Search found 470 matches

by PhilosophyAndrew
Wed Jan 30, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 130
Views: 11145

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: 3665

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: 332
Views: 33136

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: 3990

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: 4284

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: 221
Views: 16709

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: 1055

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: 5508

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: 8602

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: 1961

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: 5584

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: 2597

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: 5584

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: 11711

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: 2674

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: 11008
Views: 1918303

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.
by PhilosophyAndrew
Sat Dec 22, 2018 7:12 am
Forum: Personal Investments
Topic: Low ER 401K to High ER 401K - Change Plan/Contribution Habits?
Replies: 7
Views: 362

Re: Low ER 401K to High ER 401K - Change Plan/Contribution Habits?

You are right that you should not rollover your old 401k. I would absolutely still max out your 401k. Although the ERs are higher, they are nowhere near high enough to offset the 401k tax advantage. Your best choice is: T. Rowe Price Equity Index 500 - 0.21% If you can, I would invest just in that ...
by PhilosophyAndrew
Fri Dec 21, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 24081

Re: Whose buying today? where's all the "dry powder" folks at? :)

I don't believe in having "dry powder." If I have extra money to invest, I invest it on the first of the month as I always do. I don't keep it around as "dry powder" to invest when I think the market has dropped to a certain level. +1 Time in market seems key to me — keeping investable cash on the ...
by PhilosophyAndrew
Wed Dec 19, 2018 10:12 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6345

Re: Should I buy a Tesla?

The average Model 3 insurance cost across 150 ZIP codes is $2,814 per year. From Automotive News https://www.autonews.com/article/20180825/RETAIL01/180829804/tesla-s-affordable-model-3-is-expensive-to-insure Our Model 3 costs more to insure than either our Mercedes E-class sedan or our Toyota Prius...
by PhilosophyAndrew
Thu Oct 25, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: Coffee grinder
Replies: 56
Views: 4292

Re: Coffee grinder

Dear Coffee snobs - what do you think is the best coffee grinder on the market? If its something absurdly expensive what is another decently priced workhorse? OP from a coffee snob perspective, it is something absurdly expensive — perhaps something like this: https://prima-coffee.com/equipment/mahl...
by PhilosophyAndrew
Mon Oct 22, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: What to do with >$1000 in Amazon credits?
Replies: 57
Views: 5356

Re: What to do with >$1000 in Amazon credits?

OP, it sounds like you don’t use Amazon enough for these credits useful to you. If so, why not abandon the idea of using them for yourself and instead purchase items needed by a local charity you value?

This would help others and end any anxiety you feel about not using the credits.

Andy
by PhilosophyAndrew
Thu Oct 11, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: tablet or small laptop for general and travel computer?
Replies: 41
Views: 2421

Re: tablet or small laptop for general and travel computer?

I love the Dell XPS-13 laptop for travel.

Andy.
by PhilosophyAndrew
Thu Oct 11, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 79
Views: 6439

Re: Anyone done a Hair Transplant?

TxAg wrote:
Wed Oct 10, 2018 10:14 pm
Buzz your whole head with a #1. I think that's the best look for early balding.
This is what I do.

OP, if your balding affects your confidence so much theat your profesional growth is in jeopardy, I would confront that issue directly with a therapist or other trusted helper.

Andy.
by PhilosophyAndrew
Tue Oct 09, 2018 2:43 pm
Forum: Personal Investments
Topic: How to get over paper loss?
Replies: 43
Views: 4031

Re: How to get over paper loss?

I've held onto $20k company stock from my ESPP and had a paper loss of about $6-7k. Bogleheads advised me to sell it all and buy an index fund and don't try to time the market. I really didn't want to take a loss, but decided to sell $10k company stock and put it all in SCHB last week. A week later...
by PhilosophyAndrew
Fri Oct 05, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Carry On Luggage Recommendations
Replies: 39
Views: 2521

Re: Carry On Luggage Recommendations

OP, what is uour budget?

If they are in your price range, I recommend the Tom Binh and Briggs & Riley brands, depending on which of their (extremely different) styles you prefer.

Both brands are well-designed and well-constructed


Andy.
by PhilosophyAndrew
Thu Sep 20, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 9239

Re: Can Sneakers go with Business Casual?

I haven't read all of the other responses, however part of it depends on the industry you work in. I'm in the music industry and wear sneakers most days. Yesterday, our CEO was wearing shorts and Converse shoes. But does your office enforce a business causal dress code as opposed to permitting caus...
by PhilosophyAndrew
Wed Sep 19, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
Replies: 28
Views: 2556

Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements

OP, if you find it inconvenient to have the bank statements delivered to your mailbox, you can easily change banks or rent a PO Box.

Asking the organization to change its policy seems like an exercise in frustration because your request is unlikely to lead anywhere.

Andy.
by PhilosophyAndrew
Mon Sep 17, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3678

Re: a low grade in a 9th-grade test

If it were my daughter, I would expect her to meet with the her teacher for additional coaching and tutoring.

This is the norm at her high school, and if your daughter’s teacher is willing to work with her one-on-one, that might help maximize your daughter’s learning and intellectual growth.

Andy.
by PhilosophyAndrew
Mon Sep 10, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6437

Re: Vacation house? Need objective third party

OP, how long does your spouse plan to work in the new position? I know from family and friends that this can be a high-stress, high-burnout job, and so I recommend, first, reflecting hard and honestly avoutt how long your spouse might wish to remain in that job and, second. assessing your family’s f...
by PhilosophyAndrew
Mon Sep 10, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6437

Re: Vacation house? Need objective third party

OP, is the income you cite new? If so, how secure is it? If the income is not new, something may not add up — one would expect to see a higher net worth from a frugal family with a long-term income that high. What are your annual expenses, and how much extra expense would makigngigs purchase incur? ...
by PhilosophyAndrew
Sun Sep 09, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 9239

Re: Can Sneakers go with Business Casual?

No, thst would not be acceptable. Sneakers are causal full stop — business causal is more Forman l than that.

Andy.
by PhilosophyAndrew
Sat Sep 08, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3333

Re: Is it sensible to buy a car from Elon Musk?

Sure, Musk’s behavior provides a reason to pause, as does the uncertain future of his car company. However, to me these reasons don’t have much force. Buying a car is just another purchase — it would be a bummer, but not disastrous, if Tesla fails as a company. In the meantime, my wife is really enj...
by PhilosophyAndrew
Wed Sep 05, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 5066

Re: How much do you spend on kids extracurriculars?

My kids are grown now, but from my experience many parents paid all these crazy club team fees thinking their little Johnny/Sally would be the next great superstar. Rarely happens and mostly a waste of money, especially if they could have just played in a local league. I've coached multiple sports ...
by PhilosophyAndrew
Wed Sep 05, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 80
Views: 12242

Re: Tesla Model 3 Owners: Your experience so far

1. Was it worth the money? Yes. 2. Months of ownership so far? Delivered 6/1, so 3 months (slightly over 5,000 miles). 3. Still positive, negative or somewhere in between (say on a 1-5 scale, 5 being very positive / happy). 5. 4. Any big issues / surprises? Nope. 5. What was the first issue you had ...
by PhilosophyAndrew
Mon Sep 03, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 8196

Re: I still use cash not credit cards should I reconsider?

Smitcat, a 2% rebate would only amount to $2,000 — the credit card ‘games’ must really pay off well if there are extra earnings to be had that will fund t least six trips!

I’m impressed!

Andy.
by PhilosophyAndrew
Mon Sep 03, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 6134

Re: Does it make sense to invest in individual stocks if you stick to what you know?

I mean suppose you're a doctor or a surgeon. The guy actively managing the big Fidelity fund will know much less than you about drugs and stuff like that; he will hold 50 or perhaps 100 stocks in his portfolio in all sorts of fields and he's an expert in none of them. Thanks to your specialised pro...
by PhilosophyAndrew
Mon Sep 03, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 8196

Re: I still use cash not credit cards should I reconsider?

There are 1,000,000 CC threads but the general answer is: if you'd like to go through life with a 2% discount on everything you should get a credit card. Regarding your questions about keeping track--if you're just walking around with a stack of $20s and replenishing when you are low, I can't imagi...
by PhilosophyAndrew
Mon Sep 03, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Neighbor Fencing question
Replies: 50
Views: 4173

Re: Neighbor Fencing question

If it is obvious that the reason the fence is being replaced is because of the encroaching tree, at worst you should pay for your half less half of the prorated value of the existing fence. For example, if a 10 year old existing fence has a 20 year life you should pay 1/2 x 1/2 for the cost of a ne...
by PhilosophyAndrew
Mon Sep 03, 2018 4:44 pm
Forum: Personal Investments
Topic: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?
Replies: 79
Views: 3444

Re: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?

OP, surely you already know what can go wrong with limiting your investments to two stocks. What motivates this change of heart? Are you afraid that you are missing out by letting diversification lower risk? Are you so eager to improve your returns that you don’t care about the risks that you are co...
by PhilosophyAndrew
Mon Sep 03, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 5066

Re: How much do you spend on kids extracurriculars?

Our family has three significant extracurricular expenses for our teenager: Competitive dance team, CTY Summer Camp, Grest Books Summer Camp. My own experiences were quite different than this — I did no programs like this but worked all Summer and part of the school year — but these programs seem to...
by PhilosophyAndrew
Sun Sep 02, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Gentlemen: underwear shopping question
Replies: 35
Views: 4266

Re: Gentlemen: underwear shopping question

What is your budget? If you are willing to check out higher-end products, I find these extremely comfortable: https://taniusa.com/products/swisstouch-boxer-brief-most-comfortable-mens-underwear They always have sales, and frequently discounted multipacks, so the quoted list price is fictional. Andy.
by PhilosophyAndrew
Sat Sep 01, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Amazed by Vanguard Wellington's Performance
Replies: 71
Views: 16931

Re: Amazed by Vanguard Wellington's Performance

Congratulations on such great long term growth of your fund. But the chances of this fund outperforming the markets, for any length of time, into the future is less, and less as time goes forward. What is your rationale for asserting this? I’m interested in understanding your reasoning. Andy.
by PhilosophyAndrew
Fri Aug 31, 2018 11:58 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 111133

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

If your main concern is total return, I suppose you could just invest in whichever type of equity you believe will have the best return. No one know that. However, most know which has the least chance of the most harmful outcome - unless we’re still pretending that investing in Russia and other sin...
by PhilosophyAndrew
Fri Aug 31, 2018 11:40 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 111133

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Here are my thoughts on investing in international stocks. Would like to hear comments. Consider these 5 facts: 1. Diversification: Over 40% of the revenues of the S&P 500 come from international operations. So, the S&P 500 already has international covered. 2. Performance: International stocks as ...
by PhilosophyAndrew
Fri Aug 31, 2018 11:08 pm
Forum: Personal Investments
Topic: Investing in a Broadway show production
Replies: 38
Views: 3556

Re: Investing in a Broadway show production

michaeljc70 wrote:
Sat Aug 25, 2018 10:56 am
Given the OPs description (huge passion, etc), I would consider this a hobby/donation rather than an investment. Maybe like when you donate to the arts, a museum, etc. I would have a very low expectation of getting the money back.
+1
by PhilosophyAndrew
Mon Aug 27, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 22
Views: 4238

Re: Potential Claw-Back from IRS of Gifted Assets

OP, your estate will be taxed following the laws on force at the time of your death. Andy. It's not quite that simple/clear. If the gift exemption is $11M before 12/31/25, and you gifted that amount before that date....but the "Estate and Gift Tax Exemption Amount" is half of that after that date a...
by PhilosophyAndrew
Mon Aug 27, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 22
Views: 4238

Re: Potential Claw-Back from IRS of Gifted Assets

OP, your estate will be taxed following the laws on force at the time of your death.

Andy.
by PhilosophyAndrew
Sun Aug 26, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: What to put in a care package for college student
Replies: 44
Views: 2832

Re: What to put in a care package for college student

My stepdad sent big boxes of homemade chocolate chip cookies — “Andy got another box from Ron” days were happy days in the dorm.

Andy.
by PhilosophyAndrew
Fri Aug 24, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: how much more we should put in 529?
Replies: 24
Views: 3233

Re: how much more we should put in 529?

OP, if you can afford to invest more in the 529 without compromising your other financial goals or sacrificing your desired lifestyle, I think that investing in your child’s future higher education (and perhaps her childrens’) is a marvelous way to use your surplus assets.

Andy.
by PhilosophyAndrew
Fri Aug 24, 2018 11:58 am
Forum: Non-US Investing
Topic: How to invest $2+ million?
Replies: 5
Views: 1105

Re: How to invest $2+ million?

OP, it isn’t reasonable to expect to generate significantly more income without assuming some short-term risk to the value of your investments. If you wish to have the entire $2M available for spending, don’t do anything — but also realize that inflation has been and will continue to erode the purch...