Search found 71 matches

by rhornback
Sat May 19, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 76
Views: 9405

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I keep the money I might need in the next 5 years in bonds. Or about 15% of my portfolio. But like Buffett I really do not consider them to be a core, investment. Instead I consider it a place to park my money for life's uncertainties. If I did not need my money right now I would just bite the bulle...
by rhornback
Sat May 19, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Good time to buy a house or wait it out
Replies: 21
Views: 1849

Re: Good time to buy a house or wait it out

This is like trying to predict if the stock market is going up or down. Very hard to do IMO. If the economy where you are at is doing well and there are jobs available then houses are and probably will be in demand. My advice would be to bite the bullet and try to find the best house you can. Anyway...
by rhornback
Thu May 17, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4474

Re: How to think about schools/homes (Greatschools/Niche)

I have thought about this very subject many times over the years. I have a son who is finishing up at the local jr college and transferring to a U.S. News and World reports school ranked around 80. So a top 100 school (respectable) but not a top 20 school. I have a daughter who is finishing up her s...
by rhornback
Mon May 14, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4328

Re: keyless ignitions and carbon monoxide

I have had this happen where my wife 'accidentally' turned on the remote starter while the vehicle was in the garage. Luckily I heard it. I turned it off and opened the garage door. My neighbor leaves the garage door windows (I realize not every garage has a window) cracked because of this possibil...
by rhornback
Mon May 14, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4474

Re: How to think about schools/homes (Greatschools/Niche)

As others have said, I do not think there are clear cut answers here. But I wanted to give you opinion. I grew up in a blue collar area. Well probably worse than a blue collar area. I was an average student in high school. I did the least amount of work to get a decent grade. I think I graduated wit...
by rhornback
Mon May 14, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4328

Re: keyless ignitions and carbon monoxide

I have had this happen where my wife 'accidentally' turned on the remote starter while the vehicle was in the garage. Luckily I heard it. I turned it off and opened the garage door. My neighbor leaves the garage door windows (I realize not every garage has a window) cracked because of this possibili...
by rhornback
Wed Apr 11, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

From a more global perspective, it is the perceived-high-ROI majors that are most likely to be evaluated with no concern for cost. Since universities do not do a la carte pricing or by-major pricing, students in many of those costly-to-provide majors are free riding, and universities focusing their...
by rhornback
Mon Apr 09, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

To OP, If your child is an avg student in HS, the likihood of them succeeding in an Ivy is extremely slim. Very rarely will one suddenly turn on a switch and start improving their study habits in upper education. It is much better for someone to enroll in the school that is their level where they c...
by rhornback
Mon Apr 09, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

Your numbers are WRONG. The medium starting salary at Booth Business School (UofC MBA program) in 2017 was $125,000 with a low of $65,000 and a high of $225,000. In addition, there was on average an additional $25,000 signing bonus. For the record, I have my MBA from Chicago and it is preposterous ...
by rhornback
Mon Apr 09, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

I'm confused. Can your son get into an Ivy? If he is an average student, his chances are slim unless you spend 2.5 mil on a library. If he can't get into Ivy in the first place, all this analysis is useless, no? I'm really wondering about this...I was a 4.3 GPA, 2350 SAT Asian kid that got shut out...
by rhornback
Mon Apr 09, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

I want to weight in on some of my experience associating with 'Ivy' league graduates. My experience is not all have had outstanding careers. I feel that the audience on this board is skewed towards those with Ivy league degrees who have done very well. 1. When I was 19 I interned at Micro Switch a d...
by rhornback
Mon Apr 09, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

Op weighing back in. I thought I would provide some specifics because to me this is more than a hypothetical question. I have a son who is 19. He is attending the local community college (which is a great deal IMO). At the end of this summer my son will have around 65 credit hours which means he wil...
by rhornback
Sat Apr 07, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

A problem with "university as a luxury good" is usually that students have no idea how much enjoyment they'll actually get out of it (i.e. they vastly overestimate it), and they will often end up regretting it when they have a ball and chain of debt. Unless you have a rich uncle, it's a dangerous g...
by rhornback
Sat Apr 07, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Re: Ivy school education. Is it worth it?

I have no problem people studying whatever they want. There are some who feel strongly about a liberal arts education. But I do think that this should be down with your eyes open though in terms of cost: loans, salary, and payback. And if you run the numbers and are OK with them then great. However,...
by rhornback
Sat Apr 07, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13250

Ivy school education. Is it worth it?

I live in an affluent area with many doctors, lawyers; movers and shakers. Many of their kids are going to ivy league level schools. Understandably their parents are very proud. My son on the other hand is an average student. So maybe I have an axe to grind. But regardless it is an interesting quest...
by rhornback
Sat Mar 03, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Boglehead business travelers - preferences
Replies: 23
Views: 2307

Re: Boglehead business travelers - preferences

Airline - Any major carrier. I feel safer on large jets that travel between cities (American, United, Delta) Car Rental - National (emerald isle) and avis (forget the name). You get to pick your own midsized car Hotel - Any marriot property. I usually stay at the discount properties which are staybr...
by rhornback
Thu Feb 22, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 9379

Re: Do you rent even if you can afford to buy?

I don’t, because I can’t easily rent the house/land I want, but I strongly recommend that my kids rent. They should not give up all the advantages of a rental just to have the albatross of a house around their necks, in the mistaken quest to do some “adulting.” I tell my kids that todays Corporate ...
by rhornback
Mon Feb 19, 2018 10:25 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 41932

Re: What frugal thing did you do today?

I had a tree fall in my yard. The tree service quoted me $900 to take it down and haul it away. I went to Menards and bought an electric chain saw for $70. I cut down the tree and chopped it into firewood. Took me 3 hours but I saved $830! I bought 3 shares of SPY! I would rent an electric chain sa...
by rhornback
Thu Feb 15, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 119
Views: 10901

Re: Honda vs. Toyota: Which has more bang for the buck?

If you do listen to music in your car more than casually, a CD does sound better (to my ears at least). But it's really inconvenient and ripping your CDs to a SanDisk Low Profile Cruzer thumbdrive (link is at bottom of this post) using a decently high bit-rate will give fine results. Try DBpoweramp...
by rhornback
Wed Feb 14, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 288
Views: 21014

Re: free dinner investing seminar

I used to attend timeshares. I would love to go to one of these, but I have no one go to with. My wife is to busy. I have this thought: if you give me an offer, lets say a free steak dinner for sitting through an hour presentation, and I take you up on it then I have every right to say no. And I alw...
by rhornback
Wed Feb 14, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 119
Views: 10901

Re: Honda vs. Toyota: Which has more bang for the buck?

I would look for which model has the new safety features: automatic collision detection and braking & lane departure standard. I believe most of the 2018 models have this. Personally I think this is a feature worth buying new vs used for. I have a Honda pilot and a Toyota sienna. The next vehicle I ...
by rhornback
Tue Feb 13, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12032

Re: Did you learn anything from the market correction?

I really only check my portfolio once a month. Though I did cheat when the market was done and I took a look. I think at that time I was done less than the market. The reason I check once a month is the performance tool on vanguard updates once a month! So I normally check it at the beginning of the...
by rhornback
Tue Feb 13, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 21270

Re: I bought a stock today - Redfin (RDFN)

Here are my 2 cents. First of off from what I read you are doing great saving for your age. Like others said, great job. Second, while I do not have the stomach for individual stocks I recognize that if you want to inject some nitro into your portfolio you have to take a risk. For example, if you ha...
by rhornback
Tue Feb 13, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Appliance repair: manufacturer authorized tech vs generic repairman?
Replies: 23
Views: 1166

Re: Appliance repair: manufacturer authorized tech vs generic repairman?

Washing machine have only so many parts, Fairly straightfoward. I would seek out a "generic" individual. https://www.youtube.com/watch?v=j8rnvvdJaDU Agreed. I fixed my own top load washer. Also my own gas dryer. I needed a pro for my front load washer. I could not figure out the problem on my own. ...
by rhornback
Tue Feb 13, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Appliance repair: manufacturer authorized tech vs generic repairman?
Replies: 23
Views: 1166

Re: Appliance repair: manufacturer authorized tech vs generic repairman?

I would go with reviews from google, yelp, homeadvisor, angieslist. Note that homeadvisor and angieslist charge the contractors for listing and yelp seems to have been abused. So a grain of salt is in order. Years ago I had sears home appliances come and I was disappointed. The guy who does my hv/ac...
by rhornback
Wed Feb 07, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: How to stop mail for former occupants?
Replies: 103
Views: 6156

Re: How to stop mail for former occupants?

This is a topic that hits home to me. It has been 2.5 years and I still get mail addressed to the former owner. I always take the time to put 'return to sender, addressee has moved' and put it back in the mail box. Hopefully the post office sends that mail back to the sender and they update their ma...
by rhornback
Tue Feb 06, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Comcast Modem Rental
Replies: 41
Views: 2862

Re: Comcast Modem Rental

I have my own telephony cable modem. It includes telephone and web access. So it costs more. I bought it because I HATE the idea of reoccurring costs. I think they sneak up on people. $10 a month doesn't sound like much until you have had it for 2 years and you are at $240. My modem is similar to th...
by rhornback
Tue Feb 06, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: S&P 500 1/2 2695; 2/5 2648
Replies: 7
Views: 773

Re: S&P 500 1/2 2695; 2/5 2648

Here is what I don't understand about your plan. Let's say the market does tank for 5 years. At the end of that time you will be 100% stock. Will that be a tolerable position for you? I figure if the market tanks for 5 years there will not be a safe haven asset class because the economy has gone bu...
by rhornback
Tue Feb 06, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Interest rate cycle and what to invest in
Replies: 3
Views: 438

Interest rate cycle and what to invest in

I remember reading one of my first books on investing when I was 23. Unfortunately I do not remember the author or the book title, but it was a best seller at the time. As point of comparison I am 49 now. Anyway the book provided a simple rule for investing: invest in different products based on int...
by rhornback
Tue Feb 06, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: S&P 500 1/2 2695; 2/5 2648
Replies: 7
Views: 773

S&P 500 1/2 2695; 2/5 2648

It is fun to watch my facebook feed the last few days. The sky is falling (or not). Agree with the person who commented about the mother of a child from school who has cancer. That made it a bad day. A good reminder on perspective. I was looking at my portfolio last night and I am still up for the y...
by rhornback
Sat Jan 06, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 41932

Re: What frugal thing did you do today?

This is yesterday but got an unsolicited mail from a charity with a dime and a penny affixed. Peeled those off and put them in my coin jar. There are some good posts here, but I'm still giggling over this one. I did the same thing today, I think I've done it a few times before. The solitication had...
by rhornback
Fri Jan 05, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 41932

Re: What frugal thing did you do today?

Nicolas wrote:
Thu Dec 28, 2017 6:30 pm
I walk around the house every few hours and turn off the lights in unoccupied rooms.
My too! I have teenagers. I do not think they know that the light-switch has an off setting as well as on.
by rhornback
Tue Dec 05, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 4M target. Taking money off table. Advice?
Replies: 120
Views: 20917

Re: Reached 4M target. Taking money off table. Advice?

You're thinking about this wrong - this is actually a good thing. Itemizing deductions means you miss out on the value of the standard deduction. So not having to itemize shifts the numbers even more in favor of paying down the mortgage. Interesting food for thought. I had not considered this. Than...
by rhornback
Sun Aug 27, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 8814

Re: School Redistricting - What should we do?

I have another point to add that I find so interesting it is funny. Where we went to grade school there were kids who were in advanced math and advanced English classes. These kids would go to the high school before normal school hours to get 'advanced training'. When I found out about this I said t...
by rhornback
Sun Aug 27, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 8814

Re: School Redistricting - What should we do?

I want to chime in some observations on my life. Two years ago I sold my house that I had lived in for 15 years. This was a new subdivision most of which was in a desirable school and a small portion that was not. What is interesting is when I sold in this subdivision the houses in the less desirabl...
by rhornback
Mon Jul 24, 2017 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Master bathroom remodel- what to spend?
Replies: 15
Views: 1982

Re: Master bathroom remodel- what to spend?

Have you considered a few items that might make your bathroom look dated that could be a quick update? For example 1. Pull the counter tops and put in granite 2. Change the fixtures if they are chrome to nickle finish (the faucet, the shower (if you can get it to fit), the towel racks, the lights (i...
by rhornback
Thu Jul 20, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 830

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

Here's my understanding. In the 25% tax bracket, sometimes a taxable bond will be better and sometimes a tax-exempt bond will do better. It changes with time, interest rates, and other stuff. You looked at 5 year returns, but if you look at the current SEC yield, the difference is not nearly as gre...
by rhornback
Thu Jul 20, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 830

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

You certainly don't want to use 5-year return as the input to a tax-adjusted analysis of tax-exempt versus taxable bond funds because that return includes capital changes, which if positive and realized are taxable in both funds. You want to use yield as a comparison. The SEC yields of the two fund...
by rhornback
Thu Jul 20, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 830

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

Bumping this topic as it is now 8 AM CST U.S. time. Thanks!

Thank you in advance for your advice.
by rhornback
Thu Jul 20, 2017 1:15 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 830

VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

Thank you for everyone's posts. I have enjoyed finding and reading this web site. I did search for this topic before posting. I have been moving some of my funds into bonds as I have read a lot about asset allocation on bogleheads. When I invest I generally look at 5 year returns. VWIUX (intermediat...
by rhornback
Fri Jul 14, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 8883

Re: 90:10 AA - what don't you believe about it?

One thing that I under emphasized in this discussion is the question about how much capital do you have. For example, for Warren Buffet. If he gives his wife 50 mil upon his death and them does a 90/10 split. That is 45 mil S&P 500 and 5 mil short term securities. The 5 mil is short term securities ...
by rhornback
Sun Jun 25, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Worth it to attempt repair on A/C condenser?
Replies: 33
Views: 3116

Re: Worth it to attemp repair on A/C condenser?

...Be careful - if the capacitor is working it will be charged and careless tinkering will discharge it, with potentially unfortunate results for adjacent electronic circuitry and humans. ... Very important point above, and just to emphasize, if the capacitor is working at all , even not well enoug...
by rhornback
Thu May 18, 2017 6:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1404576

Re: U.S. stocks in freefall

Tamalak wrote:I feel like, as with forest fires, it's healthy for stocks to have 10% dips on a regular basis to clear out the 'weak money'
+1 I am going to try to remember this.
by rhornback
Thu May 18, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1404576

Re: U.S. stocks in freefall

I've taught my wife to be a good Boglehead who stays the course and doesn't think about market turbulence. I told her that we lost about $60k today with the market decline. She said, "Good, that means we have a lot of money." Good way to think about it. Sounds like she's a smart lady. My wife basic...
by rhornback
Thu May 18, 2017 6:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1404576

I am a buyer at 10% decline

Yesterday the market (I look at the S&P 500) was down I believe around 1.8%.

I have some dry power and a 10 year time horizon. At 10% I am a buyer and every additional 5% down from there.

Here is hoping for an exciting week!

:beer
by rhornback
Tue May 16, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 3571

Re: Retirees afraid to spend? (Bloomberg)

It's a manifestation of the alternative gloom & doom facts that these folks see in their daily intake of media. Previous generations were blissfully unaware of unimportant noise and hysteria. +1 This does seems worse than when I grow up (or maybe I was not paying attention then). But yes my parents...
by rhornback
Mon May 08, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 8980

Re: Solid justification for including all stocks & NO bonds?

I sold all my bonds last week. I'm 95 stock and 5 cash. I could lost half and still live well. Remember I own the S&P, total stock, health fund, primecap and face book. 40+ years of investing I've seen it all. The only this is I'm putting my dividends into cash. I'm 64 I am in a similar situation. ...
by rhornback
Mon May 08, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 8980

Re: Solid justification for including all stocks & NO bonds?

I just wanted to jump in and say that I am following this thread with great interest. I'm a bit older, having just turned 50. I have a high paying job that many people can choose to do into their 60s or even 70s if they wish to do so. Many in my profession are able to do fractional levels of work, ...
by rhornback
Mon May 08, 2017 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 8980

Re: Solid justification for including all stocks & NO bonds?

I just wanted to jump in and say that I am following this thread with great interest. I'm a bit older, having just turned 50. I have a high paying job that many people can choose to do into their 60s or even 70s if they wish to do so. Many in my profession are able to do fractional levels of work, ...