Search found 912 matches

by smackboy1
Fri Nov 17, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 80
Views: 3991

Re: POAs may not be that powerful

Durable POAs present a huge risk of fraud or malfeasance. To be useful they have to give the agent immediate unfettered power over the principal's assets. This is either simply not true or else we are not all understanding the term "durable" to mean the same thing (probably the later). Some have in...
by smackboy1
Wed Nov 15, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 80
Views: 3991

Re: POAs may not be that powerful

Durable POAs present a huge risk of fraud or malfeasance. To be useful they have to give the agent immediate unfettered power over the principal's assets. Financial institutions do not like getting caught in the middle and potentially be exposed to liability. Durable POAs are generally not drafted t...
by smackboy1
Tue Nov 14, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3409

Re: Borrowing from parents - what interest rate?

I am soon to borrow a substantial sum of money from my parents, which will be used to purchase a new home. The loan will be repaid within 5 years and we will have a formal agreement drawn up to avoid any misunderstandings down the track. The money will come from the portion of their retirement savi...
by smackboy1
Wed Nov 08, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 85
Views: 6560

Re: Negotiating for a new car purchase

The key to successful negotiation - any negotiation, is to understand what is really happening in the minds of the parties. Professional negotiators know this i.e. salepeople, lawyers, politicians, diplomats, hostage negotiators etc.. The average layperson does not understand this and are like the f...
by smackboy1
Tue Oct 31, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Non Stick frying pan
Replies: 66
Views: 5355

Re: Non Stick frying pan

I need a little consumer advice on purchasing a good non stick frying pan. I cook eggs at least 3 times a week and need a frying pan that will hold up to this constant abuse of sticky eggs and cheese. I have tried upgrading to Calphalon with fantastic results at first but after about 2 years it tur...
by smackboy1
Tue Oct 31, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Get Lexus service at Toyota and save?
Replies: 29
Views: 1765

Re: Get Lexus service at Toyota and save?

Called the Lexus dealer for a quote on a straight oil change and tire rotation in our hybrid Lexus: $180 Called the independent Lexus specialist for the same service: $170 Called the Toyota dealership: $70 Is there any reason not to just take the Lexus to the Toyota dealer and save $100? Why not ta...
by smackboy1
Wed Oct 25, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Package addresssed to my address, someone else's name, on house I am selling
Replies: 35
Views: 2704

Re: Package addresssed to my address, someone else's name, on house I am selling

My wife & recently moved and are selling our old house. She dropped by the house to do something or other and found a package on the porch. It was addressed properly to that house, but the name on the package is one neither of us recognized. The package appears to contain a new smartphone. How do I...
by smackboy1
Mon Oct 23, 2017 6:28 pm
Forum: Personal Consumer Issues
Topic: Any BMW X5 owners?
Replies: 17
Views: 2390

Re: Any BMW X5 owners?

I am looking at an Mpsort 2015 X5 cpo, but hearing so many people say not to own it out of warranty makes me not take the risk. We did lease a 328xi and it was great, but don't know if it would have had issues if we had kept it past it warranty. The BMW code for the X5 chassis you are looking for i...
by smackboy1
Sun Oct 22, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Directed Trustees
Replies: 5
Views: 376

Re: Directed Trustees

I have heard that there are trust companies known as directed trustees which allow for a separate financial advisor to do the investing part while the directed trustee does the administrative tasks such as accountings, tax returns, etc. I have done an internet search to find such a directed trustee...
by smackboy1
Sun Oct 22, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.
Replies: 72
Views: 5159

Re: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.

I haven't actually tracked my Porsche or any of my other cars (like my Viper that I used to have) for the reason that it is expensive to maintain a Porsche, we all know that, but I can afford it. But, when you track a car, there is a lot of wear/tear that gets put on the car and that will just caus...
by smackboy1
Sun Oct 22, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.
Replies: 72
Views: 5159

Re: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.

Right now my stable is a 2012 Mazdaspeed3 and a 2007 Porsche 911 Turbo all of them paid in full cash. As I start to grow older and my wife and I start to focus on starting a family next year, I'm starting to "mature" in my car taste I feel. I no longer feel the need that I need a "daily driver" and...
by smackboy1
Sun Oct 22, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21163

Re: My Favorite Alternative Funds

Something else to ponder is what is meant by "risk". What do you understand to be "bond-like risk" and what others are describing by the same term? I would guess that most people are only talking about standard deviation and correlation. So an investment with an SD of 10 would be said to have compar...
by smackboy1
Thu Oct 12, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: SUV options with 3 little kids
Replies: 57
Views: 3378

Re: SUV options with 3 little kids

The most practical option is the minivan. It's not the most stylish or luxurious or technologically advanced. Getting an SUV instead of a minivan is not the end of the world, but it will involve some compromises. We've owned almost the brands you mentioned: Audi, MB, Porsche, BMW, Land Rover, Toyota...
by smackboy1
Thu Oct 12, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21163

Re: My Favorite Alternative Funds

But isn't comparing SRRIX to the stock of reinsurance companies missing the point? An investment in SRRIX is exposure to returns and risks of only the profits and losses of the insurance underwriting. The quotas it holds are like profit/loss sharing contracts. Whereas investing in BRK or Munich Re o...
by smackboy1
Tue Oct 10, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6562

Re: Asking for discounts

For those for whom the link didn't work, here is the the This American Life - Good Guys broadcast: https://www.youtube.com/watch?v=Yv9uH8iLVy8 This is an interesting topic and I've made similar observations. I've noticed that asking for discounts is just one manifestation of a much broader personali...
by smackboy1
Tue Oct 10, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: When to buy new tires? - penny or quarter test
Replies: 35
Views: 2264

Re: When to buy new tires? - penny or quarter test

Tire replacement time can be a nuanced decision. But it's never wrong to err on the side of caution and replace tires a bit earlier rather than risk an accident. After all, the entire 2 ton car and passengers are riding on 4 rubber contact patches, each of which is only about the area of your hand/f...
by smackboy1
Fri Sep 29, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 238
Views: 57820

Re: My New Car Buying Tips

Congrats! And thanks for the detailed write up. I just bought 2 BMWs in the last 12 months using this method and saved thousands of $ and hours of time. Here are some tips and observations of my own: - Not all dealerships or sales managers care about internet sales. Dealerships have allocations of n...
by smackboy1
Thu Sep 21, 2017 7:32 pm
Forum: Personal Consumer Issues
Topic: Set up a "reverse auction" to get a deal on buying a car
Replies: 32
Views: 2745

Re: Set up a "reverse auction" to get a deal on buying a car

I bought 2 BMWs built to order from the factory using this reverse auction process. I just took delivery of a 2018 3 series last week for an out the door price 13% less than the MSRP + tax, tags and fees. When I placed the order the 2018 cars hadn't even left the factories yet. Last year I ordered a...
by smackboy1
Fri Sep 15, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 1798

Re: Audio books

I get all my audio books from my local library. Either CDs or electronic media. Audio books can also be borrowed via inter library loan. iTunes can be used to convert CD media to audio files for listening on devices. I use Chapter and Verse to chapterize all the files for easy organization and liste...
by smackboy1
Mon Sep 11, 2017 2:07 pm
Forum: Personal Consumer Issues
Topic: "Luxury" Vinyl vs Laminate flooring?
Replies: 35
Views: 3012

Re: "Luxury" Vinyl vs Laminate flooring?

We remodeled our house a year ago. We used Shaw Floorte top of the line vinyl throughout. https://shawfloors.com/inspiration/special-collections/resilient-vinyl-design/floorte-pro We did not use laminate at all because unlike vinyl it is susceptible to water damage. We replaced the oak floor in the ...
by smackboy1
Mon Sep 11, 2017 12:00 pm
Forum: Personal Consumer Issues
Topic: UPS plug problem
Replies: 8
Views: 954

Re: UPS plug problem

Most UPS do not have enough outlets. Get splitter extensions so you can plug in more devices.

https://www.amazon.com/C2G-Cables-29803 ... %2Bac&th=1
by smackboy1
Mon Sep 11, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Electric car in evacuation situation
Replies: 61
Views: 4500

Re: Electric car in evacuation situation

EV w/ optional ICE range extender e.g. BMW i3 REx. Plug in to recharge and carry 10 gallons of spare gas.
by smackboy1
Wed Aug 30, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bond substitutes ?
Replies: 16
Views: 1915

Re: Bond substitutes ?

What about peer to peer lending through a fund?

Discussed here quite a bit:

viewtopic.php?t=204480
by smackboy1
Wed Aug 30, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Legal Documents Required
Replies: 3
Views: 571

Re: Legal Documents Required

We recently bought a house - We have a little one 4.7 years old. What documents should we have to cover for the scenarios in case one of us passes away or should something happen to both of us to ensure all accounts are settled and good financial future is ensured for her. . . Personally the worryi...
by smackboy1
Tue Aug 29, 2017 4:25 pm
Forum: Personal Consumer Issues
Topic: ICE, hybrid, Phev, electric for short trips
Replies: 36
Views: 1936

Re: ICE, hybrid, Phev, electric for short trips

I am trying to find some resources on which car gets better mileage under very short driving circumstances. One of our car sees only 3-5 miles trips at a time. Call it grocery store, take out, nearby mall, even work sometimes. I was never able to get the lower end of the city mileage due to this. I...
by smackboy1
Tue Aug 01, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4719

Re: Wooden flooring in kitchen

I'm remodeling a house, and wife wants an open floor plan. So we will have a very large living room and kitchen and she wants wood flooring throughout. As impractical as this is, this seems to be the latest trend in high end homes in SoCal. For those of you that went this route, how would you rate ...
by smackboy1
Thu Jul 27, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance as a tax diversification strategy
Replies: 39
Views: 2536

Re: Life insurance as a tax diversification strategy

A friend recently meet with a Thrivent representative and was presented with an idea using life insurance as a tax diversification strategy: “A cash-value life insurance policy can potentially offer investment growth, a tax-free source of income in retirement and tax benefits while you save. With a...
by smackboy1
Tue Jul 18, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Car braking on downward slopes
Replies: 22
Views: 1541

Re: Car braking on downward slopes

What is the definition of riding the brakes? I thought it would be when you are on a road with a lot of curves (such as SF's Lombard Street) and you keep hitting the brakes often is what it means; however, if I am going down one long incline and I brake once and keep the brake pressed to stop the c...
by smackboy1
Tue Jul 18, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Car braking on downward slopes
Replies: 22
Views: 1541

Re: Car braking on downward slopes

But I am really curious - is it really good for the car? Or should I have manually put the car on a lower gear? This is so counter-intuitive, as I have never had to do something like this previously. General rule: brake pads are cheap to replace. Rebuilding an engine is not. In normal driving use t...
by smackboy1
Fri Jun 30, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Amazon Echo vs. Google Home: which to get?
Replies: 41
Views: 3287

Re: Amazon Echo vs. Google Home: which to get?

We have both an Amazon Echo and a Google Home. We do not have any other connected switches or devices. Here are what we've noticed after a few months with both: - Both are similar speaking and listening devices. The novelty of hearing the time, weather and your daily calendar wears off after a while...
by smackboy1
Thu Jun 22, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21150

Re: Siblings in disagreement over mom's house.

Update: . . . 3. I spoke to a mediator for close to an hour and the key to all this is getting all 5 of us in the same room to talk. This is going to be really tough. To answer some questions: 1. If there was harmony amongst us there would be no issue with the house. 2. Yes, agree there is always 2...
by smackboy1
Thu Jun 22, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Replacing bonds with actively managed real estate
Replies: 19
Views: 1687

Re: Replacing bonds with actively managed real estate

I have an 80/20 allocation, with the bond portion split between FLBAX (long-term) and FSITX (broad quality bond index). I'm considering replacing it with real estate, for the following reasons: - Return on bonds seems dismal. Confirmed opinion from other bogleheads I've read here, and famously Buff...
by smackboy1
Tue Jun 20, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21150

Re: Siblings in disagreement over mom's house.

+1 on entering mediation with a mediator with legal expertise in real estate partition situations. A good mediator will be a little bit of: judge, lawyer, therapist, game theorist. If OP's family wants to have the best chance of maintaining any kind of future family harmony, then all parties have to...
by smackboy1
Sun Jun 18, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: BMW X5 2017 - Seeking advice
Replies: 40
Views: 3828

Re: BMW X5 2017 - Seeking advice

Just bought a 2017 X5 xDrive 40e. It is 8 months 14,000 miles old. I detailed my negotiation and purchase experiences on this board: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=199965&p=3074340#p3074340 The internal factory code for the current X5 is F15, of which 2014 was the first MY. Th...
by smackboy1
Thu Jun 15, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Just married - start a joint taxable account?
Replies: 18
Views: 1481

Re: Just married - start a joint taxable account?

Wondering if we should start a joint brokerage account, maybe adding $1k/month each into it? Or if I should just set one up in her name to start accumulating for future. Congratulations! :sharebeer Marriage brings lots of changes and stressors. Finances are a huge stressor, so don't make it more di...
by smackboy1
Thu Jun 15, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6473

Re: Curious to odd estate question

In simplistic terms you simply want to burn the pile of assets that represents your estate so no one benefits from the value of your estate. You do not want to give it charity, the Government or anyone, you want your wealth irradiated. Is there a legal mechanism to do so? Seriously, in order to des...
by smackboy1
Thu Jun 15, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6473

Re: Curious to odd estate question

chinto wrote:Scenario, you want any assets that remain after you die to essentially vaporize so no one (person, institution, Government, Church, Charity) can benefit from them.
Paging Bernie Madoff, would Bernie Madoff please pick up the white courtesy phone. . .
by smackboy1
Wed Jun 14, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Please throw darts at my estate plan (probate avoidance)
Replies: 11
Views: 1414

Re: Please throw darts at my estate plan (probate avoidance)

After reading Nolo’s Plan Your Estate book, I’ve decided to rely on a will and payable or transfer on death tools. The book advised avoiding probate as much as possible. This is what I plan to do for us. The intent is he gets all my assets and I get all his assets (we are childless). I would apprec...
by smackboy1
Tue Jun 13, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 2945

Re: Variable Life Insurance as an Investment Vehicle

I am kind of curious if the product is useful for anyone (other than the salesman)? Is there any situation in which its worthwhile. It is possible, but in order to figure it out you would have to deconstruct the product and run the numbers yourself. The product is in essence 2 parts: life insurance...
by smackboy1
Mon Jun 12, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Flexibility in trust distributions
Replies: 9
Views: 914

Re: Flexibility in trust distributions

My father-in-law Bob has a boilerplate revocable living trust that says his assets are to be distributed "per stripes". One of Bob's children, Alice, recently died; she has two disabled children receiving SS benefits that they may lose if their assets are too high. (I am not sure of this.) When Bob...
by smackboy1
Fri Jun 09, 2017 7:41 am
Forum: Investing - Theory, News & General
Topic: Allen Roth article on how to get 5% income
Replies: 16
Views: 3074

Re: Allen Roth article on how to get 5% income

The Wizard wrote:Sadly, that article is blocked...
:(
WSJ still grants free access through Facebook https://m.facebook.com/l.php?u=[TYPE IN WSJ URL HERE]

https://m.facebook.com/l.php?u=https:// ... 1492787140
by smackboy1
Tue May 30, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: biz renter skipped out - what are options
Replies: 10
Views: 2337

Re: biz renter skipped out - what are options

So - what exactly can be done at this point against this ex-renter.... who happens to still be in the area, at another building ? - we have issued some kind of letter and summons... not sure, again - info not shared - BUT - is there anything that can be done to warn other "searchers" about this per...
by smackboy1
Fri May 26, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: New car doc fees
Replies: 42
Views: 3362

Re: New car doc fees

The model I was looking at had incentives, 4000 for cash, 6000 if financed. I could finance as little as 6000 and still be eligible for the 6000. The rate was 4.9% and I was told after 90 days I could pay off the loan with no prepayment penalties. Seems worth it but I have salesman trust issues. If...
by smackboy1
Fri May 26, 2017 10:39 am
Forum: Personal Consumer Issues
Topic: advice on hvac replacement decision
Replies: 21
Views: 2757

Re: advice on hvac replacement decision

The HVAC contractor proposals should been assembled using a manual J heat load calculation. That will give you the energy needed to heat and cool your house. Take the HVAC proposals and plug them into this calculator along with the manual J data and your utility costs. It will give you an idea of th...
by smackboy1
Fri May 26, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: New car doc fees
Replies: 42
Views: 3362

Re: New car doc fees

Price is cut and dry with an employee discount through son. Dealership sales person said the doc fee was $210 in MI. He said it is mandated by the state and non negotiable because it goes to the state much like sales tax. I googled this and it says the MAXIMUM doc fee allowed in MI for doc fee is $...
by smackboy1
Fri May 26, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: best way to buy tires
Replies: 61
Views: 6100

Re: best way to buy tires

2. Right now, the process i use is basically shop around what i need to the local tire centers (i've been using hankooks but not sure if that's the best brand to use)... sometimes that works (a little), most times not ... it's time consuming and ineffective ... there's got to be a better way 3. Ide...
by smackboy1
Mon May 22, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Luxury Vinyl: Educate Me
Replies: 15
Views: 2600

Re: Luxury Vinyl: Educate Me

We used LV tile and plank in our kitchen and bathrooms for our recent renovation. We decided against laminate early on because all our locations were wet. LV and laminate are pretty much identical in function with the exception that LV is pretty much impervious to water damage and laminate is not. I...
by smackboy1
Mon May 22, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: Tire Puncture - plug from outside or patch and plug from inside
Replies: 31
Views: 2468

Re: Tire Puncture - plug from outside or patch and plug from inside

My automobile tire has a puncture between the tread probably 1/4" or less (screw). My research tells me that it is better to patch and plug from the inside of the tire and that if done this way - the tire should live out its lifespan. No need for new tires. Take it to a reputable tire shop for eval...
by smackboy1
Mon May 15, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: mirror or clone my windows 10 HD?
Replies: 10
Views: 1090

Re: mirror or clone my windows 10 HD?

I've spent over an hour so far googling on the internet and within the BH site to get some advice on which I want to do. I'm looking for a simple "mirror" or "clone" answer. All the answers seem too detailed for me. I need a KISS answer. I've been postponing installing the W10 Creators update. Now ...
by smackboy1
Thu May 04, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: do we have too much disability insurance?
Replies: 11
Views: 1149

Re: do we have too much disability insurance?

Me 34 DW 32 Both physicians. No children. Current income $490k, will be $660k in 2018. Ultimately, it's a personal decision. It might be useful to play out some hypothetical scenarios together - especially the unlikely ones that carry catastrophic consequences. How vulnerable are each of your speci...