Search found 4434 matches

by randomguy
Sat Apr 29, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: calculating best house value across US markets
Replies: 15
Views: 1122

Re: calculating best house value across US markets

The following states (in no particular order) offer high quality of life at reasonable costs: Texas Mississippi Alabama Georgia South Carolina North Carolina Tennessee Kentucky Indiana North Dakota South Dakota Montana Wyoming Quality of life is far to individualistic. The surfing in those states i...
by randomguy
Thu Apr 27, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: When does it make sense to stop paying to repair your old vehicle?
Replies: 56
Views: 3549

Re: When does it make sense to stop paying to repair your old vehicle?

The cost of the repairs is, in many ways, irrelevant to the book value of the car, unless you think you can sell it or plan to. What matters is the amount you're spending versus the amount you would spend on a replacement, and how long the car will run without new, costly repairs. ^This. I've never...
by randomguy
Wed Apr 26, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 56
Views: 3851

Re: Porsche Lease

Leasing is a very expensive way to "own" a car. If you have money to burn, then you can afford to do things that are not financially prudent. Would this be a one off, or do you plan on leasing a viper when the lease is over? This will be about $750 a month or thereabouts? How much will th...
by randomguy
Wed Apr 26, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 208
Views: 8201

Re: Will cars be autonomous in three years?

I knew the answer (economists call it creative destruction) but I was just commenting that I think it is interesting. Interesting in the same way that when the stock market drops by a certain amount of capitalization, where did all of that money go? That money never existed so it didn't have to go ...
by randomguy
Wed Apr 26, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 208
Views: 8201

Re: Will cars be autonomous in three years?

It's the Segway I was thinking of. I think there may be a number of parallels in the future between the Segway and autonomous cars. Segway was a fine product (a bit expensive) that was looking for a problem to solve. For it to be really useful would have required infrastructure changes (you needed ...
by randomguy
Mon Apr 24, 2017 11:43 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 208
Views: 8201

Re: Will cars be autonomous in three years?

You can look at how self driving cars have progressed since the first Darpa grand challenge in 2004 to now and the progress is totally insane. We are probably like 95%+ of the way to the self driving car. The hard part is figuring out is that last 5% solveable or not. Deep learning over the last 5 ...
by randomguy
Mon Apr 24, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 208
Views: 8201

Re: Will cars be autonomous in three years?

Maybe in 50 years there will be some impact in urban areas, but not in the majority of the country. Also: how many 15 year olds do you think are counting the hours until the day comes that they can sit in a car and not drive it? how many 80+ years are counting the hours til they can have a car that...
by randomguy
Mon Apr 24, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 208
Views: 8201

Re: Will cars be autonomous in three years?

To expound on my previous points: Any other car manufacturer that I'm aware of other than Tesla, only offers adaptive cruise. Tesla is the only manufacturer that offers steering at high speeds, dubbed lane centering technology. EDIT: it seems like beginning this year, some non-Tesla vehicles will h...
by randomguy
Fri Apr 21, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Wealthfront Portfolio Line of Credit
Replies: 3
Views: 431

Re: Wealthfront Portfolio Line of Credit

bostondan wrote:
randomguy wrote:Personally the rates seem really to me. These are loans backed with 3x of assets that can be forced to be sold to pay the loan. That is pretty low risk.


Thanks for your thoughts.

Really high or really low? I think you left out a word.


high:) IB margin rates are ~2% for comparison.
by randomguy
Fri Apr 21, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Google wifi is awesome
Replies: 63
Views: 9578

Re: Google wifi is awesome

I know this is as brazen a product plug as it gets, but I think it's warranted. Thanks for sharing. I will be purchasing this in about 8 weeks when I move into the new home. Do you know how well it works across two floors? Also thank you for sharing. I had heard of this, but hadn't looked into it c...
by randomguy
Fri Apr 21, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: Wealthfront Portfolio Line of Credit
Replies: 3
Views: 431

Re: Wealthfront Portfolio Line of Credit

Wealthfront has launched a new product that allows customers to take up to 30% of their portfolio value out as a loan: https://www.wealthfront.com/portfolio-line-of-credit I don't understand these things well enough, but at first glance it seems like a bad idea. The interest rate is advertised as b...
by randomguy
Fri Apr 21, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 11860

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

randomguy, << In my experience people that take the initiative to figure out what needs to be done and get it done even if it isn't their job are the ones getting promoted. They are far more valuable than the ones that are only concerned about their individual job. >> Not in my 30+ years working ex...
by randomguy
Thu Apr 20, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 11860

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

10YearPlan, Let's assume that you are right, so what? It is not my job to improve my boss. It is his boss's job and responsibility. I am not paid to improve my boss. I have nothing to gain but everything to lose by giving the feedback. Do your own job. Do not do somebody's else job. It is not your ...
by randomguy
Thu Apr 20, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5091

Re: Can I afford private school for my kids?

Classical christain education isn't anti science. Grammer, logic and rhetoric is a solid foundation for a STEM education. . Thanks for clarifying. The Grammar, logic, rhetoric method is precisely what I meant by the term. I guess this is why I was confused. That's not a classical Christian educatio...
by randomguy
Wed Apr 19, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5091

Re: Can I afford private school for my kids?

I had a "classical Christian education k-12". This is where I don't know what this expression means any more. I know what this used to mean. The anti-science movement is only a few decades old in this country so I can't tell what your education was, or what the OP is looking for. I only m...
by randomguy
Wed Apr 19, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 2829

Re: Dedicating your bonus to something

Bonuses are just money. Nothing special. Using them to buy things you wouldn't have normally doesn't seem like a great idea to me. Either decide something is worth the money and buy it or don't. Just try and justify it as "unexpected" money. Personally I just shove it all in the investment...
by randomguy
Wed Apr 19, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: Weight loss and investing
Replies: 35
Views: 3953

Re: Weight loss and investing

Good thread. One way to do better at both is to think of the money you had to spend to become overweight. You likely paid for the food to eat to gain every extra pound you now want to lose. So losing weight is good for your finances. Besides, losing/maintaining weight is easy, just don't eat anythi...
by randomguy
Wed Apr 19, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 196
Views: 15726

Re: Tesla Model 3 or Chevy Bolt?

I don't think I know anyone that drove less than 150 mi trip in seven months. You must be in the very small minority. Saying you want a pickup or want 0-60 in 3 seconds is one thing, but saying most people don't care about fast, easy and anxiety free long distance charging is stupid. How do you kno...
by randomguy
Tue Apr 18, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 5805

Re: What kind of stuff would you never DIY, assuming you could?

Cutting the lawn. Don't enjoy it, takes time, and is cheap to have someone else do. Other than that, if I'm competent, I'll do it. I do that on anything even if I am competent. At some point you need to decide if your time is more valuable than money. One off DIY can be fun so they get done but rou...
by randomguy
Tue Apr 18, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Weight loss and investing
Replies: 35
Views: 3953

Re: Weight loss and investing

I see a lot of the similarities as well. My problem is I'm knowledgeable on both fronts. I know exactly what to do, how to do it, and why to do it. I have found I have pretty good financial discipline and have seen the results. I have found I have almost no diet/exercise discipline and have not see...
by randomguy
Tue Apr 18, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: 2009 Toyota Highlander on the way out
Replies: 23
Views: 1759

Re: 2009 Toyota Highlander on the way out

Happy wife, happy life. Ralph For a good number here, that saying is "cringe worthy". I understand what you mean, but many who don't have their financial house in order should not live by that motto. Yet they do. Many do. The saying is just stupid. Would your wife having affair (i.e. maki...
by randomguy
Tue Apr 18, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11008

Re: My kids don't care about saving

I would have to respectfully disagree, granted my situation wasn't perfectly analogous to yours. My dad mentioned retirement stuff right around my freshman year of college (18). At the time I got my first W-2 internship my parents offered to reimburse me 50% of IRA contribution that was made while ...
by randomguy
Tue Apr 18, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5091

Re: Can I afford private school for my kids?

Have you talked to teachers in both schools to see where THEY send their kids? That is an easy way to determine how the schools in your area compare. The teachers at the school are probably not making 140k/yr. They might be getting steep tuition discounts. I also know some teachers that specificall...
by randomguy
Tue Apr 18, 2017 8:05 am
Forum: Personal Consumer Issues
Topic: Advice for SUV/minivan for family with 3 teenagers
Replies: 4
Views: 455

Re: Advice for SUV/minivan for family with 3 teenagers

Sienna AWD seems like the no brainer if it can go up the logging roads you want (i.e. do you need more ground clearance). Most normal sized SUVs have very cramped 3rd rows so unless you need ground clearance or have image issues, the minivan is a better choice. As far as the limited life span, you p...
by randomguy
Tue Apr 18, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5091

Re: Can I afford private school for my kids?

- My salary (gross) - 140k, Stay-at-home wife - Spending - 5k/month Need way more info. You make 11.5k/month. Where does that go? Expenses, which saving pots, etc. You may want to edit your opening post so other posters can see everything in a formalized place. You've only accounted for 5k. A coupl...
by randomguy
Tue Apr 18, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11008

Re: My kids don't care about saving

@KlangFool: I come from a very similar situation to TX_Man. Sometimes the best lesson is learned by what not to do. I don’t disagree with you when it comes to approach (parental lectures/control). But I do think there’s a way to use the ample materials and resources available such that it won’t eve...
by randomguy
Mon Apr 17, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a mortgage into retirement
Replies: 39
Views: 4558

Re: Carrying a mortgage into retirement

I might split the difference, although personally I'd never carry big debt (or any debt) into retirement. Imagine a seven-year market decline and your $2 million turns into one million while half of that million is earmarked for a house and you still need a hundred grand per year to survive, and it...
by randomguy
Mon Apr 17, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3100

Re: how much is reasonable amount to spend

I think the point is more that you can make money tutoring piano than getting a scholarship. You can make money giving private lessons in sports just like you can tutoring piano, though. Sure you can make money doing anything. But certain activities are more likely to result in paying outcomes. Giv...
by randomguy
Mon Apr 17, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3100

Re: how much is reasonable amount to spend

I know several people who got full-ride athletic scholarships for gymnastics. I'd bet it is more likely than receiving one for piano. Neither is very likely unless OP's daughter is exceptional; as in ranked at a national level. I have a 5yr old daughter who does gymnastics, not competitively (and w...
by randomguy
Mon Apr 17, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Living off loans to limit income?
Replies: 8
Views: 1396

Re: Living off loans to limit income?

Apparently it is common among the uber rich to live off loans secured by property, avoiding income taxes. Is this really true? :confused No, it isn't true. Hint: how do you think they ever pay back the loan? They don't. They die with with a five million dollar margin loan and may not ever pay a dim...
by randomguy
Mon Apr 17, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11008

Re: My kids don't care about saving

@KlangFool: I come from a very similar situation to TX_Man. Sometimes the best lesson is learned by what not to do. I don’t disagree with you when it comes to approach (parental lectures/control). But I do think there’s a way to use the ample materials and resources available such that it won’t eve...
by randomguy
Mon Apr 17, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Stunning Increase In Homeowner's Ins Premium
Replies: 27
Views: 5148

Re: Stunning Increase In Homeowner's Ins Premium

I have known other people that have had the same treatment from Hartford. There is nothing to do / see here with Hartford. Need to go shopping with other providers. You will read the same complaints with every other insurance company with pretty much every product (car, life, house,...). It can be ...
by randomguy
Sun Apr 16, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4475

Re: Is spending 15K to furnish home too much?

Starting from nothing and furnishing an entire house for $15k is a steal. Assuming you're buying new and it's not from IKEA. I can't imagine many circumstances that someone would need all new furniture at once, short of a total loss house fire maybe? I went to Ikea and got my entire bedroom furnish...
by randomguy
Sun Apr 16, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4475

Re: Is spending 15K to furnish home too much?

No not at all,,, Personally we have never spent anywhere close to that amount. Matter of preference. :happy And circumenstances. I think if you fully price out furnishing a 4 bedroom house, the costs add up in a hurry. Obviously you can get everything for free if your time is worthless (and you qua...
by randomguy
Sun Apr 16, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4475

Re: Is spending 15K to furnish home too much?

Is spending 15k to furnish a home (valued at 300k) too much? I've seen some posts where people report spending on avg 2% of home value to furnish house but this seems a bit on the lower end. When I mean furnish, I mean everything down to the kitchen spatula. How much have you guys spent on furnishi...
by randomguy
Sun Apr 16, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Tax Refund Being Seized
Replies: 37
Views: 4363

Re: How to Avoid Tax Refund Being Seized

I guess one question is why the FIL is paying off the debt and not the wife? First off this question has nothing to do with providing an answer to the question at hand. Secondly, he clearly stated it was proclaimed to be a wedding gift by the FIL. It is the wifes debt. Promises made by the FIL don'...
by randomguy
Sun Apr 16, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11008

Re: My kids don't care about saving

the economy seems to be significantly harsher than it use to be, with the cost of traditional housing, choice-based low-deductible health care, quality higher education for children, and retirement security becoming increasingly out of reach for most people. Young people need to be clued into these...
by randomguy
Sun Apr 16, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 196
Views: 15726

Re: Tesla Model 3 or Chevy Bolt?

Personally I see it as a charging issue. Why would I want to buy a Bolt or any electric car for that matter that I couldn't even drive long distance. It's like buying an expensive but very defective car. Not being able to drive 200+ miles on charge is defective in the same ways as not being able to...
by randomguy
Sun Apr 16, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 196
Views: 15726

Re: Tesla Model 3 or Chevy Bolt?

I could be wrong but I think the Bolt is a money loser for GM. If that's the case it might explain why it's been slow to roll out and why they're not advertising it very much. I don't think it's available in all 50 states yet. Money loser is a tough thing to qualify. There were articles years back ...
by randomguy
Sat Apr 15, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: Will There Ever Be A Time When There Are No Emerging Markets?
Replies: 14
Views: 1810

Re: Will There Ever Be A Time When There Are No Emerging Markets?

Oddly, I think we are almost there - having no Emerging Markets. Take a look at Emerging Market indexes. Stuff full of names that you recognize. Big multinational corporations with high quality governance. If I recall correctly Samsung tops the list. Korea may be a emerging market but how does that...
by randomguy
Sat Apr 15, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: which tv and size to buy
Replies: 41
Views: 3783

Re: which tv and size to buy

Sounds good. Hope it lasts a long time. I'm not a fan of extended warranties, but I guess $6 a year isn't much to spend on the extra assurance. 30 bucks on a 150 dollar item (haven't price them recently but from memory you can get a 24" tv from 100-200 bucks) is pretty steep. Also remember you...
by randomguy
Sat Apr 15, 2017 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: New contributions after making number, aggressive or conservative?
Replies: 30
Views: 2088

Re: New contributions after making number, aggressive or conservative?

After making our number, actually well after making our number, I changed course and moved to a quasi-bucket approach. I asked about it here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=215177 TL;DR: current cash flow goes to cash bucket, I keep $2M in fixed income growing organically,...
by randomguy
Sat Apr 15, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Tax Refund Being Seized
Replies: 37
Views: 4363

Re: How to Avoid Tax Refund Being Seized

I guess one question is why the FIL is paying off the debt and not the wife? If you are now more or less responsible for the debt, maybe using tax refunds to pay it off is your best strategy.

If for some reason you don't want that, stop withholding so much money.
by randomguy
Sat Apr 15, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid heath care surprises?
Replies: 26
Views: 1593

Re: How to avoid heath care surprises?

It has been my experience that it is best not to pay a provider's bill until you have seen the EOB issued by your insurance company. Sometimes that first bill goes out before the provider and the insurance company have settled up. If your provider is in-network, trust what your insurance company sa...
by randomguy
Sat Apr 15, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 7290

Re: leaving early from work

Reason number 4. In this company, looking busy means more than being productive. (Especially, looking busy on nights and weekends.) - John P. Greaney, Retire Early Home Page I just wanted to remind everyone of this classic quote. There may actually be some mythical companies out there where 'We don...
by randomguy
Sat Apr 15, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11008

Re: My kids don't care about saving

Did you give them the book "if you can" its in the wiki somewhere? I wish I had gotten it at 20. I would inform them now that you are planning a matching program for their ROTH's that you will match anything they put in and if they put in $2500 they get a full match plus a christmas bonus...
by randomguy
Sat Apr 15, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Yet another Vanguard study on DCA vs Lump Sum
Replies: 55
Views: 3124

Re: Yet another Vanguard study on DCA vs Lump Sum

Lump sum vs DCA for a windfall is a lot easier to do when you're not 3% off an all time high and an 8 year bull market, 3 months ago we were at the all time high. While it's obvious that 66% of the time you are better to lump sum, I don't think it's 66% in an all time high situation and the subsequ...
by randomguy
Sat Apr 15, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Yet another Vanguard study on DCA vs Lump Sum
Replies: 55
Views: 3124

Re: Yet another Vanguard study on DCA vs Lump Sum

DCA is "irrational"? Yes Is holding bonds irrational? After all on average you would be much better off investing 100% stocks. DCA is the same. On average you will end up with less money. But you avoid the issue of investing all of your cash on say March 2000 or August 2008. Is giving up ...
by randomguy
Fri Apr 14, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid heath care surprises?
Replies: 26
Views: 1593

Re: How to avoid heath care surprises?

What is your OPM? $3000, which seems to be within a few dollars of what we will pay. It is impossible to spend more than the OPM. That is why you should not have any worries because you know your max. Yes of course. I'm just frustrated by the opacity of the costs. It is the way the system is set up...
by randomguy
Fri Apr 14, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 3510

Re: Cost Creep and Teen and College Years?

Fortunately, my son played defense instead of goalie so I probably saved a lot of :moneybag on equipment. One thing to consider is the financial cost of sports injuries. My older son was injured several times playing ice hockey, while my younger son was injured in lacrosse. Both did cross-country a...

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