Search found 71 matches

by bogglizer
Sun Sep 24, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 74
Views: 3212

Re: Where do you get your news?

NPR on my drive to work. Apple News app during spare moments at work. Slashdot, Drudge Report, and Reuters online at home.
by bogglizer
Sat Sep 23, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I create LLC for new business?
Replies: 16
Views: 936

Re: Should I create LLC for new business?

An LLC only protects your personal assets if the LLC is truly not run as a sole proprietorship. In other words, someone else has to hold stock. Not sure if it can be a spouse to get the protection. (warning: this may be state dependent.) This is based on a false premise. A Limited Liability Company...
by bogglizer
Sat Sep 23, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Should I create LLC for new business?
Replies: 16
Views: 936

Re: Should I create LLC for new business?

An LLC only protects your personal assets if the LLC is truly not run as a sole proprietorship. In other words, someone else has to hold stock. Not sure if it can be a spouse to get the protection. (warning: this may be state dependent.)
by bogglizer
Wed Sep 20, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help me calculate returns on Whole Life Policy - Keep it or cancel it?
Replies: 19
Views: 1461

Re: Help me calculate returns on Whole Life Policy - Keep it or cancel it?

If

( [cost of term insurance for 1 year] + [annual cash value increase] - premium ) / [cash value] > 3%

then it might be worth keeping. The 3% is a judgment call. You could pick a higher or lower number, depending on your take on what makes a worthwhile investment.
by bogglizer
Sun Sep 17, 2017 8:34 pm
Forum: Investing - Theory, News & General
Topic: The Difference Between Risk and Uncertainty
Replies: 41
Views: 2702

Re: The Difference Between Risk and Uncertainty

From a mathematical perspective, risk almost always includes the upside as well as the downside. This is because when only considering the downside, it is almost impossible to compute anything. Even unknown unknowns have probability distributions. These are, for example, the long tails of stock vola...
by bogglizer
Fri Sep 15, 2017 10:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new security key option
Replies: 83
Views: 17878

Re: Vanguard's new security key option

Can't I fix the SMS back door by removing any cell numbers from my account?
by bogglizer
Fri Sep 15, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump (W)Hole Life Insurance and Variable Insurance
Replies: 14
Views: 1004

Re: Should I dump (W)Hole Life Insurance and Variable Insurance

WLI is an investment like any other, and its current return can be computed. If ( [cost of term insurance for 1 year] + [annual cash value increase] - premium ) / [cash value] > 3% then it might be worth keeping. The 3% is a judgment call. You could pick a higher or lower number, depending on your t...
by bogglizer
Tue Sep 12, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Potential downsides of placing a credit freeze?
Replies: 24
Views: 1793

Re: Potential downsides of placing a credit freeze?

We froze our credit back in around 2003 for around five years or so. I lost some of the paperwork, and it was a PITA to unfreeze when we decided to move. I bet the entire process is different now.
by bogglizer
Sat Sep 09, 2017 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate my Whole Life Policy....
Replies: 8
Views: 1194

Re: Help me evaluate my Whole Life Policy....

Don't forget to add the value of the life insurance. The increase in value of the policy is the increase in cash value plus the equivalent insurance cost of term insurance.
by bogglizer
Wed Sep 06, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5425

Re: What is the main purpose of holding your current job?

1. I design probes to places like Venus and the moons of Saturn. Telescopes that look deep into the universe. Why would I be doing anything else?
by bogglizer
Tue Sep 05, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 3499

Re: How do you track expenses ?

Gnucash - it's free!
by bogglizer
Sat Sep 02, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out whole life
Replies: 13
Views: 1551

Re: Cash out whole life

Despite the fact that Boglites here tend to bag on whole life policies, policies that my grandparents purchased for me as a young child are doing very well as investments. I also purchased one for my son when he was just born, and his policy is already doing well as an investment, now that he is 14....
by bogglizer
Sat Aug 19, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: The Phillips Curve is not working!
Replies: 26
Views: 2743

Re: The Phillips Curve is not working!

There is some historical data backing up the theory. https://upload.wikimedia.org/wikipedia/commons/7/7e/U.S._Phillips_Curve_2000_to_2013.png The data plot above for the Phillips Curve has an R^2 of 0.271. With a correlation that poor, why are people even discussing this? Has anyone done the statis...
by bogglizer
Sat Aug 19, 2017 11:23 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 14686

Re: Bogleheads Los Angeles meetings

I would attend future meetings if they were near a metro stop.
by bogglizer
Sat Aug 05, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Recommendations on stackable washer/dryer
Replies: 28
Views: 1821

Re: Recommendations on stackable washer/dryer

I purchased an all-in-one unit about twenty years ago. Dryer over washer. The dryer broke a few months ago, and I finally decided that I should replace the whole thing, since I don't know any affordable repair people in my area. That unit is still made. Who made that unit? Frigidaire, but you shoul...
by bogglizer
Sat Aug 05, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: belts for dress pants
Replies: 37
Views: 2421

Re: belts for dress pants

Look for genuine leather, not bonded leather. Bonded leather belts don't last long. This. The bonded leather belts disintegrate. That includes most of the less expensive choices mentioned. I have cowhide belts that have lasted almost ten years, even worn every day, so buying junk is false economy h...
by bogglizer
Sat Aug 05, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Grocery prices crazy for the last five months?
Replies: 19
Views: 2081

Grocery prices crazy for the last five months?

I was looking at our various expenses, and noticed that there was a jump in grocery spending in our household five months ago from $500/month to $900/month. We haven't changed our diets. Is this due to some change in grocery prices, or a growth spurt by our 14 year old?
by bogglizer
Fri Aug 04, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10279

Re: Do you count vehicle equity in net worth?

harvestbook wrote:Cars and houses are liabilities, not assets.

Even if you sell them, you have to buy or lease replacements. I guess they might be assets after you're dead.
Hear, hear!
by bogglizer
Thu Aug 03, 2017 10:05 pm
Forum: Personal Consumer Issues
Topic: Home Remodeling Expenses
Replies: 12
Views: 1430

Re: Home Remodeling Expenses

a) most home remodels end in divorce
b) everything will take far longer than you think; our house has been torn up for 1/5 years, and we have barely started
c) it will cost more than you think

When I was young, I did it all myself. Now I would never do it again, even with contractors and architects.
by bogglizer
Thu Aug 03, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Tax Implications in California
Replies: 4
Views: 534

Re: HSA Tax Implications in California

Does Turbotax ask about this? I can't recall ever entering HSA trades.
by bogglizer
Thu Aug 03, 2017 9:59 pm
Forum: Personal Consumer Issues
Topic: Recommendations on stackable washer/dryer
Replies: 28
Views: 1821

Re: Recommendations on stackable washer/dryer

I purchased an all-in-one unit about twenty years ago. Dryer over washer. The dryer broke a few months ago, and I finally decided that I should replace the whole thing, since I don't know any affordable repair people in my area. That unit is still made.
by bogglizer
Wed Jul 26, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: BMW Z3 or Z4 or nothing at all?
Replies: 79
Views: 5279

Re: BMW Z3 or Z4 or nothing at all?

Z3 is my wife's mid-life crisis car. Had a 2000 Z3 3.8(?) that I liked, but seemed a little over powered. Got hit by a truck and got a 2001 Z3 2.8 with the insurance check. Liked this engine size better. Still driving it.

The rear end of the Z4 looks stupid.
by bogglizer
Wed Jul 05, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: CA 529 or Vanguard 529?
Replies: 30
Views: 2381

Re: CA 529 or Vanguard 529?

As a resident of California, I moved my kid's 529 from Scholarshare to Vanguard to consolidate my finances a few years ago. And also because of a long-held personal dislike of TIAA-CREF.
by bogglizer
Wed Jul 05, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent Contribution to 529
Replies: 19
Views: 1732

Re: Grandparent Contribution to 529

Contributions in excess of the annual exclusion(s) are still not subject to any gift tax unless and until the lifetime exclusion is exceeded. I don't understand the lifetime exclusion. Does this mean that I needed to have kept track of all previous gifts from my parents, or only those in excess of ...
by bogglizer
Wed Jul 05, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent Contribution to 529
Replies: 19
Views: 1732

Re: Grandparent Contribution to 529

Steelersfan wrote:Check out if the state you or your child is living in make 529 contributions tax deductible. Some state so, some don't.
I am in California, a State of Suck in this regard.
by bogglizer
Wed Jul 05, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent Contribution to 529
Replies: 19
Views: 1732

Grandparent Contribution to 529

What is the maximum amount that my parents can contribute to my son's 529 (with me as the account owner) in one year, without causing a taxable event?
by bogglizer
Mon Jul 03, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10798

Re: Long term care insurance - is it worth it?

I recently went through this exercise, and decided not to buy LTCI because I was unable to decide if it was worth it. So, following the general principal that one should never invest in a security that one does not understand, I steered clear.
by bogglizer
Mon Jul 03, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: The conundrum I am in concerning need vs desire
Replies: 19
Views: 2373

Re: The conundrum I am in concerning need vs desire

Read up on Constant Proportion Portfolio Insurance (CPPI), a rebalancing technique. The general idea is to figure out your minimum required goals and assign a Net Present Value to them. The higher your current assets are above that number, the more risk you can take. The more risk you can take, the...
by bogglizer
Mon Jul 03, 2017 12:27 am
Forum: Investing - Help with Personal Investments
Topic: The conundrum I am in concerning need vs desire
Replies: 19
Views: 2373

Re: The conundrum I am in concerning need vs desire

Read up on Constant Proportion Portfolio Insurance (CPPI), a rebalancing technique. The general idea is to figure out your minimum required goals and assign a Net Present Value to them. The higher your current assets are above that number, the more risk you can take. The more risk you can take, the...
by bogglizer
Sun Jul 02, 2017 1:05 am
Forum: Investing - Theory, News & General
Topic: What is the “Natural Real Interest Rate”?
Replies: 28
Views: 2494

Re: What is the “Natural Real Interest Rate”?

You have a definition for a natural real interest rate, but not an existence proof. Just because it can be defined doesn't mean that it exists. There may be no such rate, because the ideal situation may not be possible under realistic conditions.
by bogglizer
Sun Jul 02, 2017 12:57 am
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 14048

Re: Bogleheads: you should be buying 10-year old cars

for the last 30 years, I've been following the headlined method of buying approximately 10 year old cars and keeping then for approximately 5 years. No complaints so far.
by bogglizer
Fri Jun 30, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6531

Re: Should I move abroad to minimize health care costs?

I have a friend who has shared his retirement plan: work until 65, move to a cheap foreign country until 75, then move back to the USA and burn up all his saved retirement money (now compounded) on health care. Is this what you are considering?
by bogglizer
Sat Jun 24, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Two potential job offers and buying time - please help!
Replies: 13
Views: 1675

Re: Two potential job offers and buying time - please help!

It seems that every time I get an offer, I have another one pending. I have always kept all parties aware that I had alternative offers. This makes me look like a hot item that should be grabbed before it is gone. Otherwise the employers may dawdle, thinking I will wait. And I won't - I have always ...
by bogglizer
Sat Jun 24, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 4405

Re: Long Term Care Insurance?

Some years ago I asked my insurance agent about LTCI. His take was that LTCI is for people who have otherwise saved enough money for their retirement, and are looking for something more to spend their cash on. He suggested buying the entire policy up front.
by bogglizer
Wed Jun 21, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 5122

Re: What do you say when you cancel an account that you only opened for bonus?

Chase had a promotion that worked out to 20% interest per year for a checking account. I signed up myself and my wife, and 90 days later closed both accounts. When they asked why, I told them that it was revenge, on account of their freezing my HELOC.
by bogglizer
Tue Jun 20, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 3279

Re: For Sale By Owner HOUSE- Advice Please

I just did FSBO in California (closed Friday). I only used an escrow company.
by bogglizer
Fri Jun 16, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2508

Re: Is it worth moving for a better public high school?

We moved from a #2000 to a #500 last year. House prices were double. Prices of other things like groceries, gasoline, &c were significantly higher, like 50%. So you better really want this, whatever it is. Putting the difference away for college might be a better idea. We didn't care about that,...
by bogglizer
Thu Jun 15, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 4035

Re: Would you take a 25% pay cut for more professional satisfaction?

I work for NASA designing missions to places like the moons of Saturn. I can't imagine a more professionally rewarding job. 25% more certainly wouldn't entice me.
by bogglizer
Tue Jun 13, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 13607

Re: Who takes financial chances and why is this forum so financially conservative?

IMHO, Bogleheads are mainly people who overvalue downside risk. "You could lose everything in a downturn, and spend the remainder of your days under a bridge eating cat food!" People who overvalue upside risk are buying lottery tickets and penny stocks as a retirement plan.
by bogglizer
Sun Jun 11, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Best Way To Code A Text Parser
Replies: 27
Views: 1826

Re: Best Way To Code A Text Parser

I've been using lex/yacc (now flex/bison) for parsing for the last 35 years. Hasn't failed me yet. They have C++ interfaces, but I use the C interfaces from C++.

But, yeah, SNOBOL works too. Remember, it's called Unix 'cause it has no 'BOLs.
by bogglizer
Sun Jun 11, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 73
Views: 7831

Re: Does anybody else out there still pay for an email address?

Add me to the list of those who use Fastmail. [...snip...] The only concern is if they one day go out of business. I have my own domain which I have not yet made my primary email address. I need to finally make the switch to my domain name so that if something happens to Fastmail, I can take my ema...
by bogglizer
Sun Jun 11, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 73
Views: 7831

Re: Does anybody else out there still pay for an email address?

Yet another Fastmail user here. Very happy with it. I no longer use a separate calendar or address book tool, just their web interface and app.
by bogglizer
Thu Jun 08, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: HSA with HSA bank (my options?)
Replies: 41
Views: 3377

Re: HSA with HSA bank (my options?)

deltaneutral83 wrote:To the best of my knowledge I see no fees that HSABank hit me with for transferring from custodian # 1 into HSABank using the transfer or rollover option.


The fees are from the old HSA to transfer out.
by bogglizer
Wed Jun 07, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: HSA with HSA bank (my options?)
Replies: 41
Views: 3377

Re: HSA with HSA bank (my options?)

The best way to transfer money from one HSA to another without fees is to write a check. If you fill out their fancy forms, you will pay a transfer fee. Actually two checks, since there will be a slug of interest at the end, minus any monthly fee. Never used a notary for anything. I transfered my HS...
by bogglizer
Sun Jun 04, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Simple & Free Floor Plan Software
Replies: 4
Views: 444

Re: Simple & Free Floor Plan Software

I use an open source program called SweetHome3D. The actual point of this program is to let you figure out how to arrange furniture in a house, but it allows you to make a floor plan and see if furniture fits what you did. Then you can look at it in 3D and do a virtual walk through. It definitely is...
by bogglizer
Sun May 28, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Idea for Fun Money Account, Good, Bad or Ugly?
Replies: 32
Views: 2155

Re: Idea for Fun Money Account, Good, Bad or Ugly?

Over the years, my fun money account has been either small caps (silver mines, in particular) or playing in options, mostly covered calls on the small caps. I've given it up for other pursuits, though.
by bogglizer
Tue May 23, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 14534

Re: i am my own "guy," but not sure I should advertise that

Is it weird that I don't know anyone with a "guy?"
by bogglizer
Fri May 19, 2017 10:42 pm
Forum: Personal Consumer Issues
Topic: What are the powers of HR in a company?
Replies: 40
Views: 3662

Re: What are the powers of HR in a company?

I feel like a middle ground can be found between HR=Friends and HR=Enemy to be avoided at all costs. In almost any situation, HR is in a position to commit catastrophic damage to your career. The risk associated with not knowing the true motives of HR make for a bad addition to your portfolio, give...
by bogglizer
Sat May 06, 2017 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Life insurance as retirement policy
Replies: 22
Views: 2220

Re: Life insurance as retirement policy

Given that this is supposedly a life insurance policy, there should be a payout amount, which you didn't list. She could, in any given year, buy term insurance for some cost, depending on her age. This term cost should be built in to the life insurance scheme, and is probably that missing money you ...