Search found 149 matches

by cjcerny
Wed Apr 26, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5207

Re: One Fund? Really?

If you will be forced to withdraw from this fund on a yearly basis at some point (RMD), I do not like the 1 fund idea. I think it would be better to have two funds with a low correlation so that you will always have a fund that is doing well that year to withdraw that RMD from. Why would this matte...
by cjcerny
Wed Apr 26, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 4478

Re: $300+ to remove a racoon. Really?

Havahart trap with a dollup of peanut butter on the trigger almost always works. Just have to find a nice place to turn that critter loose.
by cjcerny
Tue Apr 25, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5207

Re: One Fund? Really?

If you will be forced to withdraw from this fund on a yearly basis at some point (RMD), I do not like the 1 fund idea. I think it would be better to have two funds with a low correlation so that you will always have a fund that is doing well that year to withdraw that RMD from.
by cjcerny
Fri Apr 21, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Brand New Investor Help
Replies: 11
Views: 660

Re: Brand New Investor Help

1) Keep it super simple. 2) Keep your costs super low. No real need to consider a target date fund or ETFs. Those are just going to add to your costs in the long run. Don't worry about buying the bonds now if you can afford the $3k opening cost of buying Total Bond Market Index. Buy them next year w...
by cjcerny
Fri Apr 21, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 3765

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

The Lifestrategy and Target Date funds are good choices, but you do pay a premium to use them rather than just buying total market index funds. I would just save up that $200 a month until you have enough $$ to buy Total Stock Market Index this year and then do the same thing again next year with To...
by cjcerny
Wed Apr 19, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 2038

Re: Should I bother with a 401k at present?

Always contribute enough to get the match, even if the expenses on the investment choices you have available to you are lousy.
by cjcerny
Tue Apr 18, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Best cruise
Replies: 50
Views: 3745

Re: Best cruise

You can get a 5 day cruise for $350 a person if you shop it right. And, if you can drive to the departure port rather than fly, you'll save even more money. I've been a number of different bargain and upscale cruise lines and I think a lot of whether you enjoy yourself just comes down to your own at...
by cjcerny
Tue Apr 18, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Which book is best to start with ?
Replies: 12
Views: 957

Re: Which book is best to start with ?

I would actually start with Jane Quinn Bryant's "How To Make Your Money Last". I think it is more cohesive than the two mentioned while still advocating index investing. Heresy, I know. :happy
by cjcerny
Fri Apr 07, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Help on how to spend more on myself (First World Whine)
Replies: 93
Views: 5322

Re: Help on how to spend more on myself (First World Whine)

I have the same problem as the OP. The only real way I trick myself into buying any toys is to buy them used (usually Craigslist) and then sell them again after I have had my way with them. That way, I trick myself into thinking that I've only borrowed them and that it hasn't cost me a lot of money ...
by cjcerny
Tue Apr 04, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 5928

Re: Economics of Charging an Electric Car

I pay about 6 cents for a KWh here in Akron. Definitely pricey at 19 cents. I believe the eMPG numbers used to calculate the MPG equivalent of an electric car is about 12 cents.
by cjcerny
Tue Apr 04, 2017 7:20 am
Forum: Personal Consumer Issues
Topic: Comfortable Vehicle Front Seats
Replies: 90
Views: 14075

Re: Comfortable Vehicle Front Seats

Kia Optima.

Consumer Reports has comfort ratings for the front and rear seats of every vehicle they review, by the way.
by cjcerny
Wed Mar 22, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Purchasing a 2017 Hyundai Sonata Sport 2.0T
Replies: 16
Views: 1278

Re: Purchasing a 2017 Hyundai Sonata Sport 2.0T

Sure you don't want to try a Kia Optima before you buy that Sonata?
by cjcerny
Fri Mar 17, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard's recommendation
Replies: 15
Views: 1819

Re: Vanguard's recommendation

Questionnaires are silly, I think. I would use something like http://www.portfoliovisualizer.com and run a backtest using your actual portfolio $$ values and then look at what the last bear would have done to your nest egg in $$. If you can stomach, for example, your bottom line going from like $400...
by cjcerny
Thu Mar 16, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3308

Re: Convincing Someone To Dump A Bad Financial Advisor

The only way to get people to change is for them to hear or read the same advice from a number of people, especially someone they know and/or trust. Even then, they will be reluctant to do so because they will be embarrassed about their poor decision making. Feed her many links and publications that...
by cjcerny
Thu Mar 16, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: Astrid Menks Buffett's Asset Allocation
Replies: 7
Views: 964

Re: Astrid Menks Buffett's Asset Allocation

I think Mr. Buffett would recommend that same portfolio for any investor, regardless of their age, as long as they had a near term, regular need to make withdrawals from it, as you would in a 401k or conventional IRA. Free of the requirement to having to make yearly withdrawals, he would recommend 1...
by cjcerny
Mon Mar 13, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Inherited 90K. New to Investing, single parent
Replies: 22
Views: 2578

Re: Inherited 90K. New to Investing, single parent

Don't under estimate the peace of mind that comes from being completely debt free. That is, consider using the 90k to pay off all your loans and pay for a home/condo in its entirety. If you don't have any money left to invest, so be it.
by cjcerny
Fri Mar 10, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 6801

Re: 28yo, New Millionaire, Advice on Wealth Management

You don't need a wealth manager. You don't want a wealth manager. All a wealth manager is going to do is slowly transfer your hard earned money from your pockets to theirs. You just need to take some time and familiarize yourself with investing in low cost broad market stock and bond index funds. Th...
by cjcerny
Fri Mar 10, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: 2017 Honda Civic not recommended by Consumer reports
Replies: 44
Views: 5687

Re: 2017 Honda Civic not recommended by Consumer reports

CR also hates Honda's infotainment system with a passion. If you've tried it, you know why.
by cjcerny
Fri Mar 10, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2714

Re: can you recommend good tires

Michelin Defender
by cjcerny
Wed Feb 22, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Staying at Disneyworld
Replies: 30
Views: 3351

Re: Staying at Disneyworld

Take someone with a valid and unexpired military uniformed services card with you. They get great discounts on tickets and room prices, as long as they are staying in your room with you.
by cjcerny
Fri Feb 10, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Saved too much? What do you splurge on?
Replies: 90
Views: 9338

Re: Saved too much? What do you splurge on?

My splurge would be to set up college scholarship(s) at the local high school--or your alma mater--for students that meet the qualifications you are looking for.
by cjcerny
Tue Feb 07, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6595

Re: Child on the Way - What to do for College Financing?

Best way to save for college expenses is to get a job at a college. :happy

Somewhat silly. Somewhat serious. Free tuition for your children is a killer benefit that almost all colleges and universities offer their employees, both the teaching staff and the non-teaching staff.
by cjcerny
Mon Feb 06, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Plumbing issue - advice sought
Replies: 47
Views: 3850

Re: Plumbing issue - advice sought

If it is an old house that still has some of the original cast iron plumbing, you could very well have a leak in the cast iron drain pipe connected to the tub. Cast iron plumbing has to be replaced at some point, if it hasn't been already.
by cjcerny
Tue Jan 31, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Which 401K bond fund would you pick?
Replies: 5
Views: 555

Re: Which 401K bond fund would you pick?

Faced with those choices, I would just own bonds in my Vanguard IRA and only own stock in my 401K. I'm assuming you have a low priced stock index fund to choose from in your 401K.
by cjcerny
Wed Jan 25, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Carribean island most like Hawaii
Replies: 63
Views: 7961

Re: Carribean island most like Hawaii

St. Lucia
by cjcerny
Tue Jan 17, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Basic question on Hybrid cars
Replies: 64
Views: 4149

Re: Basic question on Hybrid cars

There's no difference in how the power train of a Prius works versus any other Toyota hybrid. The only real difference is that the Prius includes a number of additional aerodynamic features that the other models do not to further increase the MPG.
by cjcerny
Fri Dec 23, 2016 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 7278

Re: Are my parents in good hands with this adviser?

Why are we even bothering to analyze anything that this adviser stated in his email? For the most part, we all agree that a super low cost portfolio of broad index funds is going to beat the pants off of anything an adviser could ever put together. Apparently, it's my job to remind the OP of this. :...
by cjcerny
Wed Dec 21, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: 16 yo, first book on investing
Replies: 28
Views: 1824

Re: 16 yo, first book on investing

The Index Card
by cjcerny
Tue Dec 20, 2016 12:45 pm
Forum: Personal Consumer Issues
Topic: Coach bag for wife - how to buy
Replies: 73
Views: 5598

Re: Coach bag for wife - how to buy

For the most part, the bags they sell in the Coach outlet stores are not the same bags they sell in the Coach flagship stores. Coach, like most manufacturers, makes less expensive product specifically for outlet stores to make you think you are getting a hefty discount on the product they might have...
by cjcerny
Tue Dec 13, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Book suggestions for financially clueless mother in law
Replies: 11
Views: 1012

Re: Book suggestions for financially clueless mother in law

The Index Card

If that doesn't reach her, nothing will.
by cjcerny
Fri Dec 09, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: investment personal decision
Replies: 16
Views: 2552

Re: investment personal decision

If I needed all of the money in 3-5 years, the only place I would put it is in CD's or short term bonds.
by cjcerny
Fri Dec 09, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: First post! Too risky portfolio? Please Advise!
Replies: 19
Views: 1151

Re: First post! Too risky portfolio? Please Advise!

Look at your own behavior to find the answer to your question. If you find yourself constantly worried about how large downturns in the stock market will affect your portfolio, add more bonds. If you never think twice about it and sleep like a baby even during big downturns like we had in 2008, then...
by cjcerny
Tue Dec 06, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Dad's Retirement Account
Replies: 19
Views: 2219

Re: Dad's Retirement Account

I would go with 30% Total Stock Index and 70% Total Bond Index to keep the expenses rock bottom. Second, having both a stock fund and a bond fund (rather than one or more balanced funds) means that the chances of having to take an RMD from a fund that has lost money for the year are very low. Finall...
by cjcerny
Wed Nov 30, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 7167

Re: Should I buy a new car for safety's sake?

ESC (electronic stability control) is a proven lifesaver. If your Camry already has it, no need to upgrade. If it doesn't, I would consider upgrading to get it.
by cjcerny
Tue Nov 22, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: A nice little windfall
Replies: 24
Views: 4032

Re: A nice little windfall

She is going to owe tax on $6k if he writes her a check for $20k. IRS gift limit is currently $14k per year per person.
by cjcerny
Mon Nov 21, 2016 10:32 am
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2597

Re: If you don't need equity risk, why buy them?

Inflation and taxes are your main risk in an all bond portfolio. If you can avoid both somehow, then you can avoid equities entirely, but not many of us can. I would think that holding at least 20-30% stock in your portfolio would be prudent.
by cjcerny
Mon Nov 21, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 4293

Re: Whole life - 7 "pithy" questions to ask the salesman

She will never get honest answers from a salesperson. That's like asking a barber if you need a haircut. You have to convince her that a whole life product is just bad news and that she should only be considering a term life policy, if any. I would try to equate that mistake with other similar mista...
by cjcerny
Fri Nov 18, 2016 8:17 am
Forum: Personal Consumer Issues
Topic: Honda Cars
Replies: 96
Views: 9682

Re: Honda Cars

Consumer Reports reliability data shows that Hondas are not the most reliable vehicles. Lexus/Toyota top that list.
by cjcerny
Fri Oct 28, 2016 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Astra Capital Management
Replies: 9
Views: 1155

Re: Astra Capital Management

What do you mean by "riding out the rollercoaster"? Too much work? If your money is in a tax advantaged account, just putting it in something like the Vanguard Balance Index fund is going to be better than any paid adviser could ever do for you. Takes about 3 minutes to do. When you retire...
by cjcerny
Thu Oct 27, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: I am about to buy my first home, anything I should look out for?
Replies: 40
Views: 3766

Re: I am about to buy my first home, anything I should look out for?

First thing to look out for when buying any house is buying too expensive of a house. Plenty of lenders out there again that are willing to loan you more money than you should probably be reasonably borrowing. I would never buy a home that I could not afford to put 20% down on. Money related stress ...
by cjcerny
Thu Oct 27, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Paid off my auto loan-- Credit score drops -- What to do next?
Replies: 14
Views: 1028

Re: Paid off my auto loan-- Credit score drops -- What to do next?

There is nothing else to do. Credit scores drop when you do something to make yourself less loved by creditors.
by cjcerny
Tue Oct 25, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Multi-vehicle car accident. First time major car accident.
Replies: 16
Views: 1157

Re: Multi-vehicle car accident. First time major car accident.

As was mentioned above, you can pursue it through your insurance provider or that of the person who was deemed to be at fault. I recently lost my car to an accident that was not my fault and chose the subrogation route. My insurance provider wrote me a check for what they determined to be the market...
by cjcerny
Tue Oct 25, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching Basic Person Finance
Replies: 37
Views: 2565

Re: Teaching Basic Person Finance

I would just buy her a copy of The Index Card as a gift and hope that she reads it. Very good stuff there.
by cjcerny
Mon Oct 17, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Free - Now what? Inputs for financial next steps
Replies: 3
Views: 583

Re: Debt Free - Now what? Inputs for financial next steps

How does your wife avoid management fees? Confused about that.
by cjcerny
Fri Oct 07, 2016 11:23 am
Forum: Personal Consumer Issues
Topic: Laptop ideas
Replies: 41
Views: 2753

Re: Laptop ideas

What's the budget?
by cjcerny
Fri Sep 23, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4605

Re: Cosigning a new car lease for sister out of state

You're enabling irresponsible behavior. I don't think a $45,000 car is a human necessity either so I don't think you're being a baddie if you decline. On the other hand, I don't know your financial situation. Maybe you're worth several million so helping out your sister and perhaps your niece in pe...
by cjcerny
Thu Sep 22, 2016 11:38 am
Forum: Personal Consumer Issues
Topic: OTA Antenna
Replies: 19
Views: 2493

Re: OTA Antenna

You'll need the biggest line of sight antenna Channel Master sells and some luck. 70 miles is a stretch, even for a line of sight antenna.

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