Search found 126 matches

by sschoe2
Tue Oct 17, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 6894

Re: Vanguard expects "decent sized correction" soon

http://www.marketwatch.com/story/vanguards-boss-has-a-warning-for-a-market-thats-hellbent-on-dow-23000-2017-10-17 “We expect there could be a decent-sized correction at some point,” says Bill McNabb, chairman of Vanguard, which manages $4.5 trillion in funds worldwide, in reference to the record ru...
by sschoe2
Tue Oct 17, 2017 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 1557

Re: Alternative to Vanguard PAS (dreadful service)

Why would you need PAS? I'd just go to an hourly fee based financial planner once or maybe once every few years to setup a plan for you then just implement and maintain it yourself.
by sschoe2
Mon Oct 16, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 124
Views: 6346

Re: What are you driving? And would you buy your current ride again?

2009 Honda Fit base. I'd buy it again I might fork over the extra for the sport. I sometimes miss not having cruise control. The only downsides are -dents, chips, and scratches very easily -A/C sucks had to replace compressor -Transmission delicate but no major problems -seats can get uncomfortable ...
by sschoe2
Mon Oct 16, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 6882

Re: How many miles/years do you keep your car?

I keep mine until it becomes more and more clear they are a money pit, they keep having more and more frequent and expensive problems and are no longer reliable nor cost effective to keep. My Fit is 8 years 97k miles and I expect to get another 5 years at least of of it. It has a fair amount of cosm...
by sschoe2
Mon Oct 16, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: Opinions on bicycle disc brakes?
Replies: 26
Views: 1524

Re: Opinions on bicycle disc brakes?

I have problems with squealing V-brakes on the front as well. My only solution was to put a brake booster on which is a horseshoe shaped piece of metal that goes in front of the brakes. That finally shut them up. I have Avid single digits on my touring bike and Deore on my mountain. Disk brakes are ...
by sschoe2
Mon Oct 16, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 52
Views: 3203

Re: Negotiating for a new car purchase

This was back in 2009 for me but I was looking for either a Honda Fit or Hyundai Elantra. The Hyundai place really bleeped me around tried convincing me the radio was extra part of a "popular electronics package." Seriously? I got online quotes for my Fit from 3 local dealers and the one in town mat...
by sschoe2
Sat Oct 14, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: 2018 Honda Accord
Replies: 54
Views: 5352

Re: 2018 Honda Accord

Honda has a bad history with uncomfortable seats. It is a problem on some of the Fits as well. My 09 is terrible. I've never had a car that was quite literally a pain in the butt. Keep in mind I am an avid road cyclist who rides 100 miles on racing saddles without discomfort. After an hour or so it ...
by sschoe2
Tue Sep 12, 2017 8:06 am
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 175
Views: 15692

Re: Microsoft, I want my computer back!

I have Linux Mint and a small separate partition and boot option for Windows 10. I practically never use windows 10. The only time I use it is when using ODIN to update my Android tablet (I use custom ROMS on my Samsung Galaxy Tab S 10.5 because Samsung never releases OS updates or by the time they ...
by sschoe2
Thu Sep 07, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Places to see in Chicago
Replies: 45
Views: 2959

Re: Places to see in Chicago

Get a bicycle Divy or bring your own if possible. Check out the food. Pizza, China Town, a ride down the Lake Shore Bike Path from the North Side through the loop to the Museum of Science and Industry on the South Side. Bike up the North Branch Trail to the Chicago Botanic Gardens (or take Metra). B...
by sschoe2
Wed Aug 30, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7363

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

I'm not sure I could retire at all with NO property taxes. That would imply no fire or ambulance service, no road maintenance, no police or sheriff; all things I'm not willing to live without. Local property definitely has lots of variation, in rates, services, exemptions, etc. It is just one facto...
by sschoe2
Wed Aug 30, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7363

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

Most tax entities grant homestead and senior citizen exceptions that will reduce your tax burden. You need to look at all taxes. Your question would be like asking how much earlier you could retire if you didn't have to pay for potatoes, but you still ate rice. My mother gets that. It gives her $50...
by sschoe2
Mon Aug 28, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Self insure vs Medigap when on "traditional" Medicare
Replies: 73
Views: 4799

Re: Self insure vs Medigap when on "traditional" Medicare

My mother recently had a stroke and is up on nearly 3 months in the hospital. If she didn't have a medicare supplemental insurance her savings would be gone. She would have had to pay tens of thousands.
by sschoe2
Thu Aug 24, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Photobucket - disappearing images and $$$ - has it affected you?
Replies: 28
Views: 2561

Re: Photobucket - disappearing images and $$$ - has it affected you?

It is awful. There are so many DIY auto maintenance posts on various auto forums with great illustrative pictures that are now dead due to PB.
by sschoe2
Tue Aug 22, 2017 6:11 am
Forum: Personal Consumer Issues
Topic: animal stuck in dryer vent?
Replies: 27
Views: 2664

Re: animal stuck in dryer vent?

I would just replace the vent tubing. I don't believe it is very expensive. As other have said get the vent end with the cage on it.
by sschoe2
Mon Aug 21, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: My girlfriend and her 401K, need to give her advice
Replies: 61
Views: 5112

Re: My girlfriend and her 401K, need to give her advice

I agree she should contribute as much as possible into an aggressive growth portfolio but that won't do it. You can't plant a bunch of saplings and expect it to become a forest in a few years. There is really no solution for her and the many other people who did not save adequately or appropriately ...
by sschoe2
Mon Aug 21, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: My girlfriend and her 401K, need to give her advice
Replies: 61
Views: 5112

Re: My girlfriend and her 401K, need to give her advice

Sometimes you are just bleeped.

Her only option is to put it in the stock market now plan to work through old age at least part time to supplement social security and possibly live in a very low COL area or possibly expatriate. You can't correct 30 years of bad investment strategy in a few years.
by sschoe2
Fri Aug 18, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 8455

Re: Little P**S Ants

There's no reason to cause them harm. They don't hurt anything, they don't carry diseases that can affect humans, and they clean up crumbs that might attract roaches. They are also interesting to watch. Keep your house free of food sources and they won't be so noticeable. They also don't pay rent.
by sschoe2
Fri Aug 18, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 7226

Re: DUI lawyer - need advice

First let me say I hate drunk drivers. I am an avid bicyclist and a lot of cyclists have been maimed and killed by drunk drivers. I believe I heard on TV [and it is widely advertised to discourage DUI especially in this age where Uber/Lyft/Taxi are a click away] that the average DUI winds up costing...
by sschoe2
Thu Aug 17, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1808

Re: what % of international stock

Vanguard is very bullish at 40% of equities in Total Intenational Stock Index in their target date funds By what definition is 40% international bullish? If they were "neutral" on a market cap weighted basis they'd have something like 47% international and 53% US stocks. I'd say "bullish" would be ...
by sschoe2
Thu Aug 17, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 3122

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

How do they propose to stop index trackers? Even if they ban index funds there is nothing stopping me from doing what Mr. Monkey did and randomly pick stocks.
by sschoe2
Wed Aug 16, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1808

Re: what % of international stock

Jack Bogle says none you get enough from Fortune 500's international revenues
Vanguard is very bullish at 40% of equities in Total Intenational Stock Index in their target date funds
Bob Brinker says up to 20%

I tend to be in the middle with Brinker at 20%.
by sschoe2
Tue Aug 15, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: ETFs for Roth account?
Replies: 6
Views: 507

Re: ETFs for Roth account?

I just started a roth with $3k and chose the ETF VTI (Total Stock Market Index) because it has the same expense ratio as the Admiral shares VTSAX.
by sschoe2
Mon Aug 07, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Love your family car? Under $16,000 Used? Please share!
Replies: 39
Views: 4479

Re: Love your family car? Under $16,000? Please share!

1) I don't know CA laws in particular, but I doubt you can easily avoid sales tax by buying across the state line. It's conceivable, but don't get your hopes up. Nope the minute you try to register it you will need to provide information on the sale price and either pay or give a receipt that you d...
by sschoe2
Thu Aug 03, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 6873

Re: Losing confidence in Ally Bank - what would you do

I also use Alliant Credit Union for my primary emergency fund ($10k savings) and one credit card. I am very pleased with them. I tried doing business with Ally back in 2009 when it was GMAC bank. I had just moved and despite my full cooperation they had such a hard time dealing with that fact that t...
by sschoe2
Wed Aug 02, 2017 8:11 am
Forum: Investing - Theory, News & General
Topic: How can VTMSX be tax efficient with 7% Real Estate
Replies: 8
Views: 923

How can VTMSX be tax efficient with 7% Real Estate

Hi all I have a question

I have Vanguard Tax Managed Small Cap Index (VTMSX) in my taxable portfolio. It is listed as 6.8% real estate which I assume are REITs. How can something with REITs be tax efficient?
by sschoe2
Tue Aug 01, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 3230

Re: Say Bye Bye To Wells Fargo Advisors?

It will probably blow over for Wells Fargo after it fades from the news cycles. Just like United who had a paying customer beaten and dragged from its plane to make room for an employee, killed a cute fluffy bunny rabbit, and of course breaks guitars. These moral outrages have short shelf-lives. As ...
by sschoe2
Tue Aug 01, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 3230

Re: Say Bye Bye To Wells Fargo Advisors?

I have my 401k at WF in Target 2045. The fees are reasonable about $80 a year in admin. I rather have it in Vanguard as then I could get Admiral Funds rather than the Target Retirement Funds. The company I work for hasn't had any issues with the brokerage arm of their company. All the problems have ...
by sschoe2
Mon Jul 31, 2017 6:24 am
Forum: Investing - Theory, News & General
Topic: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"
Replies: 37
Views: 4585

Re: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"

Finally, that makes sense. So this is just a function of Vanguard's cost structure and costs incurred. I suspect that most of the investors who are attracted to the TR and LS funds do not have adequate balances to buy admiral shares in multiple funds. If they did, I suspect that's the route they'd ...
by sschoe2
Fri Jul 28, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?
Replies: 6
Views: 450

Re: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?

In that case I might as well just keep the Vfsux in taxable as my emergency fund. I might as well just continue my same asset allocation as taxable and look into the mega.
by sschoe2
Fri Jul 28, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?
Replies: 6
Views: 450

Re: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?

I believe vanguard requires 10 k to purchase admiral shares, and looks at your total account value to determine your account status, i.e. Voyager, flagship etc. VFSUX is $50k for admiral I currently have admiral but I am wondering if it would still be admiral if I had 44.5 in taxable and 5.5 in Rot...
by sschoe2
Fri Jul 28, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?
Replies: 6
Views: 450

Starting Roth IRA at Vanguard. Can I transfer funds from taxable?

I am ready to start a roth IRA at vanguard. I am maxing out a traditional 401k at work at Wells Fargo with Vanguard Target 2045. I am also investigating doing a mega backdoor. I am not sure what I should put in it. The natural choice is the short term bonds. However, those are kind of my secondary e...
by sschoe2
Thu Jul 27, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

Also frankly the city has nothing for me and I would not want to live there. I'd want to live closer to work or further away from the city... Bottom line in a state where the govt acts more like a crime syndicate that taxes people out of their homes for the benefit of the people in the govt I just ...
by sschoe2
Thu Jul 27, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

This is a tough question to give general answers to. You provide some hints as to your circumstances (marital status, children, occupation, etc.) and the factors you consider important, but a lot has to be assumed. single no children nor plans to have any occupation: Analytical Chemist in specializ...
by sschoe2
Thu Jul 27, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

Taxes on even a modest home can be $10k per year. At $10k per year in Chicago, the house would be around $800k. Perhaps this is the suburbs, which I believe generally have higher tax burdens than Cook County. If you are looking out in a collar county, come on in closer! Chicago itself does indeed h...
by sschoe2
Mon Jul 24, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: State Farm vs Penn National- auto, renters, umbrella?
Replies: 58
Views: 5857

Re: Why does State Farm have poor reviews?

Never had too big of an issue with them. A few small claims over the years for minor other person at fault fender benders <$2k. Only issue is they don't put much effort collecting from the other party for such small amounts so you don't get your deductible back.
by sschoe2
Fri Jul 21, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

If a few thousand dollars in property taxes is what moves the purchase from being worth it to not worth than it was probably too marginal a benefit to take on the risks of ownership anyway. If a percent or so moves the decision from active management to passive index funds it probably isn't worth t...
by sschoe2
Mon Jul 17, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

yes I've seriously thought about leaving the state but finding a comparable job is not likely for myself. How do you know that? Are you tied directly into the Chicago mob or something? Very few jobs exist in one locality only. I have looked at other jobs in my profession. Most pay 30-50% less they ...
by sschoe2
Mon Jul 17, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

Property taxes aren't by state, though; I live in Illinois and pay less than half of that. I suspect you're looking at Chicago city and burbs there. Yes my job is in the west suburbs of Chicago. The trouble is the state pays very little to the schools or any other unit of local govt so that all com...
by sschoe2
Mon Jul 17, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Re: Is it still worth buying a house in a state with insane property taxes

It's not like landlords are providing a charity and paying property taxes for you out of the goodness of their hearts. You are paying property taxes whether you rent or own. When you own the house, at least you get a line item bill that you can take as a tax deduction. Yes but if you get an apartme...
by sschoe2
Mon Jul 17, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9781

Is it still worth buying a house in a state with insane property taxes

The title kind of says it all. I currently rent from family in Illinois who I help take care of. The taxes here seem so out of control and insane that it seems to me as not to be worth it to purchase a home here. Taxes on even a modest home can be $10k per year in addition to mortgage interest, main...
by sschoe2
Mon Jul 17, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 4953

Re: Why Not REIT's?

Reit payouts are very low compared to historical, e-commerce is killing a lot of malls, and mall visits are down even in some of the very popular ones. Reits just became the 11th sector in the Global Industry Classification System (S&P and MSCI joint venture) testifying that they are not an undisco...
by sschoe2
Wed Jul 12, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 5074

Re: My first poor Ally Bank experience

Way back in 2009 when they were GMAC bank I tried opening an account. I had just moved and they apparently had such trouble dealing with that fact despite my full cooperation that they finally just denied me a new account. I decided I didn't want those buffoons handing my money and never tried again...
by sschoe2
Wed Jul 12, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 7435

Re: Shopping for first bike since I was a kid

My wife is bothered by vibration through the handle bars and consistently found the bikes with carbon fiber front forks to be more comfortable. Don't know how much of a difference it makes in the long run if you ride a lot. I personally hardly noticed the difference. Interesting. How about these sh...
by sschoe2
Tue Jul 11, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 7435

Re: Shopping for first bike since I was a kid

What is wrong with $99 - $200 bikes at target , Walmart or Kmart? I've been buying those my whole life and no issues with them. As someone who rides 100 miles rides and is a member of two bike clubs I'll bite. Department store bikes -made of cheap heavy steel. -One size fits all Fit is important. -...
by sschoe2
Tue Jul 11, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Coyote control
Replies: 66
Views: 4741

Re: Coyote control

Most mammals can be repelled using home made pepper spray which you can make out of hot peppers, oil, and dish detergent. I work in flavors so I just got some old capsicum oleoresin mixed it with canola oil, water and dish detergent, put it in a spray bottle. It worked great at getting rid of some s...
by sschoe2
Tue Jul 11, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: SPDR vs Vanguard ETF's
Replies: 7
Views: 609

Re: SPDR vs Vanguard ETF's

looking at portfolio backtester between VOO and SPY almost nothing. There is a .06% difference favoring VOO over 7 years perhaps from previous expense ratio differences. If you are holding it in a taxable account you might look at tax efficiency.
by sschoe2
Mon Jul 10, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: Cheap TV Set-up for Limited Daily Use
Replies: 71
Views: 5254

Re: Cheap TV Set-up for Limited Daily Use

I got a tuner for my large computer monitor. I don't watch much TV this way I have dual purpose and save space, electricity and money. I use HDhomerun but there are a a lot of decent tuners out there. The HDHomerun can network the TV everywhere via wifi.
by sschoe2
Sun Jul 09, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4935

Re: Dave Ramsey's advice on investing?

It has all been said. He gives great personal finance advice but a lot of people don't care at all for his investment advice, including myself. He pushes advisors that make money selling you front loaded funds. I don't think his personal finance advice is good. He preaches extreme debt aversion ins...
by sschoe2
Sun Jul 09, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4935

Re: Dave Ramsey's advice on investing?

It has all been said. He gives great personal finance advice but a lot of people don't care at all for his investment advice, including myself. He pushes advisors that make money selling you front loaded funds.
by sschoe2
Sat Jul 08, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 7226

Re: How much of an increase of salary would you expect before switching jobs?

If I could just get an equivalent job in terms of hour, salary, and benefits in another state I would go for it. I can't stand Illinois. Unfortunately that is unlikely so I am staying put for now and planning the get the heck out when I retire.