Search found 657 matches

by steadyeddy
Tue Jan 16, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Engineering To Consulting Transition
Replies: 8
Views: 624

Re: Engineering To Consulting Transition

The word consultant is being misunderstood. He will have a regular paycheck as a W2 employee. His paycheck will not vary based on hours billed. There is a risk that the company will fold if there is no demand for their products, but that is universally true.
by steadyeddy
Thu Jan 11, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 101
Views: 8050

Re: Kodakcoin

New 'insane' ETF proposal for bitcoin generates worry on Wall Street Direxion wants to introduce 2X leveraged and inverse Bitcoin ETFs. I am... speechless. When 10% moves in 5 seconds just aren't enough action for you! :shock: Honestly! Why not just have people "invest" in coin flips, dice rolls, o...
by steadyeddy
Sat Dec 30, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: How did you guys do in 1966 - 1980?
Replies: 27
Views: 1836

Re: How did you guys do in 1966 - 1980?

columbia wrote:
Sat Dec 30, 2017 12:06 pm
My father is 81 and started investing with Vanguard in 1974. He sent 3 kids to college in the 80s from the proceeds, so I’d say he did pretty ok.
Yeah, but you could almost put three kids through college just by working at Burger King in the 80s! :P
by steadyeddy
Tue Dec 26, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should we downsize?
Replies: 42
Views: 3075

Re: Should we downsize?

I don’t understand why you built the house and finished the massive basement if you would be happy with a smaller, older home. I suspect you would not actually be happy with a smaller, older home. Just enjoy the home you have and it will be paid off soon enough.
by steadyeddy
Sun Dec 17, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 5820

Re: Financial Assistance to Adult Child (health insurance)

Tough decision due to a relatively low probability catastrophic risk weighing on the scales. The best thing is to cut her off...UNLESS she dies as a result. Regarding the basic living expenses she emailed. I would consider giving her a one-time cash gift, perhaps more than she even requested, with a...
by steadyeddy
Fri Dec 15, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350 - new vs. preowned
Replies: 29
Views: 2173

Re: Lexus RX 350 - new vs. preowned

Keep in mind only the newer models have pre-collision braking, lane keep, and other driver assist technology. Not having pre-collision braking was a deal-breaker for me when shopping recently. It could save a life.
by steadyeddy
Fri Dec 15, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6397

Re: State Farm Insurance, Time to Leave

I have state farm for 2 auto's and home insurance. I have noticed the auto insurance has been inching up every 6 months (we pay 6 months at a time). This seems a bit odd considering the cars are becoming less and less valuable. Should I get a rate decrease? Anyway I just renewed because I just don'...
by steadyeddy
Thu Dec 14, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: How to find a good realtor that negotiates well
Replies: 21
Views: 1412

How to find a good realtor that negotiates well

I’m planning to sell my current home and buy a new one in 2018. I would like to find a realtor that can competently negotiate both of these transactions. My last realtor was a people-pleaser, which made him good at handling me, but bad at negotiating with the other side. How do I go about finding a ...
by steadyeddy
Tue Dec 12, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6397

Re: State Farm Insurance, Time to Leave

Insurance is a product where everyone pays a different price based on a huge number of variables. It doesn’t make any sense to compare anecdotes on a forum, but it does make sense to get competitive quotes every one to three years.
by steadyeddy
Fri Dec 08, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 8568

Re: Jack Bogle Is Worried About U.S. Pensions

I am not worried. Pensions are so old-fashioned. Folks with 401(k)s and 403(b)s and IRAs aren't spending them down anyways. Unlike pensions, their heirs will benefit and probably won't spend down the 401(k)s and 403(b)s and IRAs either. In a generation or two, no one will have to work anymore becau...
by steadyeddy
Fri Dec 08, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: sharing cost of tree cutting
Replies: 31
Views: 1668

Re: sharing cost of tree cutting

If the tree is anywhere near due for a trim, by all means take the opportunity to do it as a discount! When the trimming inevitably fails to solve the leaves-in-pool problem, at least you can say you tried. You get a cheap tree trim and a happy neighbor. What’s not to like?
by steadyeddy
Tue Dec 05, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund
Replies: 36
Views: 3217

Re: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund

His portfolio may be appropriate for his risk tolerance. Better to stay the course at 20/80 than to take on more risk and sell at the bottom. If he had 100% of his portfolio in his checking account I would be more concerned, but 20/80 is a very reasonable allocation for a risk-averse individual.
by steadyeddy
Sun Dec 03, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Buy Warranty for Bosch Appliances?
Replies: 15
Views: 987

Re: Buy Warranty for Bosch Appliances?

So you can extend your one year warranty by four years for $440. If your home insurance agent offered you a $110/yr rider to fix your oven in the event of breakdown would you even consider it?
by steadyeddy
Sun Dec 03, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6948

Re: How to convince DW that high miles used car is OK

My experience is that, if your wife is against purchasing a higher mileage vehicle, the car you buy will be a lemon and prove her right. You do not want to bet against your wife.
by steadyeddy
Fri Dec 01, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Have you moved to ETF's? Why or why not?
Replies: 33
Views: 2530

Re: Have you moved to ETF's? Why or why not?

We have only tax-advantaged accounts, and own only mutual funds within them. If we ever need to buy equities in taxable accounts, I will use ETFs. Simplicity is the reason I would or would not use ETFs.
by steadyeddy
Sat Nov 25, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5456

Re: Etiquette question: going out to dinner with friends and how to split the bill

In my friend circles we almost always do separate checks, but people will order appetizers or bottles of wine on their check for the table if they’re feeling generous. It seems terrible to have the prospect of splitting a bill evenly keep you from ordering what you like and enjoying yourself. I’d sa...
by steadyeddy
Wed Nov 22, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: LED Lightbulbs - Recommended Brands
Replies: 48
Views: 3022

Re: LED Lightbulbs - Recommended Brands

VaR wrote:
Wed Nov 22, 2017 3:06 pm
For those experiencing shorter than expected life from LEDs, are your bulbs in enclosed fixtures?
No. Mine failed in open fixtures.
by steadyeddy
Wed Nov 22, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26823

Re: Why not take Social Security at 62

If I have zero real need for SS in retirement and it's a "bonus" that will just be tossed in the market, then I'll wait until 70 to minimize longevity risk. An 8% annual increase seems massive in this low rate environment, and a larger annuity will provide a lot of safety in old age. If I've been le...
by steadyeddy
Tue Nov 21, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12350

Re: Help DW gets fired, but then next day her boss offers her job back

Sounds to me like she has them over a barrel, so why would they think she’ll take a pay cut? Do they desperately need her or not?
by steadyeddy
Mon Nov 20, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: LED Lightbulbs - Recommended Brands
Replies: 48
Views: 3022

LED Lightbulbs - Recommended Brands

In the spring of 2015, I purchased a dozen CREE A19 lightbulbs for use in a few rooms of my home. One burned out in six months, three more within 18 months, and a fifth just burned out tonight. They have all been replaced free of charge under warranty, but I am unimpressed with them to say the least...
by steadyeddy
Mon Nov 20, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7185

Re: Tipping in living wage state. Redux.

In reality I disagree with our tipping culture in the US. How do you disagree with a culture? I think you can not like it or wish it were otherwise. Finding an actionable process to change a culture is a tall order. But we all changed from a 10% tip to a 20% tip over time. Can't we as a culture mak...
by steadyeddy
Mon Nov 20, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7185

Re: Tipping in living wage state. Redux.

My area doesn't have a separate tipped wage and just passed a $15/hr wage. In grad school, I served tables at an applebee-type restaurant and averaged just under $30/hr. I have several friends that continue to serve tables on the weekends in nicer places and report average hourly wages of around $60...
by steadyeddy
Sat Nov 18, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5432

Re: Where did you first learn about investing?

snarlyjack wrote:
Sat Nov 18, 2017 3:16 pm
I graduated with a B.S. degree in Finance from the U of M.

My studies in Finance & Economics were very interesting
to me. It all makes sense & I enjoy studying it. It's both
a art & science. The 8th wonder of the world is compounding.
Gophers or Wolverines?
by steadyeddy
Sat Nov 18, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5432

Re: Where did you first learn about investing?

My grandma gave me one share of stock and a book about investing for my 10th birthday. From then on, I would follow that stock’s price in the newspaper nearly every day. In college I discovered Motley Fool, where I learned a lot of important sounding nonsense. A couple years later I found Bogleheads...
by steadyeddy
Sat Nov 18, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 28
Views: 2005

Re: United change fees

I could be wrong about what transpired, but I think the standard transaction is that they credit you with the original cost of the ticket and they charge you the change fee and the cost of the changed ticket. The new ticket can easily cost more than the original ticket and a one-way could cost more...
by steadyeddy
Wed Nov 15, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4667

Re: Regrets after reaching retirement?

If bunch of rich, old Bogleheads tell you they regret not spending a bit more in their youth, please keep in mind that they are rich and old. The people who have been unlucky in their careers or lives probably aren't reading Bogleheads, so can't comment. And that's the unfortunate truth. Nobody know...
by steadyeddy
Tue Oct 31, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Interesting twist to "Free 2-day shipping" at Walmart
Replies: 49
Views: 5008

Re: Interesting twist to "Free 2-day shipping" at Walmart

In addition to it not being free, my experience with Walmart is that their two-day shipping often takes much longer and that they aren't very concerned about that. On the other hand, the "shipping" part is true. +1 Their “two-day” shipping has never taken less than six days to arrive to my door. I ...
by steadyeddy
Mon Oct 23, 2017 10:28 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 81
Views: 8878

Re: Building very high net worth

This is a very flawed way to determine what differentiates those with high net worth from those without. Most people who start businesses do not end up with high net worth, many end up with nothing - to give this as blanket advise to people is not wise. And if 8 figures is your target, there are ma...
by steadyeddy
Sun Oct 22, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 39
Views: 2978

Re: Installing a slide inside a home?

This quirky idea does not have broad appeal, so polling a large group like this is going to get you overwhelmingly negative responses. This doesn’t mean you can’t or shouldn’t do it. Just know most people will never see the appeal. I recently looked at a very expensive house for sale that had neon g...
by steadyeddy
Sat Oct 07, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 16811

Re: Bogle himself is saying we will expect like 3% for the next decades

I wouldn't mind the market taking a short breather. I'm in it for the long haul, so I'll just keep shoveling money in at better valuations than are available today.
by steadyeddy
Fri Oct 06, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2513

Re: Sell or keep shares of a private company?

It sounds to me like you're more interested in a potential home run than a definite double, and there's nothing wrong with that. Personally, I'd take the double and diversify. You can grow that buyout into something sizable with FAR less risk.
by steadyeddy
Thu Sep 21, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 65
Views: 9199

Re: 2018 Subaru Outback

Thanks for the input! I will definitely get Eyesight, as the safety features are one of the reasons I want a Subaru. Unfortunately I will be commuting in it a few days a week and I'm sure I'll miss my more fuel efficient sedan, but after a few years of obsessing about getting an Outback, I think I'...
by steadyeddy
Wed Sep 20, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: 2018 Outback Limited vs. 2017 CR-V EX-L
Replies: 48
Views: 4474

Re: 2018 Outback Limited vs. 2017 CR-V EX-L

Well, looks like neither has them except the Touring model. Price bumped up by almost $100/month. It's like getting to a used Audi Q5 territory. Looks like I will go with a Mazda CX-5 2017 for less since LED headlights are standard. Will miss the Android Auto but not the CVT. Life is full of rude a...
by steadyeddy
Sat Sep 16, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17685

Re: Who has needed to use their umbrella insurance?

Most of the responses assume any large lawsuit will be unjustified or frivolous. Imagine you are responsible for killing a young parent and paralyzing their child in an auto accident, but you wanted to save $200/yr and dropped your umbrella insurance. I wouldn't be able to live with myself.
by steadyeddy
Thu Sep 14, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 7258

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Speaking as a strong bitcoin skeptic , if I were into bitcoin I don't think I would see what's happened recently as a big deal. Anyone who bought bitcoin around the start of 2017 or before, if they sell today, has more than quadrupled their money, so fussing because "I coulda quintupled it!" seems ...
by steadyeddy
Tue Sep 12, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 5329

Re: China to ban petrol cars

China won't do anything brash. The move to efficient vehicles is best accomplished through a slow-moving target like the CAFE standards in the U.S. If China were to pass such a law, they would also need to build batteries in facilities that would dwarf the Tesla Gigafactory. I guess we can all watch...
by steadyeddy
Mon Sep 11, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancee has job offer from Investment Bank- I'm required to transfer brokerage accounts?
Replies: 11
Views: 2209

Re: Fiancee has job offer from Investment Bank- I'm required to transfer brokerage accounts!?

You'll need to work with the compliance department of her future employer to get specific answers to your questions. I can tell you this is a very common requirement among financial services employers to ensure their employees are not trading illegally (e.g. Insider trading, front running clients, e...
by steadyeddy
Wed Sep 06, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 4564

Re: Bought crypto currency

I found this BCG paper helpful for understanding blockchain, some potential applications, and its constraints: https://www.bcg.com/blockchain/thinking-outside-the-blocks.html It does seem to me like blockchain has the potential to disrupt the inefficient financial services industry, but A) the finan...
by steadyeddy
Tue Sep 05, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 27021

Re: Name something you had to have and now you regret purchasing it?

A Bose Soundtouch 300 soundbar. I agonized about going with the Bose or the Sonos, and eventually picked the Bose because it was newer with ARC support. Terrible, terrible decision. The phone remote app is awful (can't switch back and forth from Bluetooth to TV input using the app), the "integration...
by steadyeddy
Mon Sep 04, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 65
Views: 9199

Re: 2018 Subaru Outback

We just bought a 2018 Outback Limited 2.5 and it's been great for the last three weeks and 400 miles we've had it. We cross-shopped against Forester, CR-V, RAV4, and used RX 350's. The Outback came out on top for us, but it was a virtual toss up with the 2017 CR-V. Let me know if you have any specif...
by steadyeddy
Fri Sep 01, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"
Replies: 30
Views: 5202

Re: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"

You had better believe every Ether trader just put in a standing buy order at $0.10. But it will never happen again.



The next one will be down to $0.11.
by steadyeddy
Fri Sep 01, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 8184

Re: Would you let your teenager spend all his savings on a gaming computer?

I am a big proponent of letting young people have some autonomy and learn from experience. My concern would be allowing too much instant gratification/impulse purchases. A purchase that has been planned for a full year doesn't raise any of those alarms.
by steadyeddy
Wed Aug 30, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: End of month; buying car and need to sell using Craigslist
Replies: 13
Views: 1310

Re: End of month; buying car and need to sell using Craigslist

I just did this (not in NY), so I'll tell you what I found. Obviously YMMV. I bought the new car before selling the old. I didn't want to be without a car. My insurance covered both the old and new vehicles (for the price of just covering the new one) for up to 30 days after the new car was purchase...
by steadyeddy
Mon Aug 14, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: It's easy to have an investment plan until you get punched in the face
Replies: 53
Views: 7498

Re: It's easy to have an investment plan until you get punched in the face

It's easier to deal with getting punched in the face when you have an investment plan.
by steadyeddy
Sat Aug 12, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 17
Views: 2182

Re: Redfin

I agree with much of the above. They set out to disrupt the market, but very quickly raised fees and became an also-ran. Love the website, but don't know that I would use them as a buyer or seller. And the market certainly needs to be disrupted. I can easily get all the information I need to price m...
by steadyeddy
Wed Aug 09, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Twins on the way = Life insurance questions
Replies: 22
Views: 1274

Re: Twins on the way = Life insurance questions

You might want to consider more than 1 million coverage. Over time, inflation will eat away at the value of that million. You will have two children to raise, and presumably send to college. One of you may want to be a stay at home parent. It is also possible that you may have additional children, ...
by steadyeddy
Tue Aug 08, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4830

Re: Deja Vu.. are there too many houses for sale?

Same story here; not enough inventory. House prices seem frothy to me, but with 30% of sales done for all cash, it doesn't look like a bubble. I guess I need to re-anchor on higher prices! :)
by steadyeddy
Tue Aug 08, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Question for Buick Verano (non turbo) or Mazda3 owners
Replies: 35
Views: 2102

Re: Question for Buick Verano (non turbo) or Mazda3 owners

I have driven a 2006 Mazda3 S with a stickshift for the last eight years. It is a fantastic, compact car. Reliability has been spotless for me, and they've only gotten better.
by steadyeddy
Sat Aug 05, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 8244

Re: Study: Who Sold Stock During the 2008-9 Crash?

My hypothesis is that UHNW investors are more likely to outsource investment management to a large bank or family office, and those asset managers are more likely to follow an active strategy to justify their fees. Just a shot in the dark.
by steadyeddy
Sat Aug 05, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 7003

Re: Delta priority boarding - first timer

I recently flew from Minneapolis to Detroit on Delta. Both cities are big Delta hubs, so 80% of the plane was "elite" and 19% of the rest were in zone 1. It was comical.