Search found 4597 matches

by bottlecap
Mon Aug 21, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 3759

Re: Boston Globe: Smart Investors May be Killing Capitalism

The fault with all of these articles (that bash index funds) is that they fail to recognize that you need only a very small proportion of investors to be active in order to have reasonable price discovery. In other words, there is no problem unless almost everyone in an indexer, which will never ha...
by bottlecap
Sun Aug 20, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 45
Views: 2415

Re: Safe car for wife and baby

My babies drive in a 6,500 lbs SUV.

They might get a minivan next. Wouldn't go smaller than that. Safety ratings matter, but size is common sense.

JT
by bottlecap
Sun Aug 20, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Frozen steaks ordered through the mail
Replies: 29
Views: 2774

Re: Frozen steaks ordered through the mail

barnaclebob wrote:
Sun Aug 20, 2017 10:08 am
Lol at the review for the wagyu steaks being too fatty.
Yeah, that's funny. But other review says they made it Chateau Briand-style, which is funny, too. Sad funny, but funny.

JT
by bottlecap
Sat Aug 19, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Frozen steaks ordered through the mail
Replies: 29
Views: 2774

Re: Frozen steaks ordered through the mail

Ordering steaks is not a good idea. Either you get not so great steaks or not so great prices. There doesn't seem to be an in between. I would try them locally, beginning with your grocery store. Look for USDA Choice (at least) and research online to get a good eye for discerning the difference betw...
by bottlecap
Sat Aug 19, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 137
Views: 8968

Re: Anyone planning on never retiring?

I think a plan to never retire is less realistic than a plan to retire early.

Sure, some people who have their own businesses can work as long as they can produce, but if you work for someone else, it is more likely that they will retire you at some point.

JT
by bottlecap
Sat Aug 19, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 55
Views: 6998

Re: Little P**S Ants

My wife decided to sprinkle cinnamon on the outside where the ants come in. It works, but you may have to reapply every 3 weeks or so.

She sprinkled a little on the inside, but also strategically places cinnamon sticks.

JT
by bottlecap
Sat Aug 19, 2017 7:54 am
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 6645

Re: DUI lawyer - need advice

My dc is up on dui/oui charges for a first offense. A tree was hit with no injury to anyone. Is it worth it to spend more money on a more expensive lawyer or is this standard fees and terms from a judge? An attorney for this will not be cheap. I would save the money. Facing the music from a judge c...
by bottlecap
Thu Aug 17, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 159
Views: 8604

Re: Is it worth it? [demanding jobs vs time with family]

Interesting discussion. Continues to remind me how much everyone is different and how insecure we all are about our choices, even when we defend them vehemently. There's just no one right answer for everyone on this. I do think it's worth considering: 1. The more time your kids spend with you, the b...
by bottlecap
Thu Aug 17, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 3515

Re: Other people's perception of your finances

My family is not perfect. Some of us only get along on the surface. But everyone offers to pay. I never thought anything of it. However, I have a good friend who has your problem with his family. Actually even worse. They sometimes try what amounts to a swindle with him, but he's too smart. It hurts...
by bottlecap
Thu Aug 17, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 4940

Re: Geico insurance rate increase: 26.24% APY?

Had to laugh at the "APY" calculation. I guess any increase in a 6 month policy doubles the yearly increase percentage!
by bottlecap
Thu Aug 17, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 159
Views: 8604

Re: Is it worth it?

It's impossible for anyone to answer this for you. For me, it would be worth it just to get off work early enough to have dinner as a family every day. When your kids are grown, they won't have a lot of time for you, so now is the time to be there with them. Obviously, you have to make a living and ...
by bottlecap
Wed Aug 16, 2017 8:28 pm
Forum: Personal Consumer Issues
Topic: Anyone have a personal chef?
Replies: 48
Views: 4182

Re: Anyone have a personal chef?

It also helps if you shop for a week instead of a day. That's about an hour right there.

Not only do I not have a personal chef, no one I know has one. And I know some very wealthy people.

JT
by bottlecap
Wed Aug 16, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Going passive is an active decision
Replies: 32
Views: 2370

Re: Going passive is an active decision

So what? Double yawn. Any decision is "active".

All my decisions are active. My investing is passive because I actively research and found it works.

JT
by bottlecap
Wed Aug 16, 2017 6:35 am
Forum: Investing - Help with Personal Investments
Topic: SINGLE FUND for retirement
Replies: 11
Views: 2192

Re: SINGLE FUND for retirement

A Vanguard Target Retirement fund is good for retirement.

You'll never have to rebalance and you can thank me later.

JT
by bottlecap
Tue Aug 15, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6512

Re: Is $9000 too much for a sectional sofa ?

JBTX wrote:
Tue Aug 15, 2017 3:34 pm
Bottom line if I veto this #### thing then figuring out the alternative is on me.
Haha! $9,000? Sold!

If you sit on it an like it and the wife likes it, go for it. Sometimes money makes things in life easier. This sounds like one of those times.

JT
by bottlecap
Tue Aug 15, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 3617

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

I'm not sure you can predict the market....so why do this? Let your tenants pay your mortgage...that's the best solution. Real losses hurt more than opportunity losses. Tenants pay rent, but it is still the OP who pays the mortgage. If the OP wants the freedom of being debt free, I think now, when ...
by bottlecap
Tue Aug 15, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6512

Re: Is $9000 too much for a sectional sofa ?

Whether it's too much depends on your options. But $9,000 seems very pricey. A couple of things to note: 1. Are sectionals considered high fashion these days? We had a designer come in from the local upscale furniture place to help with rugs and paint color schemes and when we mentioned a sectional,...
by bottlecap
Tue Aug 15, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6279

Re: please help...am I overextended - first home

Seems tight to me, but depends on your other expenses.

You will be living on about $20k per year, and have more expenses with a home.

Can you do that?

JT
by bottlecap
Tue Aug 15, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 6869

Re: Retired Boglehead obsession with money- devil's advocate

Solution: The annuity.

Problem: Solved.

JT
by bottlecap
Sun Aug 13, 2017 9:24 am
Forum: Forum Issues and Administration
Topic: OP - please delete all posts by TomatoTomahto
Replies: 11
Views: 1541

Re: OP - please delete all posts by TomatoTomahto

Please keep in mind that the appropriate action to take is make this request to the moderators.

Nothing good comes of a "noisy withdrawal" and the moderators likely would have explained the situation so that you could make an informed decision.

Hopefully this helps someone in the future.

JT
by bottlecap
Sat Aug 12, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: Upgrade car suspension or wait few more years
Replies: 17
Views: 1282

Re: Upgrade car suspension or wait few more years

Just get them done. Problem solved!
by bottlecap
Thu Aug 10, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

You kidding yourself. A large part of your success is simply due to when you started investing, as per my previous post. You've done a good job, but you've only known "plenty.". I did the same thing and lost near half my wealth in 2000 and again in 2008. Have you had that experience once? I won't p...
by bottlecap
Thu Aug 10, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

I am more interested in how OP accumulated 1M net worth with 160K income (I assume much less when started working) in a little over 10 years. And I believe even with the expensive car purchase, he will be able to retire early and have a nice life. Worked throughout college and was lucky to learn ab...
by bottlecap
Thu Aug 10, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

I can't help you with this subjectively. I don't buy cars "every few years." I recently drove a $100,000+ vehicle and was more excited to jump back into my $1,200, 17 year old vehicle (but not a "beater", thank you). Although the HUD showing the vehicle speed was cool, everything else was "meh." Plu...
by bottlecap
Thu Aug 10, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5659

Re: Struggling with Justifying an Expensive Car Purchase

Buy the car you want. You are doing better than 99% of 54 year olds in this, the richest country on earth. And you're 20 years their junior. Will it set you back a few years? Sure, but you'll survive. You're having trouble because you know the $70k is a semi-foolish luxury want, not a need. There ar...
by bottlecap
Thu Aug 10, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: Long term car rental vs buying a used car vs leasing
Replies: 22
Views: 1326

Re: Long term car rental vs buying a used car vs leasing

Let's say this project last no more than four months. That's $4000. If you buy a reasonably priced used car that's not too old, you will pay maybe: $500 depreciation $1,000 in taxes, registration and maintain (probably way too high) Maybe $850 in sales taxes (based on $14k sales price whe you sell) ...
by bottlecap
Thu Aug 10, 2017 6:12 am
Forum: Personal Consumer Issues
Topic: Long term car rental vs buying a used car vs leasing
Replies: 22
Views: 1326

Re: Long term car rental vs buying a used car vs leasing

Buying a used car is clearly the best way to go.

Not sure how it's even a question.

JT
by bottlecap
Thu Aug 10, 2017 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Opinions Needed - Are We Good?
Replies: 32
Views: 2618

Re: Opinions Needed - Are We Good?

Seems like you are good.

JT
by bottlecap
Wed Aug 09, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Leather couch, dog scratches -- help?
Replies: 20
Views: 1667

Re: Leather couch, dog scratches -- help?

Today, I have 35 year old friends that do things on furniture that my 6 year old would never dream of doing (at least after the proper training). I scold them. Friends teenagers sitting on the arms of couches? Scolded. I had to scold my 60 year old father in law for attempting to stand on our coach...
by bottlecap
Wed Aug 09, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Toyota Camry Repair Priorities
Replies: 71
Views: 3966

Re: Toyota Camry Repair Priorities

First, get a second opinion.

Then, if needed, I'd start with the control arms and then the fluids.

If you get a new car, just lease. By not doing maintenance, you are throwing your money away anyway. You might as well drive a new car every three years.

JT
by bottlecap
Wed Aug 09, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: How do you manage cash back rewards?
Replies: 26
Views: 2445

Re: How do you manage cash back rewards?

Cash is fungible and interest rates are nil, so unless you carry a balance, there is no difference that you do with it.

However, we just apply it to that months charges.

JT
by bottlecap
Wed Aug 09, 2017 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Tempted by Active
Replies: 9
Views: 964

Re: Tempted by Active

Why not just overweight your portfolio in the healthcare sector?

You don't say why you like this fund, so I presume it's just past performance. Probably a bad reason to invest.

I also wouldn't trust a fund whose returns are made up of "loyalty bonuses", but maybe that's common in the U.K.

JT
by bottlecap
Wed Aug 09, 2017 6:29 am
Forum: Personal Consumer Issues
Topic: 2017’s Best & Worst States for Health Care
Replies: 15
Views: 2073

Re: 2017’s Best & Worst States for Health Care

I am also surprised that some of the popular southern retirement destinations (FL, SC, TN, NC) are ranked closer to the bottom of the list. Take a gander at the methodology and you'll get an idea why. The creators devised the metric, so that skews the outcome. Also look at the individual contributo...
by bottlecap
Tue Aug 08, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Are Index Funds Evil?
Replies: 30
Views: 3578

Re: Are Index Funds Evil?

Of course this wouldn't apply solely to index funds. I'm a bit suspicious that the empirical evidence is based on the airline industry, which is a highly regulated industry with huge barriers to entry. To say that ticket prices are 12% higher than they should be and say you can narrow that down to t...
by bottlecap
Tue Aug 08, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Certified Financial Planner experience for biz cash
Replies: 8
Views: 650

Re: Certified Financial Planner experience for biz cash

It's nonsense.

If we could all participate in market upside and limit downside like the CFP was talking about, each one of us would do it.

It's just a way to get more fees from you and capture the part of the gains you don't get.

JT
by bottlecap
Tue Aug 08, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 2865

Re: Should I Buy a New Car?

Ahhh.

This question is often asked.

The answer is always no.

Routine maintenance on a car in otherwise good shape is always far cheaper than a new car.

But money isn't everything, I guess.

Good luck,

JT
by bottlecap
Tue Aug 08, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Leather couch, dog scratches -- help?
Replies: 20
Views: 1667

Re: Leather couch, dog scratches -- help?

I had a small scratch on a leather recliner that I was able to bluff out with olive oil. I think I might have also applied heat. Check the internet - there are a lot of solutions of varying complexity. If you want your furniture to last you have to treat it well. That means: You treat it well. You t...
by bottlecap
Tue Aug 08, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 8715

Re: When does renting make sense

Financially, I'm unaware of any rule of thumb. I think it mostly has to do with whether you are likely to move and/or have a change in your situation that necessitates a move. Renting can be cheaper if you look hard and find a good situation. People will sometimes rent out cheap(er) because it's sho...
by bottlecap
Tue Aug 08, 2017 7:18 am
Forum: Investing - Theory, News & General
Topic: Recovery of the U.S. Housing Market?
Replies: 15
Views: 1969

Re: Recovery of the U.S. Housing Market?

Highly skilled, well educated, wealthy people, those who are mobile and can choose where they will live without large cost constraints, tend to congregate along the coasts, particularly the west coast and in large sophisticated urban areas. Being smart, skilled, and creative they create the robust ...
by bottlecap
Tue Aug 08, 2017 6:48 am
Forum: Personal Consumer Issues
Topic: Car Depreciation As Reason to Get A New Car
Replies: 34
Views: 3363

Re: Car Depreciation As Reason to Get A New Car

Depreciation doesn't matter, but I seriously doubt a barely driven car has depreciated 40% in 2 years.

JT
by bottlecap
Sun Aug 06, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Do I need my term life insurance anymore?
Replies: 6
Views: 996

Re: Do I need my term life insurance anymore?

Your premium seems very high.

How much does your wife need (yearly) to live if you die? That's critical information.

I don't think you have enough on her life.

JT
by bottlecap
Fri Aug 04, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: VGSTX: Is Vanguard STAR Still A Star?
Replies: 22
Views: 3138

Re: Past Performance?

Bogleheads: What experts say about using Past Performance: American Association of Individual Investors: "Top Performance lists are dangerous." Frank Armstrong, financial author: "Rating services such as Morningstar's 'Star Awards' or the 'Forbes Honor Roll' attest to the futility of applying past ...
by bottlecap
Fri Aug 04, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing
Replies: 3
Views: 230

Re: New to investing

Your post is so broad, I'm not sure you're going to get a whole lotta responses. You're only specific goal is to buy a home in 2 years. Anything less than about an eight year timeframe should stay out of the stock market. And a two-year timeframe is quite frankly just money market and cd territory. ...
by bottlecap
Fri Aug 04, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5624

Re: Anyone else have trouble spending?

My experience with those brands has been overall excellent. Other than the BMW you're trying to get rid of! My experience is that Ford is the most reliable brand and that I will only need two in my lifetime, despite driving about 18,000 miles per year. But the statistics don't bear my experience ou...
by bottlecap
Fri Aug 04, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2134

Re: Can my wife afford to stay home?

Is your overtime guaranteed? You can also investigate part time for your wife. Your post is a little cryptic. What does "We live on $50k ($30k net)" mean? You can't live off of anything but net. I will assume you spend $30k. Lets add $5k for the baby (I'm guessing; never did the math). That's $35k e...
by bottlecap
Fri Aug 04, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Paul Singer Says Passive Investing Is ‘Devouring Capitalism’
Replies: 24
Views: 2674

Re: Paul Singer Says Passive Investing Is ‘Devouring Capitalism’

I'm a big defender of the consensual price system, often referred to as "capitalism" by its opponents. Index funds are the least of the threats to this system. I will let everyone know when I get worried about index funds as a threat. Then the rest of y'all can start worrying in earnest. :wink: JT
by bottlecap
Fri Aug 04, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5624

Re: Anyone else have trouble spending?

This is more of an emotional rant, but I'm curious if other people have as much trouble spending and why that is. Current example. I drive a 2012 CPO BMW 528i XDrivr. Bought in 2014 with 18k mikes. It recently had a significant issue, covered under warranty, but is at 95k miles and about to run out...
by bottlecap
Thu Aug 03, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: To buy or not to buy... [a new car]
Replies: 43
Views: 3887

Re: To buy or not to buy...

You are considering trading a perfectly fine vehicle you love for a perfectly fine vehicle you don't really know anything about. And buying on tick to do it. Why? Because it's a good deal? You know who's getting a really good deal? The dude who buys your perfectly fine Pilot! :wink: JT As mentioned...
by bottlecap
Thu Aug 03, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: MIL wants to move in with us
Replies: 45
Views: 3296

Re: MIL wants to move in with us

bottlecap - I'm not sure what you are objecting to in my post. Let's stick to OP situation and not fight amongst ourselves. Not meaning to fight. I just mean that there is more to happiness in a marriage for a man than to have someone cook for him and clean house. Just as there is more to happiness...