Search found 926 matches

by smackboy1
Fri Dec 15, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Documents Required
Replies: 8
Views: 1169

Re: Legal Documents Required

This is what I was asking. Say Grantor #1 creates a living trust for the benefit of her daughter, with language so that the successor trustee takes over control of trust assets for the benefit of Grantor #1 in case of incapacity of Grantor #1. Say Grantor #2 sets up a testamentary trust for the ben...
by smackboy1
Fri Dec 15, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 5976

Re: Snow Tires? Worth it?

I got 4 WRG3s on an AWD sedan and would appreciate your input on what to watch for with these tires. I also have Nokian WRG3 on an AWD minivan. I drive in NJ and drove on these tires through "snowmageddon 2015" when we got 2-3 feet drifts. I also previously had Blizzaks on the same car. Our other c...
by smackboy1
Thu Dec 14, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 5976

Re: Snow Tires? Worth it?

1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course 11 Use snow tires :wink: 12 Don't let AWD give you a f...
by smackboy1
Thu Dec 14, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: your inheritance for young kids
Replies: 33
Views: 5272

Re: your inheritance for young kids

A lawyer who specializes in estates and trust will typically also have an LLM in tax. An LLM is an additional law degree post JD. LLM and CPA are entirely different things. The field of estate and trusts is very tax intensive and has to take into account current and future tax laws. Generally: When ...
by smackboy1
Wed Dec 13, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: My Costco/TrueCar auto shopping experience
Replies: 44
Views: 11483

Re: My Costco/TrueCar auto shopping experience

I know from what others have said that the TrueCar price is crap. My question is, is it still somewhat high? In other words, you're saying I should get a better price from what is quoted by them? Can you give me a ballpark figure as to how much less I should be able to get? 10%, 20% less? It's diff...
by smackboy1
Wed Dec 13, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 2596

Re: Espresso Machine suggestions?

TarHeel2002 wrote:
Sat Dec 09, 2017 12:12 pm
What I do mind is the time it takes to drive to the other side of town to get a decent one.
You anywhere near Counter Culture? They have excellent coffee and knowledge.

https://counterculturecoffee.com
by smackboy1
Tue Dec 12, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: Best Touch Screen Set-Up (mouse problems)
Replies: 3
Views: 282

Re: Best Touch Screen Set-Up (mouse problems)

I've been having troubles with using a mouse and was thinking of changing to something touch screen. . . With touch screen, are my options pretty much an ipad? or Chrome book? The first thing to do is figure out what the problem is that needs fixing. Then find a solution tailored to that problem. I...
by smackboy1
Mon Dec 11, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 2596

Re: Espresso Machine suggestions?

Thanks for the link. $500-1k budget is what I was thinking. I jumped into the deep end of the espresso pool about 3 years ago so I know what it's like to be in your shoes. The most important thing is to figure out exactly what you want out of coffee before spending any $. It's really easy to waste ...
by smackboy1
Sun Dec 03, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Buy Warranty for Bosch Appliances?
Replies: 15
Views: 895

Re: Buy Warranty for Bosch Appliances?

Would you buy it? No. It's usually an insurance policy and not worth it. I use my Amex which will extend the OEM warranty by up to 1 year. In my experience many brand name manufacturers are customer service oriented and do not like bad reviews. Bosch is a huge consumer brand. As such in certain cir...
by smackboy1
Thu Nov 30, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Decision Needed - How to Invest Rental Income?
Replies: 16
Views: 637

Re: Decision Needed - How to Invest Rental Income?

In general though without any context, I'd tell you to keep that cash on hand for a year without doing anything. I have several rentals and have had them for years. Everything goes well for months or even a year or two, then you'll need a $8000 HVAC, or a tenant will move out and trash the place re...
by smackboy1
Mon Nov 27, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Sous Vide?
Replies: 64
Views: 8914

Re: Sous Vide?

1. For those who've owned a sous vide/immersion circulator for number of months or years, what can you say about their durability and prospects for longer term use ? Do they hold up (specifically the Anova), or have performance drop-offs and a short lifespan (e.g., <1 year)? Do you use it fairly of...
by smackboy1
Mon Nov 27, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Safest roomy luxury suv?
Replies: 58
Views: 5093

Re: Safest roomy luxury suv?

And we’d like it to be as safe as possible. "Safety" is a difficult thing to define and evaluate. Aside from things like airbags, crumple zones and side impact protection, there's autonomous driving technology, collision avoidance systems, vehicle stability systems, cameras, radar, laser, tire pres...
by smackboy1
Mon Nov 20, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 5819

Re: Uber for someone who knows only taxis

What are your tips on using Uber? (Speaking of which... what about tips?) My experience in using taxis is that only once in my whole life have I ever been seriously uncomfortable with a driver (he was drunk). How often have you personally been seriously uncomfortable with Uber? What would you say a...
by smackboy1
Fri Nov 17, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5320

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: 94
Views: 5320

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: 3709

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: 86
Views: 7040

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: 73
Views: 6164

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: 1836

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: 2780

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: 2445

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: 413

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: 5423

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: 5423

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: 188
Views: 22814

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: 3590

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: 188
Views: 22814

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: 6814

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: 2359

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: 252
Views: 61277

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: 2783

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: 1851

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: 3175

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: 998

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: 4660

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: 1969

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: 8
Views: 1169

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: 2019

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: 4813

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: 2604

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: 1566

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: 1566

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: 3422

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: 21875

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: 1744

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: 21875

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: 3953

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: 1529

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: 6793

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...