Search found 787 matches

by finite_difference
Sun Feb 18, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6389

Re: How to get child's skin in the game for college?

Think about what your parents did for you. Think about what you would want your daughter to do for her kids. Think about how you are different from, and the same as, your daughter. That may help in your decision. My parents did a lot for me and I was fortunate enough to reciprocate the gesture by p...
by finite_difference
Sun Feb 18, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 22
Views: 1858

Re: How to advise a parent

Thank you all for the thoughtful responses...truly appreciated. I have read the If You Can article and actually have it saved...just thought that was geared more toward the younger investor, but I am sure there are good bits of information in there that would be applicable to my mother. She is in h...
by finite_difference
Fri Feb 16, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6389

Re: How to get child's skin in the game for college?

Think about what your parents did for you.

Think about what you would want your daughter to do for her kids.

Think about how you are different from, and the same as, your daughter.

That may help in your decision.
by finite_difference
Wed Feb 14, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 6481

Re: PSA: Bank of America now charges $12/month for checking

I have been happy with BoA for their technology (ATMs, Mobile App, and website/bill pay). And their customer service has always been good to me. They’ve waived fees for me every time (always was a first time/one time thing.) But if they start charging me fees I’ll consider moving to Ally. Al of BoA’...
by finite_difference
Wed Feb 14, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 6481

Re: PSA: Bank of America now charges $12/month for checking

Jack FFR1846 wrote:
Wed Feb 14, 2018 1:55 pm
There's a reason why BoA's nick name is "the Evil Empire".

(cue Darth Vader music)
I thought Wells Fargo took over that role :twisted:
by finite_difference
Tue Feb 13, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2493

Re: Help me help my niece (College costs, financial aid, etc)

If she studies something “useful”, that is something that prepares you for a decent job (that pays decently and is in demand), then $20k/year would be worth it. Otherwise I think she needs some help from her Aunt/Uncle, who as a Bogleheads, is likely able to afford this school ;) But I don’t see how...
by finite_difference
Sat Feb 10, 2018 7:03 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 3385

Re: Does Anyone Knows Anything?

I read this somewhere, liked it, and thought it might fit in here: When you get a Bachelor's degree you think you know everything. When you get a Master's degree you realize you don't know anything but you think someone else does. When you get a Doctoral degree you realize nobody knows anything. Al...
by finite_difference
Sat Feb 10, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 3385

Re: Does Anyone Know Anything?

When the Internet was relatively young, we had a perfect term for an individual who was new and therefore didn’t know anything: they were a “newbie” or, more succinctly, a noob. “I saw it on the Internet, so it must be true,” thinks the noob. Of course, those of us who aren’t noobs know how to use t...
by finite_difference
Sat Feb 10, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: Google account stolen and I can't recover
Replies: 13
Views: 1494

Re: Google account stolen and I can't recover

The account may be lost forever if you can’t recover by answering the questions. From the google help forum: . ...the provided process works for most people to recover their account. Some receive the message “Google couldn’t verify...” meaning that the information Google has (including the question...
by finite_difference
Fri Feb 09, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: What do to following a Trojan horse clean-up?
Replies: 6
Views: 750

Re: What do to following a Trojan horse clean-up?

I think it depends on the virus, at least on Windows. When I got infected last year I did a complete reinstall. Probably overkill, but better safe than hacked. ^ the correct answer, also know as “nuke it from orbit”. Once infected, you are pretty much screwed. Make sure you reinstall from scratch, ...
by finite_difference
Wed Feb 07, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13311

Re: Financial Hole

Joe- As I read through some of these posts, THIS is what came to mind. It sounds like for where you live you are doing your best. Yes, you could reduce a few expenses here and there. It seems like a BIG move to a LCOL area with better employment options might be best. Also if you could live with a ...
by finite_difference
Sun Feb 04, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best rule of thumb for determining home affordability?
Replies: 54
Views: 2364

Re: Best rule of thumb for determining home affordability?

My rule of thumb is easy to apply: PITI should be less than 1/3 of your net income after: taxes and saving at least 15% gross for retirement (401k and/or Roth IRA). The 15% figure should be modified upwards based on how much you think you need to successfully retire at your desired age. So if your t...
by finite_difference
Sun Feb 04, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Why do many bogleheads feel they can time the housing market but can't time the stock market?
Replies: 63
Views: 4591

Re: Why do many bogleheads feel they can time the housing market but can't time the stock market?

I have not heard Bogleheads making this claim.

If anything it’s the other extreme, that housing isn’t even considered an asset, and isn’t included in retirement calculations.
by finite_difference
Sun Feb 04, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Tips on Buying a Class-B RV
Replies: 104
Views: 7503

Re: Tips on Buying a Class-B RV

Or you could buy a Honda Odyssey and a nice tent and sleeping bags, and have $100,000 left over to spend on AirBNB and camp fees ;) That’s 1,000 nights at $100 per night, or 2.7 solid years on the road.
by finite_difference
Sun Feb 04, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13311

Re: Financial Hole

Payday loans are a good way to send yourself rocketing to the poorhouse. Watch this video to learn how expensive they really are. I would start by getting a second job and slashing expenses. You would be surprised what you could cut if you are determined enough. Once you stop the hemorrhaging, star...
by finite_difference
Sat Feb 03, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12644

Re: Starting to feel like the late 1990s?

I think it is important to read pieces written by people that you disagree with. I would read Paul Krugman if his articles were more objective and frankly more humble. I am sure he is a thoughtful and intelligent guy but he has gotten to the point where he just dismisses those who disagree with him...
by finite_difference
Thu Feb 01, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: Choosing which room to sleep in
Replies: 48
Views: 5034

Re: Choosing which room to sleep in

People often say on this board, happy wife happy life. And it seems to be true (I am a wife). I don’t know if betting is allowed, but I’d bet ten bucks no matter what she decides, she’s gonna change her mind. You just gotta roll with it. :wink: And every time I see that patronizing sexism, I have t...
by finite_difference
Thu Feb 01, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Finally going to invest, brother is FA
Replies: 89
Views: 6550

Re: Finally going to invest, brother is FA

Run, do not walk, away from Edward Jones.

If your brother needs help, recommend giving him a gift of money and help finding a new job.
by finite_difference
Wed Jan 31, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 2588

Re: Buy a new car or not?

With your ~$500k income, you can do whatever you want. It’s not a financial decision. If you like the GTI you can afford to keep repairing it, and it will likely take some time before you get $50k in repair bills. If you want a BMW 3 GT, trade in for that. Costs aside, the BMW 3 GT is definitely bet...
by finite_difference
Sun Jan 28, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6806

Re: Wisdom of Bitcoin

Being able to transfer money to any point on the planet with an Internet connection with out censorship. For a fee of $40. And as of 2018 it's not really accurate to call it "money" because of the great difficulty in using Bitcoin for transactions. All of the momentum of "so-and-so accepts Bitcoin,...
by finite_difference
Thu Jan 25, 2018 7:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4092

Re: Happy Birthday, Taylor!

Happy birthday Taylor!

Thank you, thank you, thank you.
by finite_difference
Thu Jan 25, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Massive Muni defaults?
Replies: 9
Views: 1133

Re: Massive Muni defaults?

This article makes some pretty substantial claims. Does anyone know how to verify these claims? https://www.forbes.com/sites/investor/2018/01/24/the-outlook-for-municipal-bonds/#1ab4986d5cc4 Well I agree that Puerto Rico is screwed, because it’s not a state and therefore has no real representation ...
by finite_difference
Thu Jan 25, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16242

Re: Dear wife quits job and now we are down to 1 income

Things I would temporarily get rid of if I were in your position: Cable Alarm Lunch/take-out/restaurant costs Cut back on groceries Netflix Gym Landscaper All subscriptions Since your wife is now unemployed, your gas bill should be reduced as well. So your plan is for OP is going to work all day, e...
by finite_difference
Wed Jan 24, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan to Change I Fund Index
Replies: 14
Views: 2329

Re: Thrift Savings Plan to Change I Fund Index

The switch to MSCI AWCI ex-US IMI looks great. Here’s a nice thread detailing the differences between intl indices including VTIAX: https://www.bogleheads.org/forum/viewtopic.php?t=202729 To quote “selters” from that thread:https://www.bogleheads.org/forum/viewtopic.php?t=202729#p3107755 Post Sun No...
by finite_difference
Tue Jan 23, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 6624

Re: Individual Stocks That Went Bust

Two stocks I bought during the 2008 financial crisis went to 0 and I lost it all: * Ambac * HSBC (I think, need to check this one.) See also: https://en.m.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession I don't know if Ambac actually went bust, but the bailout dil...
by finite_difference
Sun Jan 21, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 5370

Re: Discussing a 529 with your kids

When kids have "skin in the game" they don't cut class casually or put up with professors who love to tell stories rather than teach or are poor teachers. Once they've calculated how hard they had to work for each hour of class it had more value. They are also less inclined to go on the 5 year prog...
by finite_difference
Sun Jan 21, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 5370

Re: Discussing a 529 with your kids

My parents funded 100% of my education. So it’s only fair that I pay it forward. In fact, I personally don’t believe you should have kids if you aren’t prepared to more or less sacrifice everything for them. That’s basically what my parents did for me. “Kids first”, if you will. But I fully realize ...
by finite_difference
Sun Jan 21, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 44
Views: 4005

Re: I need a better online checking w billpay and mobile check deposit

arsenalfan wrote:
Tue Oct 10, 2017 9:40 pm
I use BoA. Works great.
My monthly mobile deposit limit is $50k. Daily limit is same.
Maybe call and see why you’re is $5k.
+1. BoA has great BillPay, a great Mobile App, and great ATMs. Customer service is OK. I think the maximum single mobile deposit limit is $10k though?
by finite_difference
Sun Jan 21, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: What's a good file sync software?
Replies: 14
Views: 959

Re: What's a good file sync software?

Windows 10 has a good built in file backup software suite. Just go to Control Panel and then to Systems and Security and then to Backup. Then follow the prompts. I have used it fro 2 years or so. It works with the file modification date and puts the latest version on your backup disk/drive. Good Lu...
by finite_difference
Sun Jan 21, 2018 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5929

Re: Should I buy a business or suck it up at a job(s) with a pension.

I was where you are mentally and emotionally 8 years before retiring. I am so glad I hung in there. My spouse and I now have Federal BCBS for life for a low monthly premium. I worked on improving my attitude and worked toward being fully engaged in my tasks. I also started using vacation time for l...
by finite_difference
Sat Jan 20, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 10109

Re: likely date for a bitcoin crash: does this make sense to you?

nisiprius: one thing you can use digital currency for is to buy used things from individuals online, or to donate money to others. Digital currency makes transfers between accounts really easy. Currently buying something from someone else online requires using PayPal, which has its own issues. And h...
by finite_difference
Thu Jan 18, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7686

Re: Short Commute or Nicer House?

Short commute. Do some searching on this in the human psychology field. Commutes are one of the only statistically significant factors in long-term happiness, of course in the negative direction. People think that the bigger/nicer house will be worth the commute and often make that choice but you m...
by finite_difference
Sat Jan 13, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: wireless dead again - router suggestions?
Replies: 35
Views: 1796

Re: wireless dead again - router suggestions?

Linksys WRT54GL w/ DD-WRT or Tomato firmware. Run Ethernet cable if you need to extend your reach. The wireless bridge mode also works quite well. Any recommendations for a Cisco wireless router that can be gotten relatively inexpensively? That would be the next step up in my opinion. Not sure if th...
by finite_difference
Sat Jan 06, 2018 1:39 am
Forum: Investing - Theory, News & General
Topic: So ambitious w/ money but so risk-averse
Replies: 31
Views: 3157

Re: So ambitious w/ money but so risk-averse

Thanks all for the reply. And also for editing the misspell! I'm of course biased. I disagree with the lack of ambition. I could write multiple paragraphs to argue but that'd be pretty unproductive to this discussion. To be brutally honest, I probably had too much of an influence during my younger ...
by finite_difference
Fri Jan 05, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: How Many Stocks Are Really Needed in Index Funds?
Replies: 52
Views: 3171

Re: How Many Stocks Are Really Needed in Index Funds?

Long term, looks like Total Market beats S&P 500 by about 0.5%. While past performance is no guarantee of future results, the additional small cap exposure and diversification provided by the Total Market Fund may lead to some advantages.

~50 basis points is nothing to sneeze at :)
by finite_difference
Tue Jan 02, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 6624

Re: Individual Stocks That Went Bust

saltycaper wrote:
Sat Dec 30, 2017 6:50 pm
quantAndHold wrote:
Sat Dec 30, 2017 6:43 pm
CppCoder wrote:
Sat Dec 30, 2017 6:18 pm
  • Sun acquired by Oracle in 2010 for $5.6B
Heh. At the height of the tech boom, the market cap for SUNW was over $160 billion.
Still, didn’t quite go bust! Another tech company that has fallen hard recently is RIM/BlackBerry.
by finite_difference
Tue Jan 02, 2018 12:17 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 6624

Re: Individual Stocks That Went Bust

Two stocks I bought during the 2008 financial crisis went to 0 and I lost it all:

* Ambac
* HSBC (I think, need to check this one.)

See also: https://en.m.wikipedia.org/wiki/List_of ... _Recession
by finite_difference
Mon Jan 01, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5984

Re: What is your threshold for paying down debt?

1. For debt, I wouldn’t want to pay more than about 2% real. 2. Taking out a low interest mortgage, and only paying the PITI, and investing the rest in your retirement portfolio (primarily equities, e.g. 70/30), is a way to hedge against rising inflation — correct? I haven’t seen anyone mention that...
by finite_difference
Mon Jan 01, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: How Do You Like My New 'Doo
Replies: 138
Views: 27139

Re: How Do You Like My New 'Doo

12) What specialized tools does an investor use to calculate return? Triceratop mentioned a spreadsheet that he uses to calculate IRR. I use Quicken. I found Quicken has problems with Growth of $10,000 if you add cash to an account. Quicken does a great job calculating IRR. I am interested in how y...
by finite_difference
Mon Jan 01, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: Oil filled space heaters
Replies: 39
Views: 4093

Re: Oil filled space heaters

What about infrared? Aren’t those perhaps safer, at least not so easy to tip over? Otherwise yeah I’d go oil filled. Definitely get a safe model no matter.
by finite_difference
Mon Jan 01, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Did you get an Unexpected Year End Bonus because of the Tax Cut?
Replies: 44
Views: 3376

Re: Did you get an Unexpected Year End Bonus because of the Tax Cut?

Great that several companies are sharing some of their tax cut benefits with their employees even before the firms have actually experienced the actual tax benefit. So you don't look a gift horse in the mouth. One goal of the corporate tax cut was to increase the wages of the middle class. I hope c...
by finite_difference
Sun Dec 31, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Really risk adverse, advise please ...
Replies: 14
Views: 1852

Re: Really risk adverse, advise please ...

I have been incredibly risk adverse, although somehow there is risk in my portfolio. -1.2M in various 5 year CD's at approx 3% interest. -401k's with approx 675K with basic boggle head S&P and international index funds (no bond funds, figure i hold enough cash) -230K in stock from my company due to...
by finite_difference
Sat Dec 30, 2017 12:16 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 9442

Re: I Want to Buy a Horrible, Expensive Car

Go for it. Much cheaper than having kids :)

I like the idea of buying gently used, or leasing it IF you can get a really good deal on the lease.
by finite_difference
Sat Dec 30, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9454

Re: Plow Guy Raised Rates

Sorry but $5 isn't even worth the effort to even write a post about it. If it bother you that much offset it by calling the cable and negotiating a better rate, etc. Yes but whether it’s $5 or $50 or $500, you shouldn’t change the price you’re charging after the fact. At least not without very good...
by finite_difference
Sat Dec 30, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9454

Re: Plow Guy Raised Rates

A somewhat random question, but I live in Maine and have someone plow my driveway every snowstorm. We have a new guy this year as the previous company sold all of their customer base to this guy. In a letter from the previous company regarding the transfer of the plow company, he indicated that the...
by finite_difference
Sat Dec 30, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3210

Re: Buying a car advice - what's new since 1994?

Realized today while going to pay my property tax early that the 6 way power seat has always been comfy, but now after 23 years its perfectly molded to my buttockal area. Maybe I can find a car where I can just bolt on my existing seat... What’s your budget? If you want to shop around for a used ca...
by finite_difference
Sat Dec 30, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5355

Re: Is it me or does everything seem expensive?

Household help definitely seems expensive. I can't pick up day laborers from Home Depot for less than $25/hour. People who can clean the house want the same. Found someone to help me put together ikea bookshelves for $20/hour. So much for $10/hr minimum wage. Why would someone take minimum wage for...
by finite_difference
Fri Dec 29, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9454

Re: Plow Guy Raised Rates

livesoft wrote:
Fri Dec 29, 2017 11:13 am
How much do you tip the Plow Guy every year? At least a bottle of Jack Daniels, right?
Make that Allen’s Coffee Brandy — you want him to be at least half awake when he’s doing the driveway :)
by finite_difference
Fri Dec 29, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9454

Re: Plow Guy Raised Rates

It's not the increased rate that's the problem. It's the lack of notification and the fact that he doesn't see an issue with raising rates and hoping I don't notice. To be honest, if he had come to me and asked to increase the rate, I would have agreed as the rate has been at $45 since 2013. Obviou...
by finite_difference
Fri Dec 29, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3210

Re: Buying a car advice - what's new since 1994?

In another thread, people talked about figuring your firm Out The Door (OTD) price but the definition was fuzzy. Does that mean a dealer 10 day plate and you go to the DMV and transfer your plates? Or does the dealer do the govt paperwork & bolt your plates on before you drive away Yes it includes ...