Search found 52 matches

by dboeger1
Wed Sep 25, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18008

Re: Success stories of NOT buying more/too much house

I've never owned a home so I realize I wasn't being asked, but I'd like to chime in anyway. I think a valuable skill to have as a consumer is being able to judge the value of something TO YOU, as opposed to the market at large. Those are two very different things. The market seems to value VIP bottl...
by dboeger1
Tue Sep 10, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11012

Re: Did I commit a tipping faux pas?

I've always been a generous tipper as an adult, having learned from my father growing up, who tipped generously even in uncommon tipping situations including other countries where tipping is generally not practiced. Even so, I'm getting sick of tipping in the US and wish the practice would just die ...
by dboeger1
Thu Sep 05, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 3828

Re: Wedding/Engagement Ring Insurance

Think about this logically and philosophically. What is insurance? Commercial insurance is essentially just offloading and pooling risk for a cost. Insurance companies are big businesses that make good money by effectively estimating and capitalizing on risk. They do everything in their power to til...
by dboeger1
Tue Sep 03, 2019 7:44 pm
Forum: Personal Investments
Topic: Investment Birthday Gift for Young Family Members
Replies: 5
Views: 528

Re: Investment Birthday Gift for Young Family Members

Keep in mind that Roth IRA contributions require matching amounts of earned income (up to the annual limit of course). So you can't just gift someone $6k in a Roth IRA account if they don't have $6k of earned income to back it up. I don't have any personal experience to draw on from this kind of stu...
by dboeger1
Wed Aug 28, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4103
Views: 773040

Re: What's Your Credit Card Rewards Strategy?

Up until literally just a couple of days ago, I was all about simple cash back, and even then, I was suboptimal at 1.5% cash back with the Quicksilver card I've had since college. I know a lot of credit card gurus like to argue that as long as you're responsible and don't spend what you otherwise wo...
by dboeger1
Tue Aug 27, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 14682

Re: Best of Bogleheads - your #1 takeaway

Bogleheads tend to think alike when it comes to simplicity, portfolio construction, personalization, risk tolerance, etc. After all, the core investment philosophies are supported by decades of compelling evidence and market-leading returns. Even where we disagree, we tend to coexist peacefully and ...
by dboeger1
Fri Aug 23, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8626

Re: Do you sacrifice to save?

I treat the decision to sacrifice vs. splurge similarly to how some Bogleheads tilt their portfolios toward small caps, value, dividends, international, etc. I think if you set a target savings rate (or savings amount in the case of highly variable income) as a guideline, and only tilt slightly to e...
by dboeger1
Fri Aug 23, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: RESOLVED: Best FOSS for Video Production, Audio Production, Photo Editing, and Office Suites?
Replies: 18
Views: 1018

Re: Best FOSS for Video Production, Audio Production, Photo Editing, and Office Suites?

LibreOffice is for all intents and purposes the continuation of the old OpenOffice project. Technically, LibreOffice was a fork from OpenOffice, while Oracle continued the OpenOffice project and eventually donated it to Apache. That being said, most of the core OpenOffice developers from before Orac...
by dboeger1
Wed Aug 21, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: Trip to Costa Rica
Replies: 16
Views: 1678

Re: Trip to Costa Rica

My mother's side of the family is actually from a very small rainforest town called San Gerardo de Dota. Actually, there's apparently a national park ( https://www.tripadvisor.com/Attraction_Review-g1076295-d10080674-Reviews-Parque_National_Los_Quetzales-San_Gerardo_de_Dota_Province_of_San_Jose.html...
by dboeger1
Wed Aug 21, 2019 4:57 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13594

Re: When Did You Ease Up On Saving Aggressively?

I hope this question is appropriate to tackle here rather than in a separate thread. How do people feel about the other side of the same coin: when would you ease up on earning? Let's say that, through a high savings rate (~40% of gross income), you have saved up 12x or 13x expenses in your 30s so ...
by dboeger1
Wed Aug 21, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: Why investment complexity is appealing and simplicity isn't
Replies: 65
Views: 3640

Re: Why investment complexity is appealing and simplicity isn't

I disagree with the premise that complexity is appealing. All of the reasons given above have nothing to do with complexity and have everything to do with a lack of knowledge/understanding. Likewise, simplicity is not the primary objective. There are a multitude of simple yet poor investing strateg...
by dboeger1
Wed Aug 21, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Why investment complexity is appealing and simplicity isn't
Replies: 65
Views: 3640

Re: Why investment complexity is appealing and simplicity isn't

I think it's a combination of things: 1) The point of an investment is to yield returns. There's this kind of innate expectation in a lot of people that the better you do something, the better the outcome. However, the core of the Boglehead philosophy contradicts that, which is that the average inve...
by dboeger1
Tue Aug 20, 2019 9:48 am
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13594

Re: When Did You Ease Up On Saving Aggressively?

I'm 28 with a long way to go to reach house+25x, so still fairly young to "ease up" in a permanent way. That being said, this is the first year my wife and I have both had high paying jobs simultaneously. Prior to this, only 1 of us worked at a time. We've always been very aggressive savers (our bi...
by dboeger1
Tue Aug 20, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a computer coding mentor
Replies: 13
Views: 1230

Re: Looking for a computer coding mentor

Although you can certainly benefit from a mentor, I think it's largely unnecessary and obsolete at the beginner level, considering there is a huge wealth of learning resources available online or in books for little to no cost. I think the main thing a mentor could do at this point is to explain var...
by dboeger1
Mon Aug 19, 2019 5:13 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13594

Re: When Did You Ease Up On Saving Aggressively?

I'm 28 with a long way to go to reach house+25x, so still fairly young to "ease up" in a permanent way. That being said, this is the first year my wife and I have both had high paying jobs simultaneously. Prior to this, only 1 of us worked at a time. We've always been very aggressive savers (our big...
by dboeger1
Mon Aug 19, 2019 2:29 am
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 53
Views: 2706

Re: Hotel recommendation for Cambridge / Boston

Parking in Boston is terrible. That said, if you have to try using SpotHero. You can usually find a cheap lot that way. There are no good long term street parking options. There used to be but that all got eaten up by bike lanes and increased meters / residential zones. There are a couple tricks bu...
by dboeger1
Mon Aug 19, 2019 2:13 am
Forum: Personal Consumer Issues
Topic: RV purchase ?
Replies: 86
Views: 6083

Re: RV purchase ?

I've never bought one personally, but I have heard many times that many people sell used RVs after 1 or sometimes even 0 trips because they were purchased on a whim and ultimately didn't get used as often as predicted. That's not to say you shouldn't purchase one or that you shouldn't shop new from ...
by dboeger1
Fri Aug 16, 2019 5:26 pm
Forum: Personal Investments
Topic: No Risk Tolerance - What Can I do ?
Replies: 32
Views: 1897

Re: No Risk Tolerance - What Can I do ?

This sounds like a difficult situation. That said, are you really sure you have no risk tolerance? A lot of people underestimate their risk tolerance because they're afraid to lose their money and think in terms of their needs today. But as you said, this money needs to support you for a long time....
by dboeger1
Fri Aug 16, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax is a joke
Replies: 14
Views: 2257

Re: Equifax is a joke

Fax and USPS are in fact the preferred methods for sending sensitive personal information. UPS and FedEx fine as well though more expensive. They are doing exactly what nearly every security professional would recommend. I think you need to look up the term “man in the middle” as that doesn’t apply...
by dboeger1
Fri Aug 16, 2019 4:46 pm
Forum: Personal Investments
Topic: No Risk Tolerance - What Can I do ?
Replies: 32
Views: 1897

Re: No Risk Tolerance - What Can I do ?

This sounds like a difficult situation. That said, are you really sure you have no risk tolerance? A lot of people underestimate their risk tolerance because they're afraid to lose their money and think in terms of their needs today. But as you said, this money needs to support you for a long time. ...
by dboeger1
Fri Aug 16, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to define "HCOL" (high cost of living) areas?
Replies: 79
Views: 4759

Re: How to define "HCOL" (high cost of living) areas?

I know this is probably just a different way of saying what has already been said, but I tend to think of COL in terms of the degree to which it demands sacrifice to live there. For example, there's plenty of variety in the Kansas City metro area when it comes to house prices, but it's for the most ...
by dboeger1
Thu Aug 15, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax is a joke
Replies: 14
Views: 2257

Re: Equifax is a joke

Fax and USPS are in fact the preferred methods for sending sensitive personal information. UPS and FedEx fine as well though more expensive. They are doing exactly what nearly every security professional would recommend. I think you need to look up the term “man in the middle” as that doesn’t apply...
by dboeger1
Thu Aug 15, 2019 6:51 pm
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 53
Views: 2706

Re: Hotel recommendation for Cambridge / Boston

Back when I was in Cambridge, visiting family would usually stay well outside the area. I don't remember the name of the town, but looking at a map, it was over West by Concord, Wayland, etc. They would just rent a car and drive to Cambridge every day. The daily price of a car and hotel was signifi...
by dboeger1
Thu Aug 15, 2019 3:42 pm
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 5213

Re: I wanted to teach myself computer programming.

Thanks for all the replies!! I knew this forum would be of help. As I said not sure of what I wanted to program more than just learn how to, but I got to thinking I would like to try to fool around with game making if that makes a difference to the recommendations. Sorry that I didn’t lead with tha...
by dboeger1
Thu Aug 15, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Moving for better public schools?
Replies: 64
Views: 5170

Re: Moving for better public schools?

I haven't read all replies. I hope mine is of value and I'm not just repeating someone else. There is certainly value in attending a better school. Kids generally do better when they surround themselves with other kids who are doing well and have involved caring parents, all else being equal. And un...
by dboeger1
Thu Aug 15, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 53
Views: 2706

Re: Hotel recommendation for Cambridge / Boston

Back when I was in Cambridge, visiting family would usually stay well outside the area. I don't remember the name of the town, but looking at a map, it was over West by Concord, Wayland, etc. They would just rent a car and drive to Cambridge every day. The daily price of a car and hotel was signific...
by dboeger1
Wed Aug 14, 2019 8:40 pm
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 5213

Re: I wanted to teach myself computer programming.

For Java: ... for a development environment, get Java 8 from Oracle. It's free for personal use. Yes, I'm aware of OpenJDK and Java 11; get Java 8 from Oracle. I'm curious why you recommend Java 8 from Oracle? The only reason I could think of for picking that up at this point would be to learn spec...
by dboeger1
Wed Aug 14, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: Is this 25% savings?
Replies: 67
Views: 5039

Re: Is this 25% savings?

Imagine the sale price was $100 instead of $160; you wouldn’t advertise it as 100% savings just because the original price is 100% more than the sale price of $100 I think above is the best explanation for the math challenged folks. Let them chew on that example. I am going to use Muffins14 hypothe...
by dboeger1
Thu Aug 08, 2019 7:51 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: 4314

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

I would frame it like this - do I want a new car that I don't really need, or do I want to retire a year sooner? This is somewhat an offshoot of that idea, but I generally don't believe in setting a retirement date and adjusting it by concrete amounts as the money roles in. Then again, I'm 28, so w...
by dboeger1
Thu Aug 08, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: Best online retailer other than Amazon
Replies: 36
Views: 2124

Re: Best online retailer other than Amazon

For general retail, Wal-Mart is not only competitive in terms of pricing and shipping, but they also have exclusive editions of various products. The selection overall is smaller than Amazon, but otherwise, I've had great experiences with them in recent years. eBay is also a good place to check. It'...
by dboeger1
Tue Aug 06, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4014

Re: Worth it to upgrade to Premium Economy?

My concern was that, while I would enjoy extra legroom I might also be sitting opposite the food prep area, bathroom, bassinet area, or similar, which would thereby negate for me any benefit to having more room. For what it's worth, perhaps the best flight experience I've had was all the way in the...
by dboeger1
Tue Aug 06, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4014

Re: Worth it to upgrade to Premium Economy?

I feel like the general rule of thumb with air travel upgrades is that they cost more than equivalent luxuries on the ground, so in that sense, they're "not worth it". But ultimately, it's up to you to decide what it's worth to you. If you have extra cash burning a hole in your pocket and you really...
by dboeger1
Mon Aug 05, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is any AA better than cash in the bank?
Replies: 11
Views: 1178

Re: Is any AA better than cash in the bank?

No. Money in the bank is taxed at your highest marginal tax rate. Money in your 401k is tax deferred at your highest marginal tax rate, and may be used in retirement at a likely lower tax rate. 1. Establish an emergency fund. 2. Invest in your 401k, as much as you can. Again, I'm purposely playing ...
by dboeger1
Mon Aug 05, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is any AA better than cash in the bank?
Replies: 11
Views: 1178

Re: Is any AA better than cash in the bank?

I think the previous replies provide pretty good arguments for why it's generally better to be invested in equities for the longer term. However, while they did technically address the flip side by discussing the definition of risk, for the most part, they left out concrete examples of why one might...
by dboeger1
Tue Jul 30, 2019 4:41 am
Forum: Personal Investments
Topic: Portfolio Help for a 28 Year Old
Replies: 12
Views: 1313

Re: Portfolio Help for a 28 Year Old

Saving to buy a house a year from now is very very different from investing retirement savings that you won't touch for 40 years. As much as I think your cash allocation is too high, significantly higher than mine (I'm also 28), the fact that you're looking to buy a house relatively soon makes cash ...
by dboeger1
Mon Jul 29, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 183
Views: 19175

Re: Do you buy new or used cars?

I'm still relatively young (28) and have bought 2 new cars without regret. I fully intended to drive my 2014 Chevy Volt till the wheels fell off. Instead, it got totaled when another driver ran a red light a block away from our new apartment less than a week after we moved in, which was ironic becau...
by dboeger1
Sun Jul 28, 2019 11:34 pm
Forum: Personal Consumer Issues
Topic: Your Favorite [Travel Destination] on Earth: Where and Why?
Replies: 184
Views: 21115

Re: Your Favorite [Travel Destination] on Earth: Where and Why?

The answers would vary greatly depending on if you mean for a bucket list or some place I could visit time and time again. I don't think I could ever get tired of Las Vegas. I'd go there every year if I could. I know a lot of people see it is a fake tacky tourist trap with historical ties to illegal...
by dboeger1
Fri Jul 26, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: Quelling Car Fever
Replies: 57
Views: 3190

Re: Quelling Car Fever

As someone who is most likely weaker than the typical Boglehead when it comes to new car fever, I honestly don't think you've provided anywhere near enough justification. Let me explain. I'm not a "car guy" in the usual sense of the phrase. I don't have my own garage or tools to do my own maintenanc...
by dboeger1
Thu Jul 25, 2019 9:05 pm
Forum: Personal Investments
Topic: Rollover old 401k based on target retirement funds to new 401k based on index funds
Replies: 4
Views: 284

Re: Rollover old 401k based on target retirement funds to new 401k based on index funds

I think your post and the reply pretty much nailed most of the major considerations. I would only like to add that it's probably worth checking out any fees associated with the various accounts and how they fit with your life plans. I only bring this up because my wife just changed jobs and this is ...
by dboeger1
Wed Jul 24, 2019 8:35 pm
Forum: Personal Investments
Topic: Teenage Son Wants to Start Investing
Replies: 27
Views: 1654

Re: Teenage Son Wants to Start Investing

I know at his age he should invest mostly in stock, but I am worried that the market will drop soon after making the investment which might discourage him from future investing. I know you are not suppose to try and time the market so should he go with a lifecycle type fund or something like a S&P ...
by dboeger1
Wed Jul 24, 2019 8:02 pm
Forum: Non-US Investing
Topic: Why as a EU person should I invest in EU stocks or international stocks?
Replies: 14
Views: 1190

Re: Why as a EU person should I invest in EU stocks or international stocks?

I can't and won't answer much of your post, but I can address this point: IF the whole point is to mimic the world index then why would I not buy a world total stock index like VT instead? A purely mathematical reason is that VTI/VXUS provides more diversification at a lower cost than VT. If you loo...
by dboeger1
Wed Jul 24, 2019 7:20 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 66
Views: 9626

Re: A little discouraged with earnings, is it really this slow?

And how much do you estimate you need to save by 30 to make that happen? I should be more clear. I don't actually intend to stop contributing to retirement accounts after the age of 30, I'm just hoping to front-load my savings to make it easier for my spouse and I to pursue other life goals. For ex...
by dboeger1
Thu Jul 18, 2019 7:55 pm
Forum: Personal Consumer Issues
Topic: Is good, quality luggage worth the price?
Replies: 94
Views: 7507

Re: Is good, quality luggage worth the price?

I'm only 28 and don't have quite the decades of travel experience as some of the people posting (although in my defense, I am fairly well-traveled for my age and have been flying since I was a baby). However, I've probably witnessed more than my fair share of luggage abuse and destruction, for the s...
by dboeger1
Tue Jul 09, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Google fi users - happy with it and recs?
Replies: 32
Views: 3435

Re: Google fi users - happy with it and recs?

I'm probably chiming in a bit late, but I've been a long-time Google Voice user since before they launched Fi, and I have been on Fi since shortly after it launched. I've also purchased 4 phones directly from Fi (Nexus 5X, Nexus 6P, Moto x4, and Moto G6). I've even used their international service w...
by dboeger1
Wed Jul 03, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: What to let kids buy?
Replies: 50
Views: 4177

Re: What to let kids buy?

I'm not yet a father, but I think I have a relevant experience to report. When I was growing up, money would always burn a hole in my pocket. As soon as I received monetary gifts for birthdays or holidays, I would spend them on fun things (mostly video games). At one point, I started working in my f...
by dboeger1
Mon Jul 01, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8670

Re: Would we regret buying a 2nd home?

I'm coming at this from a completely different perspective. I'm currently 28 and don't own any home. That being said, some of the replies in this thread remind me very much of a common problem in the tabletop gaming hobby, which is that many people (myself included) amass huge collections of games t...
by dboeger1
Mon Jul 01, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Frontier or Spirit Airlines
Replies: 63
Views: 5691

Re: Frontier or Spirit Airlines

I used to fly Frontier years ago before they followed the Spirit Air model, and the way they handled the transition is why I won't fly them anymore out of principle. Frontier used to be a pretty normal budget mostly regional airline that provided similar service to the majors and competed with them ...
by dboeger1
Mon Jul 01, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 328
Views: 78064

Re: What age did you reach 100K networth?

I don't have exact records to remember, but I think I was around 26. I should have hit it earlier, but I bought a brand new car which set me back. The 1st $100k is definitely the hardest (same could be said of any milestone really, that's the beauty of compounding). I wasn't much past $100k when I g...
by dboeger1
Sun Jan 22, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on getting credit cards for my kids
Replies: 22
Views: 1752

Re: Looking for advice on getting credit cards for my kids

My advice as a 25 year old with reasonably good finances is to not get them involved with credit. Let them do that on their own in their adult years. The reason is that your involvement will more likely cause problems than help them. I mean, what is the real upside of this "establishing credit" at a...
by dboeger1
Sun Jan 22, 2017 12:53 am
Forum: Personal Investments
Topic: best vanguard ROTH IRA funds to invest in mid 20s
Replies: 17
Views: 12674

Re: best vanguard ROTH IRA funds to invest in mid 20s

Past returns do not guarantee future results in any way. So it's very very unsafe to look at a fund's 1 year return and say you'll just get that return and reinvest it after a year. That fund may crash next year. Nobody knows. Index investing is about mitigating risk and guaranteeing the average mar...