Search found 4429 matches

by bottlecap
Thu Jun 22, 2017 6:38 am
Forum: Personal Consumer Issues
Topic: Used cars in high demand
Replies: 16
Views: 1834

Re: Used cars in high demand

Am I the only one to have lucked out and chosen to buy new cars that would be in such high demand so many years later? Apparently there is a very great shortage of 2005 Hyundai Elantras and 2006 Dodge Caravans because I keep getting letters in the mail about it almost once a week. Who would have th...
by bottlecap
Wed Jun 21, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 3773

Re: Vanguard risk tolerance survey blunder.

*3!4!/5! wrote:
Thesaints wrote:It is not a question about expected returns, but about volatility.
How could you possibly know something like that?


Because the question explicitly states that it is "solely designed to gauge the investor's risk tolerance."

JT
by bottlecap
Wed Jun 21, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 90
Views: 5033

Re: is luxury car a smarter purchase?

Until $10,000 self-driving cars are available, there is not concern. That's decades off. And if they outlawed manual driving cars without phasing them out, where would we put them? America's next big business would be scrap yards. Since the update of the OP, I think the answer to the initial questio...
by bottlecap
Wed Jun 21, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Replacing bonds with actively managed real estate
Replies: 18
Views: 1081

Re: Replacing bonds with actively managed real estate

Real estate funds don't act like bonds, so they are definitely not a replacement for bonds.

Real estate probably acts more like a stock.

JT
by bottlecap
Wed Jun 21, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 3773

Re: Vanguard risk tolerance survey blunder.

My feeling is that the surveys tend to overestimate an individual's risk tolerance, thus the recommendations will inevitably lead to a more aggressive investment portfolio than the client might be comfortable with. In my own experience, I took the risk survey at my favorite mutual fund company. The...
by bottlecap
Wed Jun 21, 2017 6:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 3773

Re: Vanguard risk tolerance survey blunder.

We're talking about an 11 question survey that is not at all billed or intended as a teaching tool. The question at issue asks about the highest one year gain or loss and further contains the caveat: "*The maximum gain or loss on an investment is impossible to predict. The ranges shown in the c...
by bottlecap
Wed Jun 21, 2017 5:49 am
Forum: Investing - Theory, News & General
Topic: "Waiting for the Market to Crash is a Terrible Strategy"
Replies: 24
Views: 3436

Re: "Waiting for the Market to Crash is a Terrible Strategy"

The problem with waiting is that when it does take a decent size dip,you think it will dip more and hold off buying, and then it doesn't and you swear you will get it next time :D This should be response to every thread in which the poster mentions they are waiting to get back in. This is just huma...
by bottlecap
Tue Jun 20, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 48
Views: 2782

Re: What is your car's average cost ownership?

I've owned my vehicle for 17.5 years. I've always guessed about $2,000 per year, largely consisting of purchase price. My actual is probably a bit lower, but if I added everything up it could surprise me and be a bit more. So much depends on what kind of car you get, whether you buy it new or used, ...
by bottlecap
Tue Jun 20, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 3773

Re: Vanguard risk tolerance survey blunder.

Those numbers are nothing else than the (more or less) max return and max loss for stock, bond and "cash" investments, once diversifiable risk has been eliminated. If the OP thinks that the rational choice must be [b] then he has concluded that investing in bonds is better than investing ...
by bottlecap
Tue Jun 20, 2017 6:04 am
Forum: Investing - Help with Personal Investments
Topic: 401k Portfolio Help
Replies: 2
Views: 236

Re: 401k Portfolio Help

I have looked up those funds, but the balanced/asset allocation funds aren't to expensive.

So either than or a combo of VINX, MPSIX, PSSIX, and PIDIX.

Good luck,

JT
by bottlecap
Tue Jun 20, 2017 5:58 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 90
Views: 5033

Re: is luxury car a smarter purchase?

No. Doesn't make sense. A Honda or Toyota will hold value as well as a BMW, maybe more. And they will cost you far less in maintenance.

And getting ten+ years out of a car is easy. It has been for several decades.

JT
by bottlecap
Mon Jun 19, 2017 6:44 am
Forum: Personal Consumer Issues
Topic: Happy Fathers Day - got me a used Weber grill!
Replies: 26
Views: 2414

Re: Happy Fathers Day - got me a used Weber grill!

[quote="ralph124cf"]NO RUST. Stainless steel is not supposed to rust. Mine is left outside with no cover in northern Illinois all year./quote] Stainless can lose its non-rust characteristic if it's subjected to high heat. Sounds like you made a good find and got one that wasn't abused. I'm...
by bottlecap
Sun Jun 18, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Should I get a second vehicle?
Replies: 5
Views: 464

Re: Should I get a second vehicle?

It's purely for fun. It will only cost you money.

JT
by bottlecap
Sun Jun 18, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Happy Fathers Day - got me a used Weber grill!
Replies: 26
Views: 2414

Re: Happy Fathers Day - got me a used Weber grill!

Don't use steel wool on it though! Use a non-scratch scour pad lightly! Bar Keeper's Friend will also help. Why no steel wool? I've used 0000 successfully to remove surface imperfections on stainless firearms before. I want to find a way to remove the slight rust and bought some stainless steel cle...
by bottlecap
Sun Jun 18, 2017 6:42 am
Forum: Personal Consumer Issues
Topic: Car purchase Vs. car leasing
Replies: 11
Views: 1340

Re: Car purchase Vs. car leasing

My thought would be you are doing it the most expensive way possible. But you will get to see if you like the car well enough to buy it.

JT
by bottlecap
Sun Jun 18, 2017 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Has Vanguard gotten too big?
Replies: 30
Views: 3967

Re: Has Vanguard gotten too big?

To the OP: your story is typical of the state of customer service at vanguard, and there are far better alternatives out there. When costs get cut so much, that you cant run your customer service, then there is a C-Suite problem Except it's not the costs; it's the huge influx of new customers. OP, ...
by bottlecap
Sun Jun 18, 2017 6:28 am
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 79
Views: 4690

Re: Best Financial Advice from Dad (in honor of father's day)

My Dad was not a believer in the stock market, owing to early failed attempts at investing in individual stocks that were supposed to be safe. So he did not really provide investing advice. However, his best financial advice when I first got a job was to max out my 401k so that I would never miss th...
by bottlecap
Sun Jun 18, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 3084

Re: Example of why this forum is so good

If Mr. Ferri's quote is not a market timing call -"once in a lifetime opportunity" - then I have never seen one. If you agree with him in this example, then clearly you are buying into market timing. Which I most certainly do when valuations are favorable. If you read his actual words, he...
by bottlecap
Sat Jun 17, 2017 6:48 am
Forum: Personal Consumer Issues
Topic: Happy Fathers Day - got me a used Weber grill!
Replies: 26
Views: 2414

Re: Happy Fathers Day - got me a used Weber grill!

OP, you've done good. Happy Father's Day! The larger 310 will make you happier and that's a good price. Don't use steel wool on it though! Use a non-scratch scour pad lightly! Bar Keeper's Friend will also help. Sadly, the new 2017 line of Webers I've seen at Lowes aren't quite as sturdy as the ones...
by bottlecap
Fri Jun 16, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 3773

Re: Vanguard risk tolerance survey blunder.

I disagree with your assumption that the chances are equally likely. The question asks about risk v. reward, I don't know how you can make that assumption. Nothing in the question asked about what kind of average return you want.

You also have too much time on your hands!

JT
by bottlecap
Fri Jun 16, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: URGENT TIME SENSITIVE: Deathbed Roth
Replies: 45
Views: 4088

Re: URGENT TIME SENSITIVE: Deathbed Roth

I don't have time to re-educate myself, but I can say: 1. Cost basis for tax purposes is in all likelihood zero. 2. Roth would provide better withdrawal schedules for kids. 3. Conversion of all of it will cost tax money that is unlikely to be very beneficial. 4. The money to pay the taxes is going t...
by bottlecap
Fri Jun 16, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2093

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

With little information and not being here on the ground with you, I can't say. However, I bet it won't make that much difference. It's more of a feel-good thing. The difference between decent public schools is probably "meh". I think the big factor in the rankings is likely parents and ho...
by bottlecap
Fri Jun 16, 2017 6:10 am
Forum: Personal Consumer Issues
Topic: Increasing iPad storage capacity
Replies: 14
Views: 1101

Re: Increasing iPad storage capacity

I think getting a new one is the right thing to do. These aren't exactly cheap and you might as well be happy with it. You can probably get good resale value on the 4.

JT
by bottlecap
Fri Jun 16, 2017 6:07 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7047

Re: Anyone else gotten totally bored with investing?

Yes, I've been there for a few years now.

Congrats, you've reach the enlightenment stage.

Now, can you tell me how you think the healthcare sector will fare over the next ten years? :D

JT
by bottlecap
Fri Jun 16, 2017 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Mid-40's, single parent, "retired", $1.6M portfolio, investment advice sought.
Replies: 50
Views: 7512

Re: Mid-40's, single parent, "retired", $1.6M portfolio, investment advice sought.

I would think something like the Vanguard Retirement Income fund would be fine for most people in the situation. Whether college expenses could be paid will depend on what the market does. My one concern with removing the person from an advisor would be the low risk tolerance. You are taking on a la...
by bottlecap
Thu Jun 15, 2017 9:43 pm
Forum: Investing - Theory, News & General
Topic: Market index funds are unsustainable?
Replies: 12
Views: 2291

Re: Market index funds are unsustainable?

Here's an interesting thought experiment: If sustainable investing truly punishes the "bad" companies, then the prelevance of these funds should corelate with reduced returns in "unsustainable" market funds. I'm not aware of any studies addressing that (for you economics or busi...
by bottlecap
Thu Jun 15, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Stock Market become safer as holding periods lengthen - Maybe just a bias
Replies: 48
Views: 3381

Re: Stock Market become safer as holding periods lengthen - Maybe just a bias

KlangFool wrote:OP,

It is very simple.

How could something that could drop by 50% anytime be safe? Do not let the expert destroy your common sense.

KlangFool


Well said. Can we just cut and paste this response when this issue comes up (at least once a week)?

JT
by bottlecap
Thu Jun 15, 2017 6:26 am
Forum: Investing - Theory, News & General
Topic: Market index funds are unsustainable?
Replies: 12
Views: 2291

Re: Market index funds are unsustainable?

I don't worry about it. Not investing in a company doesn't encourage "sustainability" or change a company's behavior. It's a feel-good concept that demonstrates ignorance of how the market works. The appeal is that is requires little effort. The drawback is that it is ineffective and costl...
by bottlecap
Tue Jun 13, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: Got a parking ticket - what to do?
Replies: 44
Views: 2973

Re: Got a parking ticket - what to do?

My main question was whether I should bother to send them a letter disputing the ticket. Based on the majority of the responses here, it sounds like I needn't bother. What I found most annoying about the matter is the ticket says on it nothing about disputing the charge, but only about paying it sh...
by bottlecap
Tue Jun 13, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 2163

Re: Variable Life Insurance as an Investment Vehicle

mhalley wrote:So far no one has mentioned the fact that op is SINGLE, thus has no need for life insurance AT ALL!


"As an investment vehicle" tipped me off.
by bottlecap
Tue Jun 13, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11754

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

Well, you didn't take much of a chance, either. Quitting a job when you are young is not exactly a huge risk. Nor is scaling back your employment. But, to answer your question, Bogleheads are a relatively stable group that are about making a living, living below your means and getting average market...
by bottlecap
Tue Jun 13, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Good Digital Tire Gauge
Replies: 21
Views: 1325

Re: Good Digital Tire Gauge

Get a dial gauge, not digital and you may never have to buy a new one again. My mechanic told me to get a digital gauge, not a dial gauge - as digital gauges are more accurate. (this was after my low-pressure light was coming on even though my gauge was showing tires okay). I'm not much of a car gu...
by bottlecap
Tue Jun 13, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 2163

Re: Variable Life Insurance as an Investment Vehicle

They love to get you while you're young and have a decent income.

No, these are not good investment vehicles. Their projections are as firm as a cloud in the sky.

Plus, they are complex and undecipherable. Why invest in something like that?

JT
by bottlecap
Tue Jun 13, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: Got a parking ticket - what to do?
Replies: 44
Views: 2973

Re: Got a parking ticket - what to do?

......... you might call the appropriate authority with the ticket number to say someone moved the ticket you your car just in car the person who actually got the ticket doesn't know. JT Lets see....the OP has written that "I'm pretty sure the ticket was meant for me. The make was correct. The...
by bottlecap
Tue Jun 13, 2017 6:00 am
Forum: Personal Consumer Issues
Topic: Got a parking ticket - what to do?
Replies: 44
Views: 2973

Re: Got a parking ticket - what to do?

As others have said, this is very clearly not your ticket. There is absolutely no need to worry. There is no need to do anything. They couldn't trace it back to you if they wanted. However, you might call the appropriate authority with the ticket number to say someone moved the ticket you your car j...
by bottlecap
Sun Jun 11, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Repairs - Whose to Pay?
Replies: 32
Views: 2716

Re: Rental Property Repairs - Whose to Pay?

I'll add that if you haven't cleaned the carpets in 4 years, you'd have to have them cleaned anyway. If getting the stains out aren't extra, then you're not out anything. While I agree that most tenants are far worse and that you're lucky, not staining carpet and not breaking a microwave isn't too m...
by bottlecap
Sun Jun 11, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Repairs - Whose to Pay?
Replies: 32
Views: 2716

Re: Rental Property Repairs - Whose to Pay?

Would you have cleaned the carpet anyway? If not, I could see charging them for that if the stains are real bad or maybe half the cost if they're not that bad. You could also charge them the $125 ("broken" is not "wear and tear") or charge them 60 to 70% of the $125 since you're ...
by bottlecap
Sat Jun 10, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 64
Views: 6623

Re: Should I drink or sell my Pappy 12 year?

I paid $120 including tax for a bottle of Thomas Handy Sazerac barrel proof rye whiskey. At 126 proof it might be a little more than I want to try. Hope somebody likes it. The Thomas Handy rye is good. Someone gave me a bottle a few years back because they didn't like it. I knew nothing about it, b...
by bottlecap
Sat Jun 10, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: Naming boat
Replies: 62
Views: 2095

Re: Naming boat

Ill-Advised Purchase?
by bottlecap
Sat Jun 10, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 2716

Re: Overpaid Big Time On Warranty

New cars are getting increasingly complex. Given increased electronics and # of computers for various systems within the vehicle, an extended warranty could be $ well spent. I don't think going forward we can look at extended vehicle warranty's as we did in the past. You can no longer just consider...
by bottlecap
Sat Jun 10, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4158

Re: (Very) Early Retirement vs Parenthood

I want to say don't have kids. If money is no object and you're torn, you don't really want it. Whether to have kids or not shouldn't be that hard of a decision. You either know or you don't. I don't mean to pick on you, yours is just the most recent response of several similar ones (and I agree wi...
by bottlecap
Sat Jun 10, 2017 12:52 am
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4158

Re: (Very) Early Retirement vs Parenthood

I may just be in a mood, so take this with that in mind. I want to say don't have kids. If money is no object and you're torn, you don't really want it. Whether to have kids or not shouldn't be that hard of a decision. You either know or you don't. And you don't want to do it because of pressure. Th...
by bottlecap
Fri Jun 09, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 5770

Re: How to deal with a personal finance cynic

The cynic said nothing about being "out of touch", just that the reality of many posters are not his reality. Interesting responses that suggestion has wrought, however. The answer is that theoretically, a person with $2,000 invests the same way as a person with $2,000,000. So lopping off ...
by bottlecap
Fri Jun 09, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand how to compare stocks
Replies: 12
Views: 820

Re: Help me understand how to compare stocks

First, those are not stocks. They are funds with various stock holdings. Second, almost none of that info matters when comparing funds. Look at the percentage holdings of the funds by asset class to see if you are comparing apples to apples. If so, then compare expense ratios. Lower is better. Then ...
by bottlecap
Thu Jun 08, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 6384

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Yes. I want to go back and invest in those companies. But that is fantasy. It's dreaming. As is the millions the people in the lunch room made on these stocks. If they really did so well, why are they still in the lunchroom and not scarfing down caviar on the links? Things are not always as people w...
by bottlecap
Thu Jun 08, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 5770

Re: How to deal with a personal finance cynic

Well you're friend is both right and wrong. But it sounds as if I told your friend how he could make a $100,000, his response would be "No thanks, I'll never have that kind of money, anyway." Well, duh. There are a lot of people who post here about their large accounts and affinity for ube...
by bottlecap
Thu Jun 08, 2017 6:40 am
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 2801

Re: "Paying" a minor for otherwise uncompensated work

I don't really think it can be done in this situation. However, even if it could be done, its quite expensive and a headache. Your Dad would need to get an EIN, pay and withhold social security taxes, Medicare taxes, federal unemployment taxes, and state unemployment taxes (and pay them quarterly). ...
by bottlecap
Thu Jun 08, 2017 6:31 am
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 6652

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

Not a probelem for me. Although I look may twice a year, I almost never rebalance. Haven't needed to in a few years.

JT
by bottlecap
Mon Jun 05, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: New iPad use
Replies: 34
Views: 2780

Re: New iPad use

I don't have a mini, but I carry mine in my hand (it is in a semi-protective case with a flap that magnetically "clasps" onto the face). It doesn't strike me as overly dangerous. You could always get a tougher case if you are rougher on things (although I'm not exactly easy on tablets). I...
by bottlecap
Mon Jun 05, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: New iPad use
Replies: 34
Views: 2780

Re: New iPad use

Get a router and don't put the iPad in your pocket. You must have very large pockets. It's 5.3" wide. It fits snugly in the pocket. As I said, would not sit with it in there. Otherwise, what would you suggest? Carrying it around in my hand would it seems to me be more dangerous, dropping or le...

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