Search found 1725 matches

by knpstr
Sat Sep 23, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: How to recognize self-help books?
Replies: 23
Views: 1196

Re: How to recognize self-help books?

Just curious, what does it matter if a book is a "self help" book or not? It matters a lot in my opinion. You can tell a great deal about the contents if you can place it in a hierarchical bucket. I'll try to illustrate. Being on this forum I'll assume you are familiar with investing books. You can...
by knpstr
Fri Sep 22, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Loans paid off!
Replies: 17
Views: 995

Re: Loans paid off!

Great feeling! Stay the course!
:beer
by knpstr
Fri Sep 22, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: How to recognize self-help books?
Replies: 23
Views: 1196

Re: How to recognize self-help books?

Just curious, what does it matter if a book is a "self help" book or not?
by knpstr
Fri Sep 22, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 2889

Re: Warren Buffett and Bond Funds

I read in more than one place that Warren Buffett believes that bond funds are a bad idea in a retirement portfolio and that he is against the traditional 60/40 stock/bond allocation in retirement. He said he tells friends and relatives of moderate income to have about three years of ready case at ...
by knpstr
Thu Sep 21, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 3414

Re: Luxury Car Purchase

paying cash?

$130,000 car for 3M net worth is same as a 1M net worth buying a $43,333 car, for perspective.
by knpstr
Thu Sep 21, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Gaps in new hardwood flooring
Replies: 50
Views: 2719

Re: Gaps in new hardwood flooring

I wouldn't use filler.

Between 1 and 2 that is up to you, you explained the caveats of each accurately.

That being said, I think you deserve a quality product and install.
You're looking at ~292 gaps at that rate 7 per 60 sq ft.
by knpstr
Thu Sep 21, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Having First Child a little later in life, Debt just paid, Help Us Check In
Replies: 14
Views: 1633

Re: Having First Child a little later in life, Debt just paid, Help Us Check In

I feel like paying off the debt was a game I've now completed (I don't plan to use Installment debt again), and retirement and college savings I would like to approach the same way. I know paying off my mortgage at 2.9% was likely a financial mistake, but I really like the idea of not owing anyone ...
by knpstr
Thu Sep 21, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 198
Views: 17660

Re: I won the Lottery. Need sound advice.

My advise is to pay off all debt including the mortgage. Fire your financial advisor and then come back here for advise with your updated situation. That is exactly what I would recommend. Couldn't say it better. I could go into more details about why these are the right things to do, but its time ...
by knpstr
Tue Sep 19, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: ChexSystems site not secure?
Replies: 7
Views: 825

Re: ChexSystems site not secure?

www.chexsystems.com
and
chexsystems.com

both gave me a secure connection.

EDIT: I should mention that the browser I use is Opera
by knpstr
Tue Sep 19, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23161

Re: Calling out the not so rich bogleheads

Vast majority of the folks in real life do not have that 100-200K kind of savings let alone a million, and then coming to a forum which has people who are serious and responsible about their financial life, and seeing that you in no way are close to them can be crushing. In my view this is a "glass...
by knpstr
Sat Sep 16, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: identity verification with Equifax?
Replies: 6
Views: 635

Re: identity verification with Equifax?

Since I did Experian by phone, TransUnion was the only place I had to answer additional questions.
by knpstr
Fri Sep 15, 2017 9:14 pm
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 5569

Re: Home Page Updated

I am using iOS Do you know how many people use iOS here? According to market share about 33% of people use iOS. I don't know if bogleheads are any different from average. Do you mean 33% of mobile users? If so, I doubt that translates into 33% of people accessing Bogleheads as a lot of them will be...
by knpstr
Fri Sep 15, 2017 11:05 am
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 5569

Re: Home Page Updated

I am using iOS Do you know how many people use iOS here? According to market share about 33% of people use iOS. I don't know if bogleheads are any different from average. Do you mean 33% of mobile users? If so, I doubt that translates into 33% of people accessing Bogleheads as a lot of them will be...
by knpstr
Thu Sep 14, 2017 7:38 pm
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 5569

Re: Home Page Updated

pondering wrote:
Thu Sep 14, 2017 7:33 pm
I am using iOS

Do you know how many people use iOS here?
According to market share about 33% of people use iOS. I don't know if bogleheads are any different from average.
by knpstr
Thu Sep 14, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can't freeze credit at Experian?
Replies: 59
Views: 25262

Re: Can't freeze credit at Experian?

had to call Experian. it is all automated, you don't actually talk to anyone.

all the rest I did online no problem.
by knpstr
Thu Sep 14, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: Experian - credit freeze and credit card hacked
Replies: 11
Views: 2016

Re: Experian - credit freeze and credit card hacked

Thanks for getting it Victoria - it's not the fact that it's 87 cents, but that it happened when I put my info out to Experian to freeze my credit and gave my credit card to Experian via internet. That is what is so disturbing. And that is what should be disturbing to say, the Attorney General, etc...
by knpstr
Thu Sep 14, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax is a mess
Replies: 21
Views: 3416

Re: Equifax is a mess

I got through to everyone online except Experian yesterday.

I just called Experian and did it through the automated phone system.
by knpstr
Thu Sep 14, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10862

Re: Anyone else freeze their credit score?

I got through to everyone except Experian. I just get a gray page with "Loading..." in the top left corner and it never loads.
by knpstr
Thu Sep 14, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Experian credit freeze by phone vs online
Replies: 9
Views: 1137

Re: Experian credit freeze by phone vs online

I don't have an answer for you, but seeing how these companies are being flooded with requests in panic, it could be a little longer than whatever is "normal".
by knpstr
Wed Sep 13, 2017 4:04 pm
Forum: Personal Consumer Issues
Topic: Someone set up PayPal account using my email...
Replies: 35
Views: 2592

Re: Someone set up PayPal account using my email...

I never clicked to confirm the email when the person set up the PayPal account. Despite that, they keep sending me receipts and notices for that person. Doing a Google search, it seems like it has happened to others and there is no solution other than marking it as spam/junk. It seems that PayPal w...
by knpstr
Wed Sep 13, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

2) If you freeze your credit with the big 3, are lenders still able to report information to the agencies? For example if I freeze my credit while I'm in the process of paying off a loan. Once that loan is paid off (and credit still frozen), do the credit bureaus still receive and process that info...
by knpstr
Wed Sep 13, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: Someone set up PayPal account using my email...
Replies: 35
Views: 2592

Re: Someone set up PayPal account using my email...

I don't understand, if the person has the same name but Gmail doesn't "count" the dots, how can they have separate Gmail account from yours? They don't, they messed up putting the e-mail in paypal. I don't know how their account was confirmed. I think Paypal confirms by e-mail, maybe you can opt fo...
by knpstr
Wed Sep 13, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

This is a useful answer, but far from enough. Beyond freezing credit files what else are you recommending? Certainly freezing your credit is "a" step to better securing yourself. I have not found any good recommendations beyond limiting the number of financial institutions you deal with and checkin...
by knpstr
Wed Sep 13, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Someone set up PayPal account using my email...
Replies: 35
Views: 2592

Re: Someone set up PayPal account using my email...

I got a similar e-mail from an out of state dealership from someone who bought a GMC Sierra pickup. The difference in the email was the "."

apparently they just put in a fake e-mail address because they didn't want to be bothered.
by knpstr
Wed Sep 13, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

Dave Ramsey often touts "ID theft Insurance". Looking into what he recommends, it is only $145/yr for "family coverage". Perhaps that would be worth the small price as well. They also give $1M in reimbursement of stolen funds and a case worker will "do all the work" to get things straightened out fo...
by knpstr
Wed Sep 13, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

Yes, I think your feelings towards the company is justified. From reading this thread it seems like the best course of action (in terms of preventing ID theft) is to place a security/credit freeze with 4 agencies. .... 5 agencies Equifax, Experian, TransUnion are the main 3 and then Innovis is also...
by knpstr
Wed Sep 13, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

So after reading what you wrote, I think my response still applies. I also adjust my withholding so that there is not much of a refund (not due to this breach but just as a general practice) so I guess that provides some inherent protection from a refund being stolen. It is a useful step, but far f...
by knpstr
Wed Sep 13, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

Yes, I think your feelings towards the company is justified. From reading this thread it seems like the best course of action (in terms of preventing ID theft) is to place a security/credit freeze with 4 agencies. The security/credit freeze protects against only one small part of the damage that ca...
by knpstr
Wed Sep 13, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

Yes, I think your feelings towards the company is justified. From reading this thread it seems like the best course of action (in terms of preventing ID theft) is to place a security/credit freeze with 4 agencies. .... 5 agencies Equifax, Experian, TransUnion are the main 3 and then Innovis is also...
by knpstr
Wed Sep 13, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

May as well concede defeat in terms of potential litigation and sign up for the $1,000,000 in fraud protection? It will only cover you for 1 year. After that you're on your own. The data will be available to malicious parties forever. If you sign up for it now, they will be hoping you will renew it...
by knpstr
Wed Sep 13, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 632
Views: 37670

Re: Equifax customer information leak

Also, do suckers people who signed up when the terms of service still required arbitrary, and said "this is the entire agreement," are they excused from the arbitration requirement or are they still bound by the agreement they signed? When they go to sue Equifax they will have to prove what they ag...
by knpstr
Tue Sep 12, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16625

Re: Iphone X is $1000

For those happy with much, much less expensive phones - I've tried them and they just aren't good enough for me. To each his own. Just curious, how did you ever manage with an iPhone 1 or 2 or 3 or 4 or 5 or 6 or 7? :twisted: I'm sure that wasn't as good as the X is now? I managed just fine because...
by knpstr
Tue Sep 12, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16625

Re: Iphone X is $1000

Inframan4712 wrote:
Tue Sep 12, 2017 2:53 pm
For those happy with much, much less expensive phones - I've tried them and they just aren't good enough for me. To each his own.
Just curious, how did you ever manage with an iPhone 1 or 2 or 3 or 4 or 5 or 6 or 7? :twisted:
I'm sure that wasn't as good as the X is now?
by knpstr
Mon Sep 11, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 4227

Re: China to ban petrol cars

Looking into = doing. mmm okay
by knpstr
Mon Sep 11, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: "Luxury" Vinyl vs Laminate flooring?
Replies: 35
Views: 2662

Re: "Luxury" Vinyl vs Laminate flooring?

LVP is the way to go. It will show an uneven floor more than laminate as laminate is "stiffer" and vinyl is "floppy", but vinyl is much more resilient.
by knpstr
Mon Sep 11, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: New/used compact car
Replies: 9
Views: 530

Re: New/used compact car

You have to decide how much automatic braking is worth to you.
But, you've lived this long without it.
by knpstr
Sat Sep 09, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6029

Re: Luxury car: perception vs reality

That's a good rule. Still would be too much for me to spend it but I like the concept. So many people way over spend on cars, boats, etc.... Yes, it might be their entertainment but it pushes them having the ability to retire out further and further. Not my style for sure. I think if the average ho...
by knpstr
Sat Sep 09, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Debt collection advice
Replies: 12
Views: 931

Re: Debt collection advice

I'm sure there is a statement online on the bank website but I don't "receive" anything by mail or e-mail about my mortgages. Just electronic transfer the payment in every month. The current mortgage balance is on the "front page" of the site so I don't even look for a statement as that always refle...
by knpstr
Sat Sep 09, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Debt collection advice
Replies: 12
Views: 931

Re: Debt collection advice

I don't know what he should do, but I have never "received a bill" for any of my 3 mortgages. I just pay them every month.

However, I don't think ignoring it is the right answer.
by knpstr
Sat Sep 09, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6029

Re: Luxury car: perception vs reality

msk wrote:
Sat Sep 09, 2017 7:10 am
My rule-of-thumb for the past 50 years has been, Never Buy a Car Costing More Than 6 Months Income.
This is Dave Ramsey's rule too. Except that everything you own with a motor combined, not just 1 vehicle, should not exceed 6 months income, cars, boats, motorcycles, etc.
by knpstr
Thu Sep 07, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Couple in early 30s, any changes?
Replies: 28
Views: 3769

Re: Couple in early 30s, any changes?

I think I double counted the mortgage. Taxable $440k 401k $230k Cash $80k Commercial Prop $220k Home Equity $150k Mortgage -$450k I get $680k now. That makes more sense. Among other errors, I think you didn't count about half of their taxable investments either. They have $705K not $440K the calcul...
by knpstr
Wed Sep 06, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5627

Re: Wife believes 7+% returns from stock market are guaranteed

My wife and I argue a lot about how to invest our money. I am more conservative while she is riskier. Recently we bought a house with all cash. She thinks we should have got a mortgage and put our money in the stock market. My response is if stock market guarantees 7+% returns then why do banks len...
by knpstr
Sun Sep 03, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 74
Views: 9809

Re: Becoming a Landlord: My Experiences

1. You can't put a rental in an IRA or 401k. Just to be clear, you CAN have rental real estate in a self-traditional or roth IRA. The "catch" is that you have to buy the property with funds that are already in the IRA, you can't buy it then put it in the IRA. However, I do not hold any rentals insi...
by knpstr
Fri Sep 01, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 353
Views: 33840

Re: Michael Kitces 4% rule podcast on Madfientist

Thanks for pointing out my error! I just (incorrectly) used the semi-annual interest payments date.

But also thank you for providing the numbers to reinforce the point!
:beer
by knpstr
Thu Aug 31, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 353
Views: 33840

Re: Michael Kitces 4% rule podcast on Madfientist

Awesome podcast. One thing I dont get is why more people dont break their retirement spending down into required and discretionary. I dont see why you couldn't say something like 'Your required spending should be less than 3% of your portfolio (ie. worst case) and your discretionary spendings shoul...
by knpstr
Thu Aug 31, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 353
Views: 33840

Re: Michael Kitces 4% rule podcast on Madfientist

I will use more assets from my Risk Portfolio (RP) to satisfy my liabilities. My spreadsheet will be revised and by the age of 100 my remaining real balance will be lower. Victoria Then you'll use your RP? What if it drops 50% and never recovers?!? :twisted: I think those are fair points to questio...
by knpstr
Thu Aug 31, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 353
Views: 33840

Re: Michael Kitces 4% rule podcast on Madfientist

Awesome podcast. One thing I dont get is why more people dont break their retirement spending down into required and discretionary. I dont see why you couldn't say something like 'Your required spending should be less than 3% of your portfolio (ie. worst case) and your discretionary spendings shoul...
by knpstr
Thu Aug 31, 2017 3:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16213

Re: Is Bogelheads getting less interesting?

Come for the investment plan, stay for the $5000 watch threads. +1 haha well said! I think it is the nature of many things, the more you frequent it, the less novel it becomes. That's where the theoretical academic debates can become the "new interest", but also why they are potentially dangerous a...
by knpstr
Thu Aug 31, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: William Bengen Predictions for 2016
Replies: 2
Views: 804

Re: William Bengen Predictions for 2016

Sir John Templeton gave the prediction of DJIA 1,000,000 by year 2100.

Stay the course.
by knpstr
Thu Aug 31, 2017 6:25 am
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7197

Re: How much sooner could you retire with NO property taxes?

Property taxes are about $1,700/yr so I could retire about $43,000 less in nest egg size.