Search found 126 matches

by cpw84
Fri Dec 02, 2016 10:31 am
Forum: Personal Investments
Topic: Any Lazy portfolio can make profit even in 2008 crash?
Replies: 32
Views: 3731

Re: Any Lazy portfolio can make profit even in 2008 crash?

I feel like doing well during a short-term abnormal event is not as important as doing well over the much longer, much more boring periods of market performance. Just another variation of "time in the market is more important than market timing."
by cpw84
Mon Nov 21, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: 5 reasons the rich are better investors than average Joe
Replies: 31
Views: 9033

Re: 5 reasons the rich are better investors than average Joe

Balderdash! If they are rich due to investing well, this is just circular reasoning. Otherwise, I see no real difference in the investing skills. If you are rich, you can make many mistakes and still come out ahead. Yeah, my first thought is it's a kind of sampling bias to say that rich people inve...
by cpw84
Fri Nov 18, 2016 10:12 am
Forum: Investing - Theory, News & General
Topic: Individual stocks that are sound w/ indexing
Replies: 84
Views: 10568

Re: Individual stocks that are sound w/ indexing

Also, any time we start talking about CEOs like they can do no wrong, we forget that they are human. Hero worship leads to irrational behavior.
by cpw84
Fri Nov 18, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: Individual stocks that are sound w/ indexing
Replies: 84
Views: 10568

Re: Individual stocks that are sound w/ indexing

Elon Musk takes tremendous risks. Huge capital investments literally blow up when things go wrong for him. Buffet is getting up there in years and if he were to suddenly die tomorrow (knock on wood that he doesn't) there would be some volatility. You can bet on that not causing issues, but it is sti...
by cpw84
Thu Nov 17, 2016 10:24 am
Forum: Personal Investments
Topic: facebook
Replies: 45
Views: 8722

Re: facebook

Definitely diversify and, as others have said, don't hold 15% in any one stock. As far as trying to time it? Take a profit while you can, it may not be there forever. I can provide a totally anecdotal reason to sell, along with all of the anecdotal reasons people can give for holding: I work with y...
by cpw84
Wed Nov 16, 2016 9:40 am
Forum: Personal Investments
Topic: facebook
Replies: 45
Views: 8722

Re: facebook

Definitely diversify and, as others have said, don't hold 15% in any one stock. As far as trying to time it? Take a profit while you can, it may not be there forever. I can provide a totally anecdotal reason to sell, along with all of the anecdotal reasons people can give for holding: I work with yo...
by cpw84
Tue Nov 15, 2016 10:51 am
Forum: Personal Consumer Issues
Topic: Are all high-efficiency washers ridiculously LOUD?
Replies: 31
Views: 15008

Re: Are all high-efficiency washers ridiculously LOUD?

The washer may have been fine, but was damaged in delivery. There are a lot of things that can go wrong after it leaves the assembly floor. We received a dryer that was malfunctioning and noticed that there was a huge dent in the back. The delivery guys even tested it before they left. Definitely as...
by cpw84
Wed Nov 09, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12575
Views: 2177543

Re: U.S. stocks in freefall

I have seen friends post on social media about cashing out their 401(k)s, so I put a little PSA out there reminding people not to panic. Then this young guy I know asked if it was a good time to buy, so I told him it's always a good time to buy and that time in the market is more important than timi...
by cpw84
Wed Nov 09, 2016 9:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12575
Views: 2177543

Re: U.S. stocks in freefall

I would like to thank the Brexit blip for preparing me for this moment.
by cpw84
Mon Nov 07, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Sister scammed online, several $K - not sure what to advise
Replies: 68
Views: 8480

Re: Sister scammed online, several $K - not sure what to advise

I'm not saying it will resolve your sister's case, but reporting this kind of thing helps prevent future victims. The FBI has taken an interest in fraud originating from the internet and you can report complaints at the link listed below: https://www.ic3.gov/complaint/default.aspx A lot of the fraud...
by cpw84
Fri Nov 04, 2016 11:53 am
Forum: Personal Consumer Issues
Topic: Honey
Replies: 27
Views: 5074

Re: Honey

+1 about adulterated grocery store honey. The last study I saw was pretty bad. I go with farmer's markets when I can. For flavor, I prefer orange blossom and tupelo. Tupelo is regional and a bit more expensive, so that might be a stretch. Also, it is a honey that doesn't crystallize, so it is fairly...
by cpw84
Wed Nov 02, 2016 8:01 am
Forum: Personal Consumer Issues
Topic: What podcasts do you listen to?
Replies: 67
Views: 11788

Re: What podcasts do you listen to?

Mortified - They have adults stand in front of an audience and read their embarrassing notes and journals from when they were in middle/high school. It's hilarious.
by cpw84
Mon Oct 31, 2016 9:40 am
Forum: Personal Consumer Issues
Topic: which engineering major for renewables
Replies: 62
Views: 9162

Re: which engineering major for renewables

I work in the power generation industry and have a degree in mechanical engineering. I currently work with steam turbines, but my company also deals with wind power. A foot in the door in one discipline at a diverse company can be used to bump over to another field. After you work for someone, they ...
by cpw84
Fri Oct 28, 2016 9:24 am
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 112
Views: 20381

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

My wife and I donate to our church and we have a set percentage we give to another organization of our choosing. At the moment, we're putting a young woman in a poor region of Jamaica through college to get a teaching degree. We met her and her family on a mission trip a couple years back. Looking t...
by cpw84
Mon Oct 24, 2016 2:02 pm
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 45
Views: 6724

Re: Dr. Bill Bernstein Books

Hi all, I never read any of Dr. Bernstein's books, but saw a few videos on You Tube and I would like to learn more about how he thinks. I often see him quoted about once you win the game stop playing. What book would you suggest I start with. Stemikger - have you read Dr. Bernstein's "If You Can - ...
by cpw84
Fri Oct 21, 2016 1:51 pm
Forum: Personal Consumer Issues
Topic: Best Albums of 2016
Replies: 90
Views: 12793

Re: Best Albums of 2016

Art Angels by Grimes My music taste is weird or diverse, depending who you ask. She makes everything herself, totally self produced. I just love her creativity. This album is more poppy than her earlier releases. An older album, Visions, is a good entry point if you aren't familiar with her music -...
by cpw84
Fri Oct 21, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: Best Albums of 2016
Replies: 90
Views: 12793

Re: Best Albums of 2016

Art Angels by Grimes My music taste is weird or diverse, depending who you ask. She makes everything herself, totally self produced. I just love her creativity. This album is more poppy than her earlier releases. An older album, Visions, is a good entry point if you aren't familiar with her music - ...
by cpw84
Fri Oct 21, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: When have you given enough?
Replies: 65
Views: 8516

Re: When have you given enough?

If your kids are that well set up and depend on or expect your money while you are still alive, they probably need to learn not to. Living in a HCOL area is a choice, not an entitlement. If they don't expect the money, it's because they are self sufficient with their high level of education and do n...
by cpw84
Wed Oct 12, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Crossing the line (becoming a miser)
Replies: 71
Views: 12257

Re: Crossing the line (becoming a miser)

An ex-gf once noticed how much I focus on budgets and cutting costs and said that I was obsessed with money.

My response: How can I be obsessed with money? I hardly use the stuff!
by cpw84
Tue Oct 11, 2016 9:17 am
Forum: Personal Consumer Issues
Topic: Tattoo Costs and Removal
Replies: 39
Views: 6152

Re: Tattoo Costs and Removal

My cousin is a tattoo artist and posts some of his work to Facebook. Half of them are labeled "cover up". Make sure the person giving you the tattoo does quality work and follows all safety rules. Ask to see some of their previous work. You always have the option to cover it with another, larger tat...
by cpw84
Tue Oct 11, 2016 9:05 am
Forum: Investing - Theory, News & General
Topic: The Two Key Questions for Financial Literacy
Replies: 19
Views: 3327

Re: The Two Key Questions for Financial Literacy

I'm more concerned with the idea that "a little knowledge can be a dangerous thing". I expect the vast majority of us are overthinking things and/or have far too much confidence in our particular strategy given the level of uncertainty inherent in predicting the future. Seems better to assume you'r...
by cpw84
Tue Oct 11, 2016 8:44 am
Forum: Personal Investments
Topic: Stubbornly Ultra conservative, Non-Boglehead Husband. What to do?
Replies: 50
Views: 8238

Re: Stubbornly Ultra conservative, Non-Boglehead Husband. What to do?

For the sake of your marriage, you're going to have to let go of what could have been financially. It's all in the past. But for going forward, maybe suggest that you get a certain percentage of the portfolio as "play money". Many on this site suggest 10% or less to play with if people insist on sto...
by cpw84
Mon Oct 10, 2016 12:00 pm
Forum: Personal Consumer Issues
Topic: Unplugging Treadmill after every use
Replies: 21
Views: 14208

Re: Unplugging Treadmill after every use

I agree with the power surge and safety of leaving it on in case there are children who try to play with it. A surge protector that you switch off when not in use solves both problems and it probably more convenient than plugging and unplugging.
by cpw84
Fri Oct 07, 2016 4:00 pm
Forum: Personal Consumer Issues
Topic: Best Albums of 2016
Replies: 90
Views: 12793

Re: Best Albums of 2016

+1 to Case/Lang/Veirs. Great chill folksy vibe and they are each very talented.
by cpw84
Thu Oct 06, 2016 10:02 am
Forum: Personal Investments
Topic: Sanity check for plan to move taxable to Roth
Replies: 5
Views: 540

Sanity check for plan to move taxable to Roth

My wife and I are currently in the 15% tax bracket, and I would like to stay there next year to keep the capital gains tax exemption that goes along with it. I currently have about half of my investments in a taxable account because of an inheritance. I would like to max out my and my wife's Roth IR...
by cpw84
Tue Oct 04, 2016 9:06 am
Forum: Personal Finance (Not Investing)
Topic: 4 year graduation rate
Replies: 16
Views: 2672

Re: 4 year graduation rate

For some majors and programs, it's less about the student's academics and more about the requirements of the major. I was technically ahead by a class (by credit hours) pretty early college because of my AP credits. I still took 5 years to get a degree in Mechanical Engineering, and it was pretty st...
by cpw84
Fri Sep 30, 2016 1:00 pm
Forum: Personal Consumer Issues
Topic: MMM Lecture at the WD Summit [Mr. Money Mustache]
Replies: 58
Views: 9928

Re: MMM Lecture at the WD Summit [Mr. Money Mustache]

Actual changes I've made since checking out his blog: -I ditched trying to save a % of income per month and have instead switched to a target max spend per month. Most months we do ok and we probably average hitting the goal. Could I loosen up spending a bit and still be ok? Sure, but for now this k...
by cpw84
Thu Sep 29, 2016 8:53 am
Forum: Personal Consumer Issues
Topic: MMM Lecture at the WD Summit [Mr. Money Mustache]
Replies: 58
Views: 9928

Re: MMM Lecture at the WD Summit [Mr. Money Mustache]

I read his blog from start to finish, around the same time I got into Bogleheads, and while he can come off as preachy I think he has a lot of great tips. His example is an extreme, but if you cut out a little unnecessary waste in your life, you can add a few years to your retirement. There is somet...
by cpw84
Thu Sep 29, 2016 8:41 am
Forum: Personal Consumer Issues
Topic: 3 days in Cincinnati, suggestions?
Replies: 15
Views: 1692

Re: 3 days in Cincinnati, suggestions?

Also, are you driving in or flying in? If you are driving and let us know which way you're coming from, I could recommend some other places to stop in Ohio. For example, a little over 2 hours east of Cinci is Hocking Hills, one of my favorite places to hike. Ohio is beautiful in the fall, so if she'...
by cpw84
Thu Sep 29, 2016 8:38 am
Forum: Personal Consumer Issues
Topic: 3 days in Cincinnati, suggestions?
Replies: 15
Views: 1692

Re: 3 days in Cincinnati, suggestions?

If it's this weekend, catch a Reds game. The Cubs are in town. It's a nice ballpark.
by cpw84
Wed Sep 28, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 78
Views: 10155

Re: Is Private high school in the good school district worth investing?

Plenty of kids in private schools use drugs, and they can afford more of them. My parents sent my older brother to a private high school for a year, but realized he was riding the bus with kids who had gotten into too much trouble in public school, so their parents thought private school would strai...
by cpw84
Wed Sep 28, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: Bogleheads for Diet/Nutrition?
Replies: 66
Views: 7691

Re: Bogleheads for Diet/Nutrition?

What you eat absolutely matters, but I have also had the most success by actively tracking how much I eat. There are a variety of free calorie tracking apps. Some are more convenient to work with than others, so I recommend trying a few and seeing what works for you. I have also found that I get les...
by cpw84
Wed Sep 28, 2016 8:24 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 25121

Re: Replace car battery after X years or wait till it dies?

+1 on the portable charger. If your battery dies (during normal business hours), you are just one jump from getting a replacement. I would almost recommend just getting the replacement battery and taking it with you so that you can install it once the other one dies if you're really concerned about ...
by cpw84
Wed Sep 28, 2016 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Does it matter what type of college one goes to?
Replies: 278
Views: 28284

Re: Does it matter what type of college one goes to?

Check the career services office to see who interviews on campus. That might be a good indicator about reputation of the school or its connections with employers. History majors at Dartmouth or Harvard will have more interview options than those at University of New Hampshire or University of Massa...
by cpw84
Tue Sep 27, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Does it matter what type of college one goes to?
Replies: 278
Views: 28284

Re: Does it matter what type of college one goes to?

I guess in some of these fields where the school matters more, I have to ask, is there such a huge difference between the top companies and firms and those at a slightly lower level? Some kids might be happy going off and earning crazy money. Some might prefer a more laid back college experience and...
by cpw84
Tue Sep 27, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Does it matter what type of college one goes to?
Replies: 278
Views: 28284

Re: Does it matter what type of college one goes to?

It may vary a lot by major/field. I'm 8 years into an engineering job at a major company after getting my BSME from Ohio State. If I were to change jobs, I would list my degree and university, but I hardly think my GPA is even relevant anymore. That's the thing, after getting actual work experience,...
by cpw84
Fri Sep 23, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 84
Views: 8741

Re: "Women and Investing" class offered by Employer

I am a little partial to retirement info sessions given by employers because that's how I ended up here. At 31, I already attend our retirement info sessions because if you attend at 60, only so much of the advice is actionable. For one series they brought in a few people who were obviously selling ...
by cpw84
Mon Sep 19, 2016 8:20 am
Forum: Personal Consumer Issues
Topic: Coffee makers: Moka, French Press, etc.
Replies: 64
Views: 6790

Re: Coffee makers: Moka, French Press, etc.

AP: Pros: Good flavor....it's different from the FP, it has a cleaner taste. Also, clean up is real easy, you basically "push out the puck," you'll know what I mean if you get one. Cons: You have to get the grinds right or you'll have trouble pushing down the plunger. Also, you place the AP on top ...
by cpw84
Thu Sep 15, 2016 1:22 pm
Forum: Personal Investments
Topic: I invested $10,500 in a private US company [pressured to sell back shares]
Replies: 19
Views: 3114

Re: I invested $10,500 in a private US company [pressured to sell back shares]

This sounds like it may be a scam, apparently oil and gas scams are common. Check the site below (SEC) for more information.

https://www.sec.gov/investor/pubs/oilgasscams.htm
by cpw84
Thu Sep 15, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: Favorite Coffee
Replies: 147
Views: 19571

Re: Favorite Coffee

This is the one thing I spend money on, otherwise I'm pretty thrifty. Counter Culture ( https://counterculturecoffee.com/ ) makes the best coffee I have ever had. I can get it locally here in Charlotte, NC. Hologram is my favorite. It is a blend of Honduran, Guatemalan, and Ethiopian. It's delicious...
by cpw84
Thu Sep 15, 2016 8:45 am
Forum: Personal Consumer Issues
Topic: How to fix doors that don't close after new carpet installation
Replies: 36
Views: 15635

Re: How to fix doors that don't close after new carpet installation

If you do attempt to do it yourself, look up what the gap should be. Loose enough to close with carpet is one thing, but I remember reading somewhere that you should leave some size of gap to allow air to flow in and out of the room. Something to do with ventilation, probably to prevent moisture fro...
by cpw84
Fri Sep 09, 2016 9:49 am
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 14140

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

I just ran across this article, which argues that company culture could have led to the spontaneous fraud by so many lower level employees. They were measured against accounts and credit cards they opened, their quotas were unreasonably high, and the actions taken against those who did not meet quot...
by cpw84
Fri Sep 09, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 14140

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

The fine seems too low to me and the rank and file workers are taking the fall for what must have been a practice handed down from higher ups. There is no way 5300 individuals did this on their own without incentive. The lack of oversight alone is criminal. I am curious how high up the chain of comm...
by cpw84
Thu Sep 08, 2016 10:29 am
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 56
Views: 12248

Re: How much you need to save as multiple of salary

I agree that looking at comparison to salary is not the best approach, but with certain assumptions being made (6% savings with a 50 cent to the dollar match) they can figure the proportion of salary to savings and make some decent estimates based on salary (proportionally), while most of us know th...
by cpw84
Tue Aug 30, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: How Does Your money Make Money?
Replies: 43
Views: 6852

Re: How Does Your money Make Money?

Probably the most popular way aside from stock investing is real estate. Either owning rental property or Flipping. This is a LOT harder to do than those tv shows make it look. I will take my index fund portfolio any day. I also wonder about its popularity making it harder to do. Based on how many ...
by cpw84
Tue Aug 30, 2016 8:57 am
Forum: Investing - Theory, News & General
Topic: In what order should I read these books?
Replies: 42
Views: 8843

Re: In what order should I read these books?

I suggest The Bogleheads' Guide to Investing. Also you can read this pdf tonight by Dr William Bernstein: https://www.etf.com/docs/IfYouCan.pdf Looks interesting. I'm 44 rather than a Millennial, but I'm sure much of it will be useful for me too. Thx. +1 to "If You Can". It's not really that age sp...
by cpw84
Tue Aug 30, 2016 8:50 am
Forum: Investing - Theory, News & General
Topic: Feelings/Sentiments about Recession
Replies: 44
Views: 4556

Re: Feelings/Sentiments about Recession

When things go well, you see a lot of articles asking if the market has hit THE peak. The market has hit A peak many times before, but has shown no evidence of hitting THE all-time peak. It has shown no evidence that it ever will, barring collapse of humanity and commerce. I guess what I'm saying is...
by cpw84
Fri Aug 26, 2016 7:31 am
Forum: Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 116
Views: 15881

Re: Anyone else getting nervous and converting to cash as a short-term move?

We have our first kid on the way, so I'm keeping more cash in savings in anticipation of hospital bills and whatnot. And that makes me nervous because I'm doing it instead of funding my Roth IRA this year. But at least we'll get the tax break. Remember you can always pull contributions out of a Rot...
by cpw84
Thu Aug 25, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: should a student invest for retirement?
Replies: 17
Views: 2457

Re: should a student invest for retirement?

Do you have a job lined up yet? As a 2008 graduate, I'm pretty sensitive to this risk. I accepted a job offer in the fall of 2007, but a lot of my classmates found the jobs were hard to come by at graduation. Make sure you have a plan to live for a few months after graduation without a job if you do...
by cpw84
Thu Aug 25, 2016 8:04 am
Forum: Personal Investments
Topic: Managing AA with target date funds... or not?
Replies: 18
Views: 1735

Re: Managing AA with target date funds... or not?

I have about one third of my assets in my 401(k) with a target date fund and a .2% ER. I consider it the best option in my plan. I keep my non-401(k) assets in a three fund portfolio that I set up to closely mirror the AA of a Vanguard target date fund. I did this because I wanted a glide path to re...