tue Nov 28, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 71
Views: 7505

Re: How much to tip movers?

We moved last winter from the city to the suburbs.

I tipped the 3 person crew $100 each.

I had just spend a few hundred thousand on a house why not make someone's holiday?
by Wellfleet
Thu Nov 23, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4809

Re: Public or Montessori Private School

I maintain that this is a very personal decision for each family, and it is fascinating that on this website where we follow the facts that passive investing often produces superior results, the opinions in these other threads are not based on data whatsoever, just anecdotes. We will send our kids t...
by Wellfleet
Wed Nov 15, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5893

Re: Fair way to split expenses?

OP, from your recent posts, it looked like you posed this question in 2015. How did that effort work out?
by Wellfleet
Wed Nov 15, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 2427

Re: How much to charge for nanny services on New Year's Eve?

I am assuming this is for one night, how is it different than a babysitting gig? Submitting a resume for babysitting seems odd.

I'd be willing to pay overtime rates for that night.
by Wellfleet
Thu Nov 02, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3901

Re: Do you Mow your own Lawn?

Yes. As an workweek office dweller I like to be outside when I have the opportunity.
by Wellfleet
Tue Oct 24, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Dual Fuel Stoves
Replies: 19
Views: 1485

Re: Dual Fuel Stoves

I like to cook and I have a flat electric cooktop...it works great. I had gas before. I'm not sure why gas is considered better?

Buy the house, try it out for 6 months then worry about it. You have some bigger fish to fry in the short term.
by Wellfleet
Tue Oct 17, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 20
Views: 2111

Re: Buy a rental property before primary home?

Tomtom, this looks like an annual post from you, there were ones in 2016, 2015, 2014. Can you update us on what has changed in your situation so we can help you out! :beer
by Wellfleet
Mon Oct 16, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Life-insurance for young couple. Advice?
Replies: 23
Views: 2378

Re: Life-insurance for young couple. Advice?

Spouse and I each have 10X current salaries (early 30s). If needed, either of us would have the spouses salary plus social security equal to current salaries, using a 4% withdrawal rate.
by Wellfleet
Mon Oct 16, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 2462

Re: contributing to friend's non-profit?

I'd probably go to show support to a friend's venture (non-profit, new business or otherwise).

On the other side of the coin, I ignore social media based charity requests daily.
by Wellfleet
Wed Oct 11, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Boston area Relocation...major decision points
Replies: 34
Views: 3511

Re: Boston area Relocation...major decision points

It depends on how much you like the idea of living in the Boston area and how much you want the job vs. how much you are willing to compromise financially in terms of home size etc relative to the benefits your community offers you, as you define that. Some may define it by family and friends, publ...
by Wellfleet
Thu Oct 05, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 5023

Re: How much worth house should one buy?

My rules: 1) The PITI of the house you buy should be 20% to 30% lower than the house that you are renting. 2) Your net worth excluding the house should be at least 2.5 to 3 times the price of the house. KlangFool I like your rules but how do you reconcile differences in rentals versus houses? The a...