Search found 1330 matches

by alfaspider
Mon Jun 25, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 90
Views: 5470

Re: When did you start flying business class?

Depends on the carrier. Some airlines like Qatar have a great economy product. Others not so much. Also the aircraft itself makes a difference too - I'll take a 380 over a 747 any day. Well you are in luck as 747s are being phased out everywhere except for cargo duty. The real problem is airlines l...
by alfaspider
Mon Jun 25, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 90
Views: 5470

Re: When did you start flying business class?

Depends on the carrier. Some airlines like Qatar have a great economy product. Others not so much. Also the aircraft itself makes a difference too - I'll take a 380 over a 747 any day. Well you are in luck as 747s are being phased out everywhere except for cargo duty. The real problem is airlines l...
by alfaspider
Sun Jun 24, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 90
Views: 5470

Re: When did you start flying business class?

I only fly business overseas when my employer pays. It’s nice, but at the end of the day it’s just 8-12 hours of slightly less discomfort for a flight to Europe. You still arrive groggy and jet lagged. However, I may consider upgrading the overnight with points if there were good award availability ...
by alfaspider
Fri Jun 22, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2102

Re: What do we mean when we say "HCOL vs LCOL" location?

The federal government tracks cost of living, and the locality pay that federal employees earn gives you an idea of what areas should be labeled HCOL, MCOL, and LCOL. Look at the chart on this page: https://www.federalpay.org/gs/locality. If you're living in an area the federal government considers...
by alfaspider
Fri Jun 22, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 110
Views: 8379

Re: Did you celebrate when you finally hit $1m?

For me, the celebratory aspect was dulled by the complexity of the question. It it when your net worth hits $1M? If so: How do you arrive at home value? Discount for transaction costs? Is it when your investable assets hit $1M? If so: Do you give any value to unvested RSUs? Do you discount accounts ...
by alfaspider
Fri Jun 22, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 140
Views: 14090

Re: Can you retire on $2M?

Personally, I consider $2M to be my "Basic FI" number. It's the point where I could retire if I were willing to live a more modest (but by no means deprived) lifestyle. It would mean moving to a cheaper part of town and economizing on some things. Property taxes are very high here (no state income t...
by alfaspider
Thu Jun 21, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: is Ed Jones always bad news?
Replies: 29
Views: 3212

Re: is Ed Jones always bad news?

Is Edward Jones always bad news? No. My brother uses Edward Jones and is very happy. He likes his CFP and he talks with him every year and as necessary to strategize. It's a good plan for him. He can say, "Hey, I have a goal to save for could you recommend a fund for me?" Most of the population is ...
by alfaspider
Thu Jun 21, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 65
Views: 6121

Re: Do you invest in Real Estate ? Why ?

No. 'Aint nobody got time for 'dat :) But seriously, other than my own house (which is maintenance headache enough), I simply don't want to devote the time to managing a real estate portfolio. I also don't like the idea concentrating real estate holding in a single city, which to me is similar to on...
by alfaspider
Thu Jun 21, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 170
Views: 11540

Re: What is/ was your career and would you recommend it now?

Tax Attorney for a Fortune 500 company It really is a dream job for me. Good pay, lots of autonomy, reasonable hours, and interesting work. There's travel involved, but almost always to pleasant destinations and there's not too much of it. I would make a qualified recommendation for someone looking ...
by alfaspider
Thu Jun 21, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: $1M Term Life Insurance
Replies: 14
Views: 1588

Re: $1M Term Life Insurance

Consider the impacts of inflation as well. Of course that is counterbalanced by your hopefully growing personal assets. $500k in 20 years may not cover college costs for two children. Yes, but OPs net worth will hopefully not be zero if they were to expire in 20 years. And most children today don't...
by alfaspider
Thu Jun 21, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4849

Re: How much car to buy reasonably?

I prefer a manual in heavy traffic because it means I don't have to cover the brake when traffic is stopped. Hate the "creep forward" behavior that autos exhibit. Interestingly, some electrics allow you to disable the creep. Only time I would sometimes prefer a paddleshift is racing. On the track, y...
by alfaspider
Wed Jun 20, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: Why is Mr. Bogle so against investing internationally?
Replies: 24
Views: 2784

Re: Why is Mr. Bogle so against investing internationally?

My take is that the global economy has become so interconnected (and correlated) that international stocks aren't really havens anymore, at least in rich countries. I don't see a situation where the U.S. markets tank and the stocks listed in most commonly available international funds don't go right...
by alfaspider
Tue Jun 19, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 129
Views: 7456

Re: gray hair

I started to go grey in my early 30s. If I follow my dad, I will have white (not just gray) hair by my late 40s. Problem with coloring your hair is that once you start, you can't really stop without it looking strange. You are wed to hair appointments for a long time. For now, I don't really mind it...
by alfaspider
Tue Jun 19, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Article on hotel booking sites - no bargains
Replies: 38
Views: 3721

Re: Article on hotel booking sites - no bargains

The prices are usually pretty close, but not always. Google does a pretty good job of aggregating search sites. I recently booked a hotel that was advertised at $400 a night on most travel sites and at the hotel website. However, there were two travel sites that were advertising $275. Not sure why, ...
by alfaspider
Tue Jun 19, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4849

Re: How much car to buy reasonably?

Lotus Evora 400 Toyota Camry motor with supercar looks and handling. This has to be the boglehead sports car choice and will be my next fun car after selling my E46 M3. I have some experience with Lotuses (Loti?). Fantastic fun, but I wouldn't want one as a daily driver. They handle great and almos...
by alfaspider
Tue Jun 19, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4849

Re: How much car to buy reasonably?

Honda Civic. I could afford to drive a "status symbol", but why? The new Civics are a lot of fun! Civic is on my list. civic hatchback is very sporty looking, great gas mileage and won't break the bank, even if you bought new! Given the OP's parameters, Civic Type R or bust. With your net worth, yo...
by alfaspider
Tue Jun 19, 2018 8:48 am
Forum: Investing - Theory, News & General
Topic: Why do we need 529?
Replies: 41
Views: 3540

Re: Why do we need 529?

529s really only make sense in the following circumstances: 1) You are already maxing out your other tax-advantaged space 2) You are planning on fully bankrolling you child's education and reasonably don't expect to receive need-based financial aid 3) You are able to contribute when your child is yo...
by alfaspider
Tue Jun 19, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4083

Re: Shorting Amazon

of the tens of thousands or more investment ideas and trades out there, you come up with shorting amazon? i recommend you stick to your day job. Got to agree with this one. While Amazon stock is certainly a bit frothy, the company has had a very impressive run over the last 20 years from a bookstor...
by alfaspider
Mon Jun 18, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10121

Re: Timeshare ever worth it? Please share details

Seems like timeshares only work for you if: 1) You are able to take regular week-long (or more) vacations every year to an arbitrary location of your choosing. Personally, I haven't been able to do such a thing in almost 10 years. There's always weddings, funerals, graduations, family reunions, etc....
by alfaspider
Thu Jun 14, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Subaru infotainment issues -can people chime in?
Replies: 26
Views: 1929

Re: Subaru infotainment issues -can people chime in?

My 2016 WRX STI's system is mostly ok, if rather dated (even for 2016). I've learned not to bother with trying any of the smartphone pairing options (i.e. the pandora app or starlink software). I just use bluetooth to interface with the smartphone, and it doesn't give me too much trouble. I'm intere...
by alfaspider
Thu Jun 14, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Is the Dow Jones Industrial Average a useful metric?
Replies: 28
Views: 1380

Re: Is the Dow Jones Industrial Average a useful metric?

The Dow is a historical anacronism. But the long term correlation to the SP500 is 0.9557, according to this article: https://www.marketwatch.com/story/the-dow-and-the-sp-500-havent-been-this-disconnected-since-2003-2017-07-06 So, while its use is frustrating, the Dow is a good proxy for the market ...
by alfaspider
Thu Jun 14, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5068

Re: Bitcoin Price Manipulation

There is certainly a market for secure, purely digital payment methods, and Bitcoin was developed with that in mind from the beginning. Who can say if Bitcoin ever ends up fulfilling that role. The odds are probably against it, but if it happens, every household in the world is going to need to hav...
by alfaspider
Wed Jun 13, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8660

Re: Getting killed on taxes - any ideas?

Just for clarification, we are not paying $100K in taxes. We paid $112,000 federal taxes on an income of about $442,000. Not a huge difference, but I did want to make that correction, as some are quoting an effective rate of 22%, which is not accurate. I agree that you aren't really getting "killed...
by alfaspider
Wed Jun 13, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7029

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

It’s too early to make judgments on millenials. I am an “old” millenial, born in 1986. I didn’t have a computer in the house I was allowed to touch until I was 12, and we didn’t have the internet until I was 14. My wife and I just bought our first home, in the suburbs. Millenials range from ages ab...
by alfaspider
Tue Jun 12, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9568

Re: Who uses the 3 fund portfolio ?

I'm close, but it's not the 100% perfect 3-fund. The following departures: 1) Although most funds are in VTI/VTSAX, I can't just pick any fund in 401k, so I'm mostly in the Fidelity 500 fund there. 2) I use tax exempt bonds in my taxable account and taxable bonds in the 401k 3) I have a small EM all...
by alfaspider
Tue Jun 12, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 37
Views: 4200

Re: You Can Market Time At Valuation Extremes

Sure, in hindsight the 90 CAPE in Japan was insane. But Black Tuesday happened at around 30 CAPE. If you had been Japanese during the boom and sold all your equities when CAPE hit 30, where would that have left you? Successfully market timing doesn't mean just correctly saying that the market is ove...
by alfaspider
Mon Jun 11, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3457

Re: How much to spend on daycare?

But then at age 2, when you do send them, they will start getting really sick. We had my son in daycare since 3 months old, and this past winter, I don't think he had more than 1 cold the entire winter and no other illnesses. I think going to daycare has made his immune system very good. He's 3 now...
by alfaspider
Mon Jun 11, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4208

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

I don't think going from 3 basis points to none is going to make a difference to anyone. It's just psychological. It may attract some headlines. (ETFs from iShares and Schwab have this 3 basis point charge already.) Yep. The difference between .04% and zero is really pretty minuscule. The article s...
by alfaspider
Mon Jun 11, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Amsterdam
Replies: 12
Views: 858

Re: Amsterdam

I've traveled throughout Europe but have never been to Amsterdam. For the first 40 some years of my life I've never tried weed. I'd like to give it a shot while in Amsterdam. Thoughts? Recommendations? I go there fairly regularly on business. It's a nice enough place to spend a few days. Probably w...
by alfaspider
Thu Jun 07, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Time between Peaks
Replies: 6
Views: 563

Re: Time between Peaks

I think the time between net-worth peaks would naturally get longer and longer as your portfolio size starts being determined more by investment gains/losses than contributions. A brand new investor might have a new net worth peak with every paycheck. Someone close to retirement might never see anot...
by alfaspider
Thu Jun 07, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Is there a forum for legal matters?
Replies: 18
Views: 1802

Re: Is there a forum for legal matters?

As a lawyer, I would never give advice in such a forum and I would be very suspicious of any lawyer who does. You open yourself up to malpractice risk and potentially prejudice a case because a public post is not privileged. If you are getting legal advice from a non-lawyer, it's probably a case of...
by alfaspider
Thu Jun 07, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Is there a forum for legal matters?
Replies: 18
Views: 1802

Re: Is there a forum for legal matters?

As a lawyer, I would never give advice in such a forum and I would be very suspicious of any lawyer who does. You open yourself up to malpractice risk and potentially prejudice a case because a public post is not privileged. If you are getting legal advice from a non-lawyer, it's probably a case of ...
by alfaspider
Thu May 31, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15580

Re: Top Shelf Liquor Overrated?

I think with most alcoholic beverages, there are a few broad tiers. I will use wines, because bottle sizing is pretty standard and most stores carry a wide range rather than just a few examples: The cheapest of the cheap is absolutely disgusting. This is the $3 bottle of fortified wine. A few can st...
by alfaspider
Wed May 30, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 2466

Re: Enterprise vs Avis

All of the national car rental brands are pretty much the same in my experience. Location seems to matter more than the brand. I tend to just take pot luck on Hotwire, although silvercar is a nice upgrade in cities where it exists.
by alfaspider
Wed May 30, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Beachbody Coach (multi level marketing)
Replies: 27
Views: 2836

Re: Beachbody Coach (multi level marketing)

I submit that she could probably do a lot better for herself by simply marketing her own fitness and exercise coaching services. With her credentials, I don't see much value add in paying the considerable MLM overhead (even if those costs are hidden). I have a friend who has done very well as an ind...
by alfaspider
Tue May 29, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5043

Re: work one more year or attend law school

Choose your career path based on your interests and passions, not what is on a spreadsheet. Doing this, the finances will work out. Sometimes they do, sometimes they don't. I know plenty of people who have followed their passions and the finances didn't really work out. I suppose it helps to have a...
by alfaspider
Mon May 28, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3584

Re: Is backdoor Roth IRA eliminated in 2018?

Quite the contrary, Congress said backdoor Roths were straight up legit. http://www.wallstreetphysician.com/backdoor-roth-ira-legal/ Here's the direct text FTA and from the actual Tax Cuts and Jobs Act: ALTHOUGH AN INDIVIDUAL WITH AGI EXCEEDING CERTAIN LIMITS IS NOT PERMITTED TO MAKE A CONTRIBUTION...
by alfaspider
Mon May 28, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5043

Re: work one more year or attend law school

Was it US News that started all this stuff about top five, top ten and so on law schools? Many years ago I was accepted at four law schools and chose one of the four based on size, location, state where located and other criteria without having any idea where that school might fall in any kind of r...
by alfaspider
Mon May 28, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5043

Re: work one more year or attend law school

I think this is a rather difficult playing the odds type decision. Placement rates between a top5 and top10 may be only 10–15% different, but it could be the difference between being shut out of biglaw or not, which could make a multi-million career earnings difference. I don’t think there’s a clea...
by alfaspider
Sun May 27, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5043

Re: work one more year or attend law school

full ride in top 10 If you have a full ride to a top 10 school, you should definitely go there versus paying full price at a top 5 school. I say that as someone who went to the law school currently ranked #5 in the country. It is only marginally easier to land prestigious jobs in NY or CA coming fr...
by alfaspider
Sat May 26, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5043

Re: work one more year or attend law school

It's one thing to graduate from law school, but it is another to pass the bar (I've heard). I know folks who took the review courses beforehand and studied like crazy but still couldn't pass them after multiple tries. Then they are still stuck paying off the loan(s). I am guessing that those who we...
by alfaspider
Thu May 24, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2967

Re: Parents with pre-K kids and 529 target

My not-quite 2yr old is coming up on $100k But I must ask, how did you achieve that without triggering gift taxes ? My child was born in November. Each spouse made the exempt limit contribution for 2016, 2017, and 2018 for a total of $86k invested (per-couple limit increased from 28 to 30 for 2018)...
by alfaspider
Thu May 24, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 4954

Re: I've never budgeted sucessfully

I use to do a budget and keep track of my expenses. I stopped doing this a while ago after my friend made a good argument against it. His argument is essentially the exercise takes too much time and is not needed unless one is spending too much. These days, I use a simpler approach. After I put awa...
by alfaspider
Thu May 24, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2967

Re: Parents with pre-K kids and 529 target

My not-quite 2yr old is coming up on $100k But I must ask, how did you achieve that without triggering gift taxes ? My child was born in November. Each spouse made the exempt limit contribution for 2016, 2017, and 2018 for a total of $86k invested (per-couple limit increased from 28 to 30 for 2018)...
by alfaspider
Wed May 23, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2967

Re: Parents with pre-K kids and 529 target

Plus if they choose some deadbeat major, I will not fund anything. Ha. I chose a "deadbeat" major. I'm not a dead beat (well at least not financially). It's not about the major, but having a realistic plan for what you will do after graduation. I'm on track for FI by 40 :beer Speaking to the OP: I'...
by alfaspider
Wed May 23, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Factory Five build cars
Replies: 23
Views: 2534

Re: Factory Five build cars

Building a kit car is one of my bucket items (unfortunately one that will have to wait a while). Only real downside is that you can generally buy them for less than it would cost to build, but then I suppose you lose a big part of the experience. I'd be a lot more interested in the SLC Superlight in...
by alfaspider
Thu May 17, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: What exactly causes a spring mattress to wear out?
Replies: 27
Views: 2108

Re: What exactly causes a spring mattress to wear out?

Springs do have finite lives. Metal will eventually fatigue from repeated flexion. How soon that happens will vary based on the spring loading, metal type, stiffness, etc. Foam also can break down with age or from chemical exposure. That being said, the idea that mattresses regularly wear out is mos...
by alfaspider
Wed May 16, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Brake work estimate
Replies: 45
Views: 3027

Re: Brake work estimate

Price sounds about right. FYI. Replacing pads and rotors is actually a fairly easy DIY task even for someone who's not particularly handy. Haha be careful with this. Being handy is different from being mechanically inclined. I budgeted four hours for my first brake job. I wound up screwing around f...
by alfaspider
Wed May 16, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7826

Re: Is there a boglehead muscle car?

For straight-ahead performance, the Toyota Prius was an economical choice which people tried out after hearing (years ago) that Al Gore's son (also named Al Gore) had been caught speeding over 100 mph in a Prius. It became known that it's top speed, well over 100 mph, was actually software-limited ...
by alfaspider
Wed May 16, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7826

Re: Is there a boglehead muscle car?

horrific depreciation. That can be an advantage to a BH ;) Buy used, but not classic (unless you could convince yourself it was an investment) ;) True, but you also have horrific parts prices to contend with on maintenance. They can be OK if you are willing to do your own wrenching, but they are al...