Search found 3670 matches

by bottlecap
Tue May 24, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: Why do we believe in the market?
Replies: 59
Views: 5134

Re: Why do we believe in the market?

In this thread I've read that businesses have to grow. Why ? Example: Suppose I have a small business that provides $50,000 income per year (adjusted for inflation). I'm happy with that, and will only invest enough into the business to produce $50,000/year for 40 years. At the end, I sell the busin...
by bottlecap
Tue May 24, 2016 5:49 am
Forum: Investing - Theory, News & General
Topic: Why do we believe in the market?
Replies: 59
Views: 5134

Re: Why do we believe in the market?

In the end, aren't we all just gambling since we don't know for certain what the market will be like? Gambling is, at best, random. The market is not gambling in that sense. There are good theoretical reasons to think it will produce a positive return over time. Of course it's not guaranteed. If it...
by bottlecap
Tue May 24, 2016 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house?
Replies: 43
Views: 2185

Re: Should I buy a house?

At 24, I wouldn't. It's expensive, time consuming, and will tie you down. The rent you feel you are "throwing away" provides a roof over your head, gives you flexibility, and puts a ceiling on your housing costs. It makes your life less complicated. If the market goes up, you'll still be a...
by bottlecap
Fri May 20, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads: Investment Advice
Replies: 3
Views: 293

Re: New to Bogleheads: Investment Advice

Welcome! Here's my quick run-down: 1) I like your well-thought out AA, BUT: that it's too complicated, especially since you don't have a lot right now (you have a lot for your age, but not a lot to put into that AA spread over 4 or 5 accounts). Stick with a target date fund or just 2 or 3 funds to a...
by bottlecap
Fri May 20, 2016 4:26 pm
Forum: Personal Consumer Issues
Topic: Food waste because of date labeling
Replies: 26
Views: 1579

Re: Food waste because of date labeling

It's not throwing away food. It is throwing away money. It's just been converted to food. This is rarely a personal problem for me because we almost always eat it up before expiry. That's because we value money and try to plan things out in such a way that saves money. In a general sense, I can't ge...
by bottlecap
Fri May 20, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2531

Re: IRS wants taxes for a backdoor Roth

It's hard to say if you don't do your own tax returns, but it sounds like something was reported incorrectly by your preparer.

Either that or you just made history. At least with the Bogleheads!

JT
by bottlecap
Fri May 20, 2016 9:20 am
Forum: Investing - Theory, News & General
Topic: "We don't have enough companies like Tesla"
Replies: 24
Views: 3139

Re: "We don't have enough companies like Tesla"

A statement like "With nothing better to do with the money, a lot of investors have simply used their dividends to buy more stock in existing public companies" is nonsensical. This could just as easily mean that investors think that existing public companies offer the best rate of expected...
by bottlecap
Fri May 20, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: Making an Outdoor Grill Last
Replies: 39
Views: 3036

Re: Making an Outdoor Grill Last

It was actually a Kenmore and I think it cost around $900 at the time. I would have thought for that price and a well known name it would have been considered a "good grill" but after my results, I'm not going to get another. It does seem Kenmore has this problem. The Kenmore "Elite&...
by bottlecap
Thu May 19, 2016 10:17 pm
Forum: Personal Consumer Issues
Topic: Making an Outdoor Grill Last
Replies: 39
Views: 3036

Re: Making an Outdoor Grill Last

For a true experiment I agree on the methodology and in my original post I said that I bought a grill that won't rust, i.e. stainless steel. The bottom still rusted out within four years. This time buy a good grill that really won't rust? :wink: The cook box should not rust out in four years on a g...
by bottlecap
Thu May 19, 2016 12:56 pm
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 255
Views: 30286

Re: What do you drive, and why?

2000 Ford Explorer w 295,000 mi. Because: Reliable; never have to worry about being stranded Still fits my needs Still looks good, albeit dated... I've owe nothing on it It owes me nothing No one else wants to drive it No one else wants to steal it JT Edit: I have also always wanted an antique car a...
by bottlecap
Thu May 19, 2016 11:06 am
Forum: Personal Consumer Issues
Topic: Making an Outdoor Grill Last
Replies: 39
Views: 3036

Re: Making an Outdoor Grill Last

There is just not an answer to the question about the cover, really. You would have to buy two of the same grills, use them the same amount and cover one and leave the other uncovered for 3 years to find out. Even consumer reports doesn't do that. The answer is buy a grill that won't rust and either...
by bottlecap
Thu May 19, 2016 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3264

Re: Is my Financial Advisor worth his salt?

Not contributing to your IRA because you already max out your 401k is nonsense in a vacuum. You may not want to contribute to your IRA is maxing out your 401k is enough for your goals, but even then, contributing to a Roth IRA makes sense because you can later with draw principal should you need it....
by bottlecap
Thu May 19, 2016 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 359

Re: Pride in no inheritance to kids?

I imagine it is different reasons for everyone; some rational, some selfish. I'd love to leave my kids some money, but if it doesn't work out that way, I don't imagine I'll regret it.

But I don't know why people get hung up on it or are prideful of it. I'd focus on other things to be proud of.

JT
by bottlecap
Thu May 19, 2016 6:49 am
Forum: Investing - Help with Personal Investments
Topic: My Own Investment Post (Following Bogle Template)
Replies: 10
Views: 884

Re: My Own Investment Post (Following Bogle Template)

Hold tax efficient funds in taxable. Bond funds, for example, typically go in retirement accounts, because you will be taxed yearly on their distributions. However, your asset allocation is the most important, so sometimes efficiency takes a backseat. You have to figure out how much you need for ret...
by bottlecap
Thu May 19, 2016 6:36 am
Forum: Personal Consumer Issues
Topic: Making an Outdoor Grill Last
Replies: 39
Views: 3036

Re: Making an Outdoor Grill Last

Another Weber (NG) convert here. It cooks far better and has lasted longer (with out incident for 5 years) than any "cheapo" grill I have ever owned. At year 12 or so I may repaint so I can get 20 years out of it.

Covering can be counter productive depending upon where you live.

JT
by bottlecap
Wed May 11, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5776

Re: Can someone explain to me how Term life is a better choice than WLI.

Whole life is an insurance policy obscured by and investment component to hide the fact that you are paying more for the one product than you could purchase or invest in separately. It's like a dealer giving you a "great deal" on a trade in, but nailing you on the price of the new car. It ...
by bottlecap
Tue May 10, 2016 11:16 pm
Forum: Personal Consumer Issues
Topic: Keep Twins in Same Class for Kindergarten?
Replies: 41
Views: 4165

Re: Keep Twins in Same Class for Kindergarten?

If I had twins, I'd be more inclined to separate them if I thought they had dependence issues and actually were "sad" or affected without being in each other's presence. They will have to be independent some day anyway, otherwise their "outside" relationships will suffer. And the...
by bottlecap
Mon May 09, 2016 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for a summer babysitting gig
Replies: 14
Views: 1278

Re: Taxes for a summer babysitting gig

Topic 756 - Employment Taxes for Household Employees Do not withhold or pay social security and Medicare taxes from wages you pay to : 1. Your spouse, 2. Your child who is under age 21, 3. Your parent, unless an exception is met, or 4. An employee who is under age 18 at any time during the year , u...
by bottlecap
Thu May 05, 2016 8:41 pm
Forum: Personal Consumer Issues
Topic: discovered delivered furniture damaged
Replies: 7
Views: 851

Re: discovered delivered furniture damaged

They should repair it at minimum. I can't see or envision yours by your description, but you'd be surprised at what they can repair.
by bottlecap
Wed May 04, 2016 4:02 pm
Forum: Personal Consumer Issues
Topic: Not at fault Car accident, should I file for Arbitration?
Replies: 26
Views: 1973

Re: Not at fault Car accident, should I file for Arbitration?

If I were not at fault I would not agree to accepting 25% responsibility, period. It will cost the insurance company far more than the $250 they want me to pay to go to arbitration, even if we split the costs. However, your statement that you were in the right hand turn lane and decided midway throu...
by bottlecap
Wed May 04, 2016 3:53 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 664
Views: 104346

Re: Boglehead Beer

LadyGeek wrote:Then try the Dogfish 120 minute IPA - if you can find it. I had it a few years ago and still remember it.


I got to try it 2 weeks ago! I didn't know it even existed until then. Great stuff!

JT
by bottlecap
Sun May 01, 2016 8:50 pm
Forum: Personal Consumer Issues
Topic: Buying a New Car...Is it Unwise?
Replies: 68
Views: 6043

Re: Buying a New Car...Is it Unwise?

Buying a new car to replace a perfectly good one that needs a cd player and tires is financially unwise. But many of us do it because we want to. Some of the smarter ones do it when they can afford to make a decision based on desire and not finance. I you want a new car or need one because of the ba...
by bottlecap
Sat Apr 30, 2016 8:57 am
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 115
Views: 7125

Re: So, are Bogleheads Bourbon or Scotch drinkers?

I like both, but tend to prefer Bourbon of late. I like a good Rye as well. Elijah Craig is a good relatively inexpensive recommendation for bourbon. I also like Noah's Mill, for a bit more. There are really too many good ones to mention. I'm usually putting a small bit of ice in to chill and open i...
by bottlecap
Sun Apr 24, 2016 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with the "waiting game"
Replies: 32
Views: 4573

Re: Dealing with the "waiting game"

Money shouldn't be your purpose in life. It's just a part of being responsible to plan for being financially independent when you may be unable to work. If you get your financial plan set and are depressed because you can't press the fast forward button so that you're instantly old but have no need ...
by bottlecap
Tue Apr 19, 2016 4:07 pm
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 7624

Re: Law School Advice

Never mind. I missed the whole deception about who you are and the fact that you have not zero, but 2 clerkships.
by bottlecap
Sun Apr 17, 2016 8:06 pm
Forum: Personal Consumer Issues
Topic: Better than amazon??
Replies: 65
Views: 8924

Re: Better than amazon??

looked at Jet once. Not great prices. Amazon prices are not so great anymore, but Jet is not better.
by bottlecap
Sat Apr 16, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: Soapbox (car safety features)
Replies: 220
Views: 21481

Re: Soapbox (car safety features)

We drive old cars, so we have none of this stuff. Some how we've been able to be careful enough and lucky enough to avoid accidents. I'm generally against fascism and dictatorships of all types, so I definitely disagree with those who are excited about mandatory "safety" features of limite...
by bottlecap
Tue Apr 12, 2016 8:48 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - Can I afford this home?
Replies: 38
Views: 3543

Re: First time home buyer - Can I afford this home?

You don't currently make enough to buy this house. Why don't you see what she earns upon graduation? It's never a good idea to stretch and rush into something. There are other alternatives.

Don't be house poor. I've been based on circumstances beyond my control. It stinks.

JT
by bottlecap
Mon Apr 11, 2016 11:00 am
Forum: Personal Consumer Issues
Topic: Looking to buy a decent Windows laptop ...
Replies: 17
Views: 1851

Re: Looking to buy a decent Windows laptop ...

I had the same problem with my Lenovo, which I was otherwise happy with. No more Lenovo for me.

I got an ASUS a few months ago. I like it. Seems like it will hold up, but I guess you never know.

JT
by bottlecap
Fri Apr 08, 2016 1:57 pm
Forum: Personal Consumer Issues
Topic: led vs cfl
Replies: 102
Views: 6619

Re: led vs cfl

arsenalfan wrote:I went to Costco and ordered a bunch of trial LED bulbs.


I recently got some at Costco. They seem to work well and I hope they last.

JT
by bottlecap
Wed Apr 06, 2016 6:27 am
Forum: Personal Consumer Issues
Topic: led vs cfl
Replies: 102
Views: 6619

Re: led vs cfl

Also that CFLs were 10,000-12,000 hours? However that varies a lot: frequent on/off sharply reduces that? This is the part that was the lame excuse. It's like the government requiring they have 10,000 hour lifespan on Mars. I don't live on Mars, so it's meaningless. I turn off my lights when not ne...
by bottlecap
Wed Apr 06, 2016 6:07 am
Forum: Personal Consumer Issues
Topic: led vs cfl
Replies: 102
Views: 6619

Re: led vs cfl

CFLs overall cost-effectiveness was premised on them replacing 22 incandescents and I've never seen one that would replace 4. You're making things up. Well then so are organizations that defend CFLs. That's one of the figures they use. It looks like your're just considering cost of operation, which...
by bottlecap
Tue Apr 05, 2016 10:17 pm
Forum: Personal Consumer Issues
Topic: led vs cfl
Replies: 102
Views: 6619

Re: led vs cfl

CFLs were a huge waste of money on a global scale based on a lie. I'm glad the LEDs are here, but the CFLs were unnecessary. Even if you assume that the reason that the CFLs burnt out prematurely was the "low-cycle" application excuse (it's not - many of mine burnt out within 6 months. Th...
by bottlecap
Tue Apr 05, 2016 8:12 am
Forum: Personal Consumer Issues
Topic: Appliance Repairs: Is it worth it?
Replies: 44
Views: 4505

Re: Appliance Repairs: Is it worth it?

I've never paid to have anything fixed other than a vehicle. Either I figure out how to fix it myself via Google or we get a new one.

I might pay up to 25% of the value of an appliance to fix it, but that situation has never arisen.

JT
by bottlecap
Mon Apr 04, 2016 9:51 pm
Forum: Personal Consumer Issues
Topic: led vs cfl
Replies: 102
Views: 6619

Re: led vs cfl

The fine print on early CFLs said they were best for 'low-cycle' applications - i.e. where the lights are not turned on and off often. Everyone (including me) has probably been using them in non-recommended applications. CFLs were a huge waste of money on a global scale based on a lie. I'm glad the...
by bottlecap
Tue Mar 29, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper to trade-in for new truck !?! Is there a free lunch here?
Replies: 23
Views: 2121

Re: Cheaper to trade-in for new truck !?! Is there a free lunch here?

Is this really a dilemma? Your friend is paying to lower his interest rate. You can do that anytime you want to refinance and pay the bank money. It's not a free lunch. Basically, the dealer is low-balling your friend on the trade in or high-balling him on the 2016 price. The dealer i s making money...
by bottlecap
Sun Mar 27, 2016 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Error in the Investment Planning discussion
Replies: 8
Views: 905

Re: Error in the Investment Planning discussion

Your concern really only scratches they surface, really. What is a "U.S. company"? How much do these "U.S. companies" contribute to foreign GDP? Why would GDP be an accurate measure of a country's stock market. Luckily, no beginning investor is going to get tripped up by any of t...
by bottlecap
Thu Mar 24, 2016 7:24 am
Forum: Personal Consumer Issues
Topic: How to get rid of poison ivy
Replies: 58
Views: 3264

Re: How to get rid of poison ivy

Hire it out. Let someone else get rid of it.

I used to be very allergic to it. I would not do the job myself if I still were.

JT
by bottlecap
Thu Mar 17, 2016 6:35 am
Forum: Personal Finance (Not Investing)
Topic: So, about health insurance...
Replies: 18
Views: 2080

Re: So, about health insurance...

You don't need dental or vision, so no issue there.

JT
by bottlecap
Sat Mar 12, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Landlord wont return deposit
Replies: 76
Views: 6125

Re: Landlord wont return deposit

Unless local law precludes the lease term, you owe it.

JT
by bottlecap
Fri Mar 11, 2016 8:08 am
Forum: Personal Consumer Issues
Topic: Leather furniture?
Replies: 20
Views: 2579

Re: Leather furniture?

We have no problems at all with the leather - no wearing, discoloration or problems of any sort. But we don't have cats, either.

JT
by bottlecap
Tue Mar 08, 2016 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for person with false "Alcoholic" diagnosis
Replies: 100
Views: 8305

Re: Life Insurance for person with false "Alcoholic" diagnosis

You had me at alcohol... Unfortunately, your friend did screw up - by going to the doctor and telling the truth. Undoubtedly he was concerned because he's not familiar with the hangover. So the newbie gets screwed and the regular drinker gets a pass. Fair? I dunno. I'm not sure how to fix it. Going ...
by bottlecap
Tue Mar 08, 2016 11:21 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 154
Views: 19984

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

Apparently, Kitces isn't the only one who enjoys dancing on the head of a pin. But at least he gets paid for it! If Kitces continues to scream from the mountain tops that this technique, which is likely used by only a tiny fraction of taxpayers who would even be eligible to do it, is a travesty of j...
by bottlecap
Mon Mar 07, 2016 9:04 pm
Forum: Personal Consumer Issues
Topic: Meineke ok for oil changes?
Replies: 36
Views: 3184

Re: Meineke ok for oil changes?

I'd steer clear. Too many bad stories about Jiffy Lube type places. I'm not sold on spending an hour doing it myself, but I suppose it's a pain to bring your car in, too.

JT
by bottlecap
Mon Mar 07, 2016 8:54 pm
Forum: Personal Consumer Issues
Topic: Carpet installers who we believe stole my husband's billfold
Replies: 9
Views: 1380

Re: Carpet installers who we believe stole my husband's billfold

Was their any money in the billfold? Not much the furniture store can do about the social security card - a year of free credit monitoring? The installers were probably subcontractors, so they likely can't fire an individual even if you could prove which person did it. Anyway, I'm sorry for the trou...
by bottlecap
Thu Mar 03, 2016 3:02 pm
Forum: Personal Consumer Issues
Topic: Mac laptop vs. Windows 7 (or 10) laptop
Replies: 63
Views: 4528

Re: Mac laptop vs. Windows 7 (or 10) laptop

Macs aren't any more reliable, unfortunately. They aren't really any more user friendly, either.

We have both, but I continue to buy PC laptops. There is little difference for the average person and the PC is 1/4 the price.

JT
by bottlecap
Mon Feb 29, 2016 10:52 am
Forum: Personal Consumer Issues
Topic: Watching Oscars with kids
Replies: 34
Views: 2917

Re: Watching Oscars with kids

I hope that by the time that they're that old, my daughters will either have learned that 1) the Oscars and everything associated with it is worthless or 2) that their parents would never in a million years allow the Oscars to be on the family TV. If nothing else was available, we'd rather save the ...
by bottlecap
Sun Feb 28, 2016 9:16 pm
Forum: Personal Consumer Issues
Topic: What to know when buying furniture?
Replies: 28
Views: 2759

Re: What to know when buying furniture?

Costco delivers. And if you don't like it, they will take it back. Might be worth a trip depending on where the nearest Costco is. If it' too far, you could also get a membership and order it online. JT Good to know. I looked up their store locator and one is located about 37 miles from me. That wo...
by bottlecap
Sun Feb 28, 2016 5:56 pm
Forum: Personal Consumer Issues
Topic: What to know when buying furniture?
Replies: 28
Views: 2759

Re: What to know when buying furniture?

Costco delivers. And if you don't like it, they will take it back. Might be worth a trip depending on where the nearest Costco is. If it' too far, you could also get a membership and order it online.

JT

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