Search found 504 matches

by PhilosophyAndrew
Mon Aug 19, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 177
Views: 7926

Re: Selective Colleges

Just throwing this out there, since I have for a decade worked for a top 10 highly selective U, and attended one back in the day. Only 27% of college graduates work in jobs directly related to their majors. Obs there is a stronger correlation among some majors, but overall the message should be: yo...
by PhilosophyAndrew
Mon Aug 19, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 125
Views: 8187

Re: Aliens have captured my husband [wants to buy a Porsche]

OP, since you can handily afford this luxury your husband desires, why not make it? Even if the Carlton proves to be unreliable and not as rewarding ad your husband believes, you could sell it, trade it in, or donate it without compromising your financial well-being. In general, I think Bogleheads d...
by PhilosophyAndrew
Sun Aug 18, 2019 10:51 pm
Forum: Personal Consumer Issues
Topic: How to read (and retain)?
Replies: 50
Views: 2460

Re: How to read (and retain)?

One more thought. Here is a handout I wrote some years ago (20+ Years) for my philosophy students; perhaps you will find it useful. Andy. ____________ Although each week’s assignment is only a few pages long, reading these pages is no small task. It is your job to do what it takes to become fluent i...
by PhilosophyAndrew
Sun Aug 18, 2019 10:41 pm
Forum: Personal Consumer Issues
Topic: How to read (and retain)?
Replies: 50
Views: 2460

Re: How to read (and retain)?

The book that you need to read is aptly titled "How to Read a Book" by Mortimer Adler. It should be required reading for everyone in high school. I cannot recommend it highly enough. You will learn to ask the right questions of books, how to skim, outline, and generally attack a book to engage "in ...
by PhilosophyAndrew
Sun Aug 18, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: How to read (and retain)?
Replies: 50
Views: 2460

Re: How to read (and retain)?

One other technique that I use when I really want to understand complicated material is by summarizing each important point in my own word. Sometimes I do this for each paragraph, sometimes for each sentence depending on content. One can do this to a limited extent with marginalia, but the most effi...
by PhilosophyAndrew
Sun Aug 18, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: How to read (and retain)?
Replies: 50
Views: 2460

Re: How to read (and retain)?

OP, the best way I’ve found to retain material I’ve read is to teach it to others. Perhaps you can find or create opportunities to do this for the content you most want to master.

Andy.
by PhilosophyAndrew
Sun Aug 18, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 177
Views: 7926

Re: Selective Colleges

Higher education can make someone to be a better person but why spend 4 years and $100K+? Nowdays, you can become better person for free without even going to college, if you want. People can learn to play piano by using online resources, no need to go to music school for that. Or learn Spanish and...
by PhilosophyAndrew
Sun Aug 18, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford new House of $500-550k?
Replies: 9
Views: 1179

Re: Can we afford new House of $500-550k?

OP, it sounds like your need for a larger house is temporary and will end either when your first child goes to college or when your mother-in-law dies or can no longer live with you. As I understand it, you are considering moving houses twice in a relatively short period. If it were me, I would eith...
by PhilosophyAndrew
Sun Aug 18, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 177
Views: 7926

Re: Selective Colleges

..., and I’m glad that I did not grow up in an environment that values so highly pre-vocational training. But in your case, training in Philosophy turned out to be strictly vocational if I recall your career correctly. :twisted: I have had an interesting, well-compensated, and meaningful career in ...
by PhilosophyAndrew
Sun Aug 18, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 177
Views: 7926

Re: Selective Colleges

I’m not sur The notion of an undergraduate major leading directly to a specific career path is antiethical to a liberal arts tradition that I value highly. According to this tradition, higher education provides one with skills and insights that allow one to lead a better life, construed broadly, and...
by PhilosophyAndrew
Sun Aug 18, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 177
Views: 7926

Re: Selective Colleges

The notion of an undergraduate major leading directly to a specific career path is antiethical to a liberal arts tradition that I value highly. According to this tradition, higher education provides one with skills and insights that allow one to lead a better life, construed broadly, and to be a bet...
by PhilosophyAndrew
Sat Aug 17, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Go for new job (more pay but travel) or stay?
Replies: 61
Views: 3136

Re: Go for new job (more pay but travel) or stay?

OP, that much travel sounds onerous, and I’m skeptical that a $20-30k pay increase is worth all the inconvenience caused by weeks and weeks of travel month after month after month. I would suggest taking the new role only if, first, it were a necessary stepping stone to career advancement that was e...
by PhilosophyAndrew
Fri Aug 16, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Derogatory remark on Credit report
Replies: 37
Views: 4706

Re: Derogatory remark on Credit report

I’m confused: If their report of your payment is accurate,
what is the basis of your complaint?

Andy.
powerboggler wrote:
Fri Aug 16, 2019 5:13 pm
Update on this thread.

After submitting the complaint to CFPB, BoA still not budging.
I am not sure what other options i have left now...
Maybe keep submitting the complaint?
by PhilosophyAndrew
Fri Aug 16, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 8033

Re: Taking a break in your 50s: Is it the kiss of death?

OP, my opinion: At 35X expenses, you can afford to take a risk. If you would benefit from taking a sabbatical year or two, lack of financial resources shouldn’t hold you back, regardless of whether or not you would find it easy to re-enter the workplace later on. Put slightly differently, toy could ...
by PhilosophyAndrew
Fri Aug 16, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving for better public schools?
Replies: 60
Views: 4036

Re: Moving for better public schools?

OP, moving is expensive and full of bother and frustration. If it is part of your plan to move to the better neighborhood, then it makes sense to do it now so that your children can benefit from the stronger schools. However, if your only interest in moving is to improve your children’s educational ...
by PhilosophyAndrew
Thu Aug 15, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2412
Views: 434626

Re: What are you up YTD? [Year To Date]

Up 12.5% as of 8/15.

Andy.
by PhilosophyAndrew
Thu Aug 15, 2019 12:01 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9 - 3rd Generation
Replies: 40
Views: 2807

Re: iPad Pro 12.9 - 3rd Generation

The larger screen is wonderful for my aging eyes; it’s a wonderful device for consuming media and works well for light productivity, for example using the Word or Excel apps. It is also a great device for note-taking using the 2nd generation Apple Pencil.

Andy.
by PhilosophyAndrew
Thu Aug 15, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: 1) What age did you have your teen get a driver's license?
Replies: 48
Views: 1821

Re: 1) What age did you have your teen get a driver's license?

My teen will receive her driver’s license near the end of her senior year in high school. I wish she had started the learning and licensing process earlier to have more experience with independent driving before heading to college. OP, to me, delaying independent driving to save on insurance costs i...
by PhilosophyAndrew
Mon Aug 12, 2019 8:59 pm
Forum: Personal Consumer Issues
Topic: Bob Ross Original Paintings
Replies: 5
Views: 945

Re: Bob Ross Original Paintings

The short answer is no, they cannot be easily purchased for any price.

The long answer is much more interesting:

https://www.nytimes.com/video/arts/1000 ... stery.html

Andy.
by PhilosophyAndrew
Mon Aug 12, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Beyond Meat Burger? Do you like?
Replies: 84
Views: 5657

Re: Beyond Meat Burger? Do you like?

I enjoy both Beyond and Impossible burgers. Our teenage daughter is a vegan, and we’ve enjoyed eating many plant-based meals with her.

Andy.
by PhilosophyAndrew
Mon Aug 12, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 63
Views: 5740

Re: The One-Fund Portfolio as a default suggestion

The gain to being stock heavy early and switching to bonds later is high. That's incorrect . The outcome of a gliding allocation is similar (not identical) to the outcome of a fixed allocation at the average of the glide, except that the fixed allocation will have a more coherent outcome. What does...
by PhilosophyAndrew
Sat Aug 10, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: Is Inflation killing my Money Market Account?
Replies: 30
Views: 3436

Re: Is Inflation killing my Money Market Account?

OP, what do you mean by “killing” your account? What are your expectations for your money market account, and what are your objectives in holding some of your assets there? These accounts aren’t designed for capital appreciation, and I don’t understand why you are “being killed” if your money market...
by PhilosophyAndrew
Fri Aug 09, 2019 6:49 pm
Forum: Personal Consumer Issues
Topic: Do You Order "the Special" at Restaurants?
Replies: 50
Views: 4068

Re: Do You Order "the Special" at Restaurants?

In fine dining restaurants, I look for dishes that strike me as innovative or creative. Frequently, these are the specials — sometimes specials are indeed a little more special!

Andy.
by PhilosophyAndrew
Fri Aug 09, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Buy historic, walkable home or stay in blah subdivision with short commute?
Replies: 54
Views: 5351

Re: Buy historic, walkable home or stay in blah subdivision with short commute?

OP, based on your description it seems clear that you would prefer to live in the other home. A few questions: +Does the rest of your family agree with your preference? +For how long are you likely to remain in this area? +Are you likely to want to “trade up” houses again? + How solid is your unders...
by PhilosophyAndrew
Fri Aug 09, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Cloud Backup solutions for 2019?
Replies: 21
Views: 1017

Re: Cloud Backup solutions for 2019?

I use the business edition of CrashPlan (after migrating from the defunct personal edition), as well as Dropbox with the “packrat” option which saves all versions of every file. (The packrat option is no longer offered, but Dropbox maintains it for those who had precisely added it to their accounts....
by PhilosophyAndrew
Fri Aug 09, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals
Replies: 61
Views: 4135

Re: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals

A lot of doomsday on this board. Early 30s and putting away $70k/year and everyone is fretting whether he can buy a car? OP didn’t ask whether he could afford to purchase a car when needed. Rather, he explained that he was tempted to make a $50k celebratory splurge and asked forum members for argum...
by PhilosophyAndrew
Thu Aug 08, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Ideas for Little Charges to keep Cards active
Replies: 87
Views: 4431

Re: Ideas for Little Charges to keep Cards active

How about monthly or quarterly charitable contributions? You can contribute to organizations you support, to podcasts you enjoy listening to, to your local NPR affilaofe, etc etc.

Andy.
by PhilosophyAndrew
Thu Aug 08, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals
Replies: 61
Views: 4135

Re: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals

OP, if you are in the accumulation phase, prioritize on accumulating. Your projections assume constant growth, but you know that won’t happen. Your projections also assume staying continuously invested, which won’t happen if you succumb to lifestyle creep. You will of course need to budget for big e...
by PhilosophyAndrew
Thu Aug 08, 2019 12:12 pm
Forum: Personal Investments
Topic: My NEW Portfolio + The State of the Market (DOWN)
Replies: 56
Views: 3100

Re: My NEW Portfolio + The State of the Market (DOWN)

Since you are investing for the long term, Minor declines like this (or, indeed, full-fledged bear markets) make no difference to your ultimate financial well-being. If you truly cannot live with declines, it is possible that investing is not for you. I would give yourself several years (5-10?) to s...
by PhilosophyAndrew
Thu Aug 08, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a graduate data science job offer, or doing a MSc in Statistics
Replies: 34
Views: 2122

Re: Taking a graduate data science job offer, or doing a MSc in Statistics

Take the job. This allows you to gain marketable experience and will give you practical insight into which, if any, additional degrees will be important for your career development.

Andy.
by PhilosophyAndrew
Thu Aug 08, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 2639

Re: Do you pay for kids college if a non-STEM major?

Absolutely. Why would I want to pressure — or, worse, coerce — my child into choosing a particular major? That is her choice to make, and one that I expect her to make authentically based on her own (not mine!) interests and passions. Perhaps the OP over-estimates the value of STEM majors while simu...
by PhilosophyAndrew
Thu Aug 08, 2019 6:44 am
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 30
Views: 2509

Re: Helping my parents

aristotelian wrote:
Wed Aug 07, 2019 6:15 am
Wow, your dad is a very generous guy! At least the damage wasn't any worse.
So far.
by PhilosophyAndrew
Mon Jul 29, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 6465

Re: Whole-house generators - Generac, Kohler, or Briggs?

Our Generac has been problem-free since it was installed in 2013. We also live in the Mid Atlantic, and our total costs were about $11k, including 500 gallon propane tank, propane tank plumbing, and initial fill of propane.

Andy.
by PhilosophyAndrew
Sat Jul 27, 2019 10:49 am
Forum: Personal Investments
Topic: Perpetual withdrawal rate for non-retirement savings
Replies: 12
Views: 1686

Re: Perpetual withdrawal rate for non-retirement savings

OP, do you want the money to last indefinitely or for some lesser period? If the former, I would use 3% or a little less as an annual withdrawal rate. If the latter, I would follow the withdrawal rates in the VPW spreadsheet for whatever period you like — your life expectancy, 30 years, etc. Obvious...
by PhilosophyAndrew
Wed Jan 30, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 130
Views: 11330

Re: Please share some lifestyle creep you regret.

Expensive camera lenses — I’ve found that I’m happy and well-engaged using my 35mm lens and don’t use the other focal lengths I purchased.

Andy.
by PhilosophyAndrew
Tue Jan 29, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Any recourse when HR department keeps screwing up?
Replies: 69
Views: 3688

Re: Any recourse when HR department keeps screwing up?

OP, if, as you describe, repeatedly trying to address these problems is exhausting to you, one option is to stop trying.

Perhaps the financial benefit of correcting the mistakes isn’t worth the stress and fatigue — few battles are worth fighting to the point of exhaustion.

Andy.
by PhilosophyAndrew
Tue Jan 29, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 45380

Re: What lifestyle creep made you happier?

My list:

(1) Weekly massages;

(2) Weekly personal training;

(3) Making and implementing charitable giving plan;

(4) Increased family travel;

(5) Painting and other projects to spruce up aging home;

(6) Switching to Concierge medical practice; and

(7) Driving a luxury car.


Andy.
by PhilosophyAndrew
Sun Jan 13, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 4218

Re: Duffel Bag vs Wheeled Stand Up traveling

Tom Binh’s Aeronaut bags are excellent non-wheeled bags. See, for example, URL https://www.tombihn.com/products/aeronaut-30. That said, I also think there are excellent wheeled bags for those who prefer those. I prefer the two-wheeeled variant. I travel with both types, depending on what and how muc...
by PhilosophyAndrew
Sat Jan 12, 2019 12:12 pm
Forum: Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 33
Views: 4339

Re: What to do after maxing out all tax advantaged options?

Me and my wife max out our def comps, Roth IRAs, and 529 ( Up to state credit - 10,000 ). Is there a boglehead school of though on the next logical move for excess savings? Ibonds to the max allowed, taxable account, reits, etc, etc....? If you find that you have excess cash after executing your th...
by PhilosophyAndrew
Fri Jan 11, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 234
Views: 19484

Re: What is your allocation to U.S. and International?

For equities, I’m 50% US and 50% International, with the aim of at least loosely matching global market capitalization. Portfolio is 80% equities/20% bonds.

I don’t invest in international bonds.

Andy.
by PhilosophyAndrew
Wed Jan 09, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: 401K "Control Group", unable to rollover from previous employers 401K
Replies: 21
Views: 1070

Re: 401K "Control Group", unable to rollover from previous employers 401K

Is the issue simomy that the relevant corporate HR staff has not set your status as a former employee? In that case, you need to find out who is the corporate contact for the plan that has the incorrect employment status for you. Fidelity should be able to give you that’s individual’s name and conta...
by PhilosophyAndrew
Thu Jan 03, 2019 9:48 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5593

Re: Ever wonder if you are saving Too Much?

Do people really need to be reminded that there should be a balance between saving and spending? It seems self-evident. JT I think discussing that balance is a useful way to correct for over-the-top advocacy for higher and higher savings rates, lower and lower withdrawal rates, and preparing longer...
by PhilosophyAndrew
Wed Jan 02, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8788

Re: Your ideal home size

Our 2500sf house works well for our family of three (we did, however, add around 300sf a few years ago by finishing part of the basement). This is the only house we’ve owned — have lived here nearly about 25 years. I don’t think we would particularly enjoy living in a significantly larger house. Andy.
by PhilosophyAndrew
Tue Jan 01, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: Stay the Course! But...?
Replies: 11
Views: 1977

Re: Stay the Course! But...?

OP, to me the point of staying the course is not to optimize returns, but rather is to prevent avoidable mistakes, including making many changes to your investments over your lifetime in a fruitless attempt to secure perfectly optimized investment returns. Perfectioism is damaging in many contexts, ...
by PhilosophyAndrew
Sun Dec 23, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: "Stay the course" is rational -- but is it reasonable?
Replies: 43
Views: 5647

Re: "Stay the course" is rational -- but is it reasonable?

Staying the course is rational and reasonable when you have selected asset allocations that allow you to sleep at night during best [sic; should be ‘bear’] markets. Or, put slightly differently, staying the course becomes unreasonable only if your asset allocations are irrational. Andy. And this me...
by PhilosophyAndrew
Sat Dec 22, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: London Neighborhood Recommendation
Replies: 37
Views: 2674

Re: London Neighborhood Recommendation

The last time we visited London, in 2015, we enjoyed staying in Mayfair — we had a lovely view of Hyde Park from our room.

The area wasn’t too crowded, the tube was just a block or two from our hotel, and Buckingham Palace was a short walk across Green Park.

Andy.
by PhilosophyAndrew
Sat Dec 22, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: "Stay the course" is rational -- but is it reasonable?
Replies: 43
Views: 5647

Re: "Stay the course" is rational -- but is it reasonable?

Staying the course is rational and reasonable when you have selected asset allocations that allow you to sleep at night during [edited to correct autocorrect failure] BEAR markets. Or, put slightly differently, staying the course becomes unreasonable only if your asset allocations are irrational. An...
by PhilosophyAndrew
Sat Dec 22, 2018 4:22 pm
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 12115

Re: My Christmas Present To You

Merry Christmas. Taylor.

It is wonderful that you will celebrate this year with the descendants of the family that showed you such kindness.

Andy.
by PhilosophyAndrew
Sat Dec 22, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2723

Re: Expensive Colleges - Investment Worth It

OP, “worth it” what sense exactly? Some here have a narrow definition of value along the lines of expected future earnings, whereas others value non-financial things like quality of professors, degree of intellectual challenge from peers, present and future networking opportunities, level of academi...
by PhilosophyAndrew
Sat Dec 22, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11678
Views: 2011322

Re: Stayed the course during a downturn?

I would think you can accurately say that you stayed the course throughout the downturn only once the downturn is over.

Andy.