Search found 27 matches

by patrick474
Wed Sep 18, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12167

Re: How do you spend money to gain time? (young family)

But laundry is so trivial that I don't want to see any whining on bogleheads.org anymore about it. ;) My thought also. I am single, and I spend maybe three minutes loading the washer or transferring clothes to the dryer or folding dry clothes. Multiply that by 4, say, and it's still not a lot, espe...
by patrick474
Wed Sep 18, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12167

Re: How do you spend money to gain time? (young family)

... and the next thing you know, the baseball uniform isn’t ready when it’s needed or someone is missing their favorite jeans. In our household neither of those would be any concern to anybody except for the person who wanted to wear the jeans or uniform. If my kid needed "favorite jeans" washed an...
by patrick474
Wed Sep 18, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12167

Re: How do you spend money to gain time? (young family)

Yes, it really is subjective. Laundry is the least time-consuming and simplest household task; it’s the last one I’d pay someone else to do. Same for us. I kind of enjoy doing laundry. Also I've convinced my kids to fold and put away their own laundry for $1/load. Interesting! Want to do mine? I ha...
by patrick474
Wed Sep 18, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12167

Re: How do you spend money to gain time? (young family)

Yes, it really is subjective. Laundry is the least time-consuming and simplest household task; it’s the last one I’d pay someone else to do. Same for us. I kind of enjoy doing laundry. Also I've convinced my kids to fold and put away their own laundry for $1/load. Interesting! Want to do mine? I ha...
by patrick474
Tue Sep 17, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12167

Re: How do you spend money to gain time? (young family)

We are in the toddler stage, and things are literally crazy. I'll spare you the details of the state of our house, but suffice it to say that I've realized that over the past couple of years we have increased spending on 'emergency' things to solve immediate time, energy, or preparedness problems w...
by patrick474
Thu May 09, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: All out of carrots [Looking for future advancement possibilities]
Replies: 22
Views: 2753

Re: All out of carrots [Looking for future advancement possibilities]

There is absolutely a roadmap to a $300k+ job but it will require investment in your human capital and a willingness to work long hours for at least a few years. After which you can dial back the hours and the stress. Some paths: 1. Top law school -> Big Law associate -> In house counsel for large ...
by patrick474
Thu May 09, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: All out of carrots [Looking for future advancement possibilities]
Replies: 22
Views: 2753

Re: All out of carrots [Looking for future advancement possibilities]

There is absolutely a roadmap to a $300k+ job but it will require investment in your human capital and a willingness to work long hours for at least a few years. After which you can dial back the hours and the stress. Some paths: 1. Top law school -> Big Law associate -> In house counsel for large ...
by patrick474
Sun Jun 10, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 3151

Re: How much to invest in elementary education?

Whether public or private, the social environment is as important as the academic standard. When you choose a school you are choosing your child's peers... +1 My daughter went to a private junior high. One of her classmates was suspended for a few days because she was seen smoking a cigarette -- no...
by patrick474
Thu Apr 12, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Help me choose a top law school!
Replies: 65
Views: 7868

Re: Help me choose a top law school!

Congrats on a lot of great choices. I'm biased as a Duke Law grad, but I would highly recommend it. If you do well (or even ok) at any of the T-14, then you're going to be well-situated in the job market. I know a number of former Duke Law classmates who are pursuing interesting work at high-level f...
by patrick474
Fri Mar 23, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 18563

Re: Credit Card Recommendations

Not enough info. What are your credit card reward goals? Travel points, cash back? What is your credit score? Do you intend (or think you might) carry a balance? Do you do international travel? What cards do you have now? Thanks for inquiring. Goals include efficiency with rewards. Cash, miles, hot...
by patrick474
Tue Feb 27, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Visa now 5% back at Whole Foods
Replies: 30
Views: 3683

Re: Amazon Prime Visa now 5% back at Whole Foods

I'm not suggesting anyone change their shopping habits. But for those of us who already shop at WF, it's great. +1 The Costco brigade always chimes in with their comments. Yeah, it's a weird conversation. If you like Amazon/Whole Foods and have the Prime membership, a no annual fee card with 5% cas...
by patrick474
Wed Feb 21, 2018 10:06 am
Forum: Personal Investments
Topic: Tax loss harvesting and whether robo-investor fees are worth it
Replies: 27
Views: 3790

Re: Tax loss harvesting and whether robo-investor fees are worth it

The “direct indexing” at Wealthfront is a feature that you definitely have to opt-in for, and it requires a sizeable portfolio. One should do their research before signing up for such a product. Agreed -- for certain people (those with a frequent, large taxable gains to offset) it could be a great ...
by patrick474
Mon Feb 19, 2018 9:42 pm
Forum: Personal Investments
Topic: Tax loss harvesting and whether robo-investor fees are worth it
Replies: 27
Views: 3790

Re: Tax loss harvesting and whether robo-investor fees are worth it

Since I am going through my tax stuff this week anyways, I looked at the net loss from Wealthfront's TLH from 2017 and it was about 2-2.5x what I paid in fees. So it seems like at least for 2017, to answer my own question, had I not done any TLH on my own, it was probably worth it. Comparing that t...
by patrick474
Fri Feb 16, 2018 6:07 pm
Forum: Personal Investments
Topic: Tax loss harvesting and whether robo-investor fees are worth it
Replies: 27
Views: 3790

Re: Tax loss harvesting and whether robo-investor fees are worth it

I've posted many times before that one doesn't need to follow the market if they set alerts with their broker to e-mail or text them when there is a TLH opportunity. Even Vanguard.com will do that for you. Yes, you could do that. But I think that "set it and forget it" has real behavioral benefits ...
by patrick474
Fri Feb 16, 2018 1:27 pm
Forum: Personal Investments
Topic: Tax loss harvesting and whether robo-investor fees are worth it
Replies: 27
Views: 3790

Re: Tax loss harvesting and whether robo-investor fees are worth it

Hello all - first time posting here and was wondering if I could get some help with figuring out whether or not the robo-investor I am using is worth it with its current fees. When I got started with investing, one of my friends referred me to Wealthfront - it was an easy way to get started, I like...
by patrick474
Tue Jan 23, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: Is a minivan the only commuter vehicle / backup with 3 children?
Replies: 40
Views: 3469

Re: Is a minivan the only commuter vehicle / backup with 3 children?

Mazda stopped production of the Mazda5 in 2015, but if you can find one that is certified and low-mileage, it's a nice family hauler than can accommodate three or four car seats. While it has three rows and sliding doors, it has far better handling than a typical minivan. The third row can be folded...
by patrick474
Wed Jul 19, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: A week in Iceland
Replies: 28
Views: 3220

Re: A week in Iceland

Howdy Iceland is great, and very expensive. Load up on stuff - beer, whiskey, wine, snacks, any food you might like that they have- at the duty free at the airport before you go to get your rental car. You can only buy alcohol at bars or at the national liquor stores, I think it is called Vinborg o...
by patrick474
Wed Jul 19, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: A week in Iceland
Replies: 28
Views: 3220

Re: A week in Iceland

Spent a week in Iceland with my wife and two young kids earlier this month. We had a terrific trip, and we would go again. I would 100% disagree with the folks warning against a summer trip -- the reason it's the most popular time to go is that you get good weather (generally). We indeed saw lots of...
by patrick474
Mon Jul 17, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 4127

Re: Anyone have a second home in The NC mountains?

You may want to check-out http://www.bestplaces.net. That site has many data points, including climate, cost of living, demographics, etc.; you can also compare cities side-by-side. A previous poster mentioned Murphy, NC. http://www.Bestplaces.net shows Murphy to be a dream on most data points, exc...
by patrick474
Wed Jul 12, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 3692

Re: Outside Pittsburgh short trip ideas

One addition to my prior comment: I've lived in Pittsburgh for the last four years and also grew up here, and I find that I uncover new things all the time. As someone once told me, it has "texture" -- and the truly wonderful things about it are not always on the beaten path, so you could always vis...
by patrick474
Tue Jul 11, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 3692

Re: Outside Pittsburgh short trip ideas

I would second Fallingwater. Ohiopyle State Park is also in the Laurel Highlands region and not far away from Fallingwater, and it should be nice at that time of year. This website might give you some other ideas: http://www.laurelhighlands.org/ Nice resorts include Bedford Springs, Nemacolin, and S...
by patrick474
Thu Jun 29, 2017 1:14 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio
Replies: 9
Views: 2526

Re: Schwab Intelligent Portfolio

This is my approach and I welcome feedback. In my tax-deferred accounts (401k, Roth IRA), I use target date funds 15+ years out (normal retirement). This is 80/20 stock/bonds. This is about 20% of my wealth. In my taxable account, I use SIP. This is nearer term than the tax-deferred accounts (early...
by patrick474
Thu Jun 29, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio
Replies: 9
Views: 2526

Re: Schwab Intelligent Portfolio

I think it can be a useful service if configured to the most aggressive allocation, which includes only a 6% cash allocation and no bond allocation. The cash drag can essentially be considered an advisory fee. If the cash allocation replaces bonds in your overall asset allocation, then this "fee" li...
by patrick474
Fri Jun 16, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 8706

Re: Best Cheap Champagne

I second the Gruet suggestion. You could do at lot worse with much higher-priced sparkling wines.
by patrick474
Fri Jun 02, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on REITs
Replies: 66
Views: 10558

Re: Larry Swedroe on REITs

http://www.etf.com/sections/index-investor-corner/swedroe-important-changes-nature-reits REITs are currently quite expensive. Also their correlations to stocks and bonds are perhaps much higher than most of us think now. Dave The first sentence goes against the boglehead investment philosophy. It d...
by patrick474
Thu Feb 02, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: Betterment just raised their costs.
Replies: 191
Views: 27208

Re: Betterment just raised their costs.

So I have a substantial amount invested in a Betterment taxable account right now, but the 0.15% to 0.25% increase makes me ponder a switch to Vanguard with the idea that I would do my own TLH and rebalancing. Is it a sensible approach to take advantage of the Betterment TLH until the fee increase t...
by patrick474
Wed Feb 01, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Betterment just raised their costs.
Replies: 191
Views: 27208

Re: Betterment just raised their costs.

Yeah, received an email last night. I was at the 0.15% tier. It is now a flat 0.25%. I'm gonna miss them. Why were you using them in the first place? Since the same question would apply to me, because the services they offer are worth 0.15% AUM, but not worth 0.25% AUM. Your question implies that f...