Search found 130 matches

by nick evets
Thu Aug 16, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 95
Views: 4220

Re: Take auto loan 0.9% if I can afford cash?

Well...for one thing, most of those promotional loan rates are for new cars, so there's that, if we're splitting hairs about extracting every possible dollar. Another (minor) advantage to paying cash is it's nice having the title, if you plan on reselling the vehicle, privately, before the loan term...
by nick evets
Wed Aug 08, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Have Private Reits worked for you?
Replies: 17
Views: 1002

Re: Have Private Reits worked for you?

Short version is we used a financial advisor 5 years ago, or so, and he heavily pushed non-traded REIT's. We bought into 3 of them. We were ignorant and completely blind to the 12-15% 'commission.' As we became older and wiser, we severed our relationship with our advisor and got out of 2 of the 3 R...
by nick evets
Wed Aug 01, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy Beach House
Replies: 8
Views: 2088

Re: Rent vs Buy Beach House

I suspect you will spend more than $10k per year on this property. So it will be a largely lifestyle/emotional decision. A large downpayment is probably likely if you want to cashflow neutral/$10k per year cost. Well said, IMO. We own a small coastal property, and while we don't rent, have neighbor...
by nick evets
Mon Jul 30, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: selling used car with hail damage
Replies: 30
Views: 1709

Re: selling used car with hail damage

You're the expert on selling hail damaged cars now, so what can you share with the class? How did you end up pricing it compared to what you would have listed for without the hail damage? How much did it sell for compared to the listing price? How did you go about disclosing and "selling" the hail ...
by nick evets
Sun Jul 29, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: selling used car with hail damage
Replies: 30
Views: 1709

Re: selling used car with hail damage

I hate to break it to you, but your car is certainly NOT "immaculately maintained" if it has 2 year old hail damage that you didn't repair. Somehow I doubt you really "hate" correcting me, but regardless I should have qualified my post with "immaculately maintained mechanically with all service rec...
by nick evets
Sun Jul 29, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Any problems with freezer "drawer" models
Replies: 40
Views: 2777

Re: Any problems with freezer "drawer" models

Great design, IMO.

Would never go back. It's a bit more efficient, having the coldest section on the bottom, and you don't lose space in the main compartment. Since you use the freezer about 10% of the time as the main fridge, it's a minor sacrifice to lean over.
by nick evets
Fri Jul 27, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: selling used car with hail damage
Replies: 30
Views: 1709

Re: selling used car with hail damage

I'm just having trouble deciding the market price should be. If the car was worth $15k at the time of damage, and I received a check for $5k ($4k less deductible). and if the market were $9k now, undamaged, I don't think a selling price of $4k is reasonable. Maybe $6k. Tricky. I've owned a car with...
by nick evets
Fri Jul 27, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: selling used car with hail damage
Replies: 30
Views: 1709

Re: selling used car with hail damage

I don't understand what the issue is: Price it high and if it doesn't sell, lower the price. Entertain all offers. It sure doesn't seem like you need to sell it anytime soon, so you have MONTHS to figure out what it will sell for by putting it out there. If I was buyer, I would low-ball you and tel...
by nick evets
Fri Jul 27, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: selling used car with hail damage
Replies: 30
Views: 1709

selling used car with hail damage

Short version -- have a 6 year-old import with some hail damage from a storm a couple years ago. While it doesn't appear significant, the insurance adjuster wrote me a shockingly large check. Since I typically drive vehicles until the wheels fall off, I decided to forgo the repairs and repaint -- th...
by nick evets
Tue Jun 12, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5469

Re: Rowing machine motivation

If I understand correctly, OP, what you're doing is the equivalent of wanting to run, say, a 5k, but you're tearing out of your house as fast as you can, and dying at the end of the next street over. So...set a goal of time, or distance (better) on your Concept 2. 5000 meters is probably too much, f...
by nick evets
Mon Jun 04, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Would like to bounce some ideas regarding renting a home or condo
Replies: 16
Views: 1255

Re: Would like to bounce some ideas regarding renting a home or condo

Odd that the house doesn't have appliances. Would the owner help towards the cost of those? I'd just be attentive to adding up the 'other' costs of home ownership, as a renter: things such as a needing to buy a lawnmower and other outdoor equipment, blinds, rugs, etc. etc. If you foresee continuing ...
by nick evets
Tue May 22, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Have Annuity Rates Gone Up?
Replies: 15
Views: 1803

Re: Have Annuity Rates Gone Up?

Thanks! I think I see now. Basically it allows the insurance company to offer a more attractive product with a higher potential return than just x% for 25 years, or something...
by nick evets
Tue May 22, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Have Annuity Rates Gone Up?
Replies: 15
Views: 1803

Re: Have Annuity Rates Gone Up?

I confess I probably don't understand "mortality credits." This is just a way for the insurance company to continue paying those who live past the age where the original investment's return and principal has been exhausted?
by nick evets
Wed May 16, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: External Portable Hard Drive
Replies: 15
Views: 1266

Re: External Portable Hard Drive

I'd be very careful about taking a problem for which there is a simple solution and replacing the solution with a far more complex system -- especially if there's no appreciable benefit ( and actually added risk). If you have NO current backup solution, an external HDD is an excellent first step and...
by nick evets
Wed May 09, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 18987

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Sorry to tell you, you’re incorrect. They have to tell you it was a demo, but if a title has never been issued, the vehicle is new. I’ve been in and out of the industry for 25 years. I might know how it works. Exactly. It will be titled (and financed and insured, if applicable) as new. When buying ...
by nick evets
Tue May 08, 2018 6:34 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5644

Re: Home Theater Stereo/Speakers

I use a Zvox unit. If your looking for stuff to reproduce gigantic explosions or sound like choppers flying over your head, look elsewhere. If you like to watch more thoughtful, cerebral kind of material, it's perfect. But what if "your[sic] looking for stuff" to reproduce thoughtful and cerebral m...
by nick evets
Mon May 07, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5644

Re: Home Theater Stereo/Speakers

I am surprised by the overall lack of love for surround sound systems. My wife and I watched Baby Driver (action movie) last night in 5.1 surround and it makes a big difference - it’s like watching it in a theatre. Still have the song Hocus Pocus running through my head today. I think some folks le...
by nick evets
Wed May 02, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5644

Re: Home Theater Stereo/Speakers

^^^ is good advice. Random thoughts: 5.1 > 3.1 > soundbar + sub > internal speaker(s) I'd encourage everyone to at least try for a decent 3.1 system -- the center-channel speaker makes a huge difference. I've seen a lot of discussion about this in the dedicated audio forums..... With new TV's havin...
by nick evets
Tue May 01, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 18987

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

We did sign the lease over the weekend and this was the explanation my husband got from the financing department... This used to crop up very occasionally when I worked at a dealership -- but that was almost 30 years ago!! But we'd process the paperwork for the sale on a Saturday (the busiest day f...
by nick evets
Tue May 01, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5644

Re: Home Theater Stereo/Speakers

^^^ is good advice. Random thoughts: 5.1 > 3.1 > soundbar + sub > internal speaker(s) I'd encourage everyone to at least try for a decent 3.1 system -- the center-channel speaker makes a huge difference. AV equipment has terrible resale. There are some terrific deals on high-end, used equipment if y...
by nick evets
Mon Mar 19, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 15285

Re: Large life style creep that was completely worth it

[ For boats [...] Another quote is: If it flies or floats, rent it. That is a selectively edited version of the actual quote. I won't post the actual aphorism, because this board frowns on anything not G-rated, or related to human sexuality, but I don't agree with even the abridged quote. Specifica...
by nick evets
Fri Feb 16, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 3141

Re: USAA 41% More For Car Insurance

This thread prompted me to go get a quote from GEICO. Once I adjusted the coverage to match what I have now, the rates were basically identical. Yup -- I've been a long time USAA member, with an immaculate driving record, and my wife is a Federal employee, also w/a clean record. We have 3 vehicles,...
by nick evets
Thu Jan 25, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 24793

Re: In what ways could BogleHeads be badly wrong ?

There seems to be a clear bias against owning/picking individual stocks. Certainly, I understand the aversion and the philosophy in general, and would NOT risk my retirement savings, etc., but I also believe it's not necessarily stupid to make an intelligent and well-reasoned investment in a single ...
by nick evets
Thu Jan 18, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: How do you adjust side mirrors in a car?
Replies: 61
Views: 4204

Re: How do you adjust side mirrors in a car?

I 'tune' them so that when a car disappears out of the rear-view mirror, it appears in the side mirror, then when it disappears from the side mirror, it should appear in my peripheral vision. This typically involves having them at, or almost at, the limit. A cautionary tale -- after you gain confide...
by nick evets
Tue Jan 16, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Selling one owner car. Give new owner service records?
Replies: 15
Views: 1416

Re: Selling one owner car. Give new owner service records?

In another life, when I sold cars, I remember being really impressed by one owner who had all of his service records for his trade-in in plastic sheet protectors in a 3-ring binder. I've done that since, in my own vehicles -- costs a couple bucks for the protectors, you probably already have a 3-rin...
by nick evets
Mon Jan 15, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 151
Views: 15820

Re: What is the best home exercise equipment?

Never buy any budget or even mid-range treadmills, rowers, spin bikes or ellipticals, especially not if you are over 200 lbs. Concept 2 is the only game in town for rowers. Premium treadmills or ellipticals from Cybex or Precor are generally only meant for commercial gyms, but anything else is usel...
by nick evets
Fri Jan 12, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 3312

Re: Keeping sensitive documents in the cloud -- bad idea?

Cloud is basically keeping your data on somebody else's machine(s). Why do you need to worry so much, waste time in encryption, upload,sync - constantly sync with changing formats and platforms - use paid services for these is beyond me. For me, life is more enjoyable with no clutter. If it matters...
by nick evets
Fri Jan 12, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 3312

Re: Keeping sensitive documents in the cloud -- bad idea?

As with anything it's all about risk and tolerance. If your house gets broken into, will they take your computer(s)? If your house burns down/floods, will your computer and (presumably) local backup get damaged? Could that cheap, Chinese webcam/wifi extender/etc. you've added to your home network be...
by nick evets
Fri Jan 12, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1988

Re: Underwater 4-5k in vehicle.

I'm guessing that you have a relatively new and expensive vehicle, and of course don't have the title. craigslist will devour a cheap import, but for a car that will require (most) buyers to finance, and involve the added complication of an additional lien holder and a private sale, I'm not surprise...
by nick evets
Wed Jan 10, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 406

Re: Bequest to Charity -- would they assist with settlement?

Hmm...thanks, some great feedback. I think our affairs will be much more simple in the future when we're retired, don't have multiple residences/mortgages, etc.., and am mainly thinking about the 'hit by a bus' scenario, and wanted to get will and some health care directives, etc. done now (and down...
by nick evets
Wed Jan 10, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 406

Bequest to Charity -- would they assist with settlement?

My wife and I are (finally) getting around to our wills. We have no children, and plan on leaving some relatives a modest sum each then the remainder of our estate to several charities of our choice. Depending on when we die the charitable bequests may be a significantly larger sum of money, than wh...
by nick evets
Tue Jan 09, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 12
Views: 844

Re: cost analysis on buying vs. renting skis?

Are you renting them and turning them back in every day on the trip or renting them once for the whole trip? You can buy used skis or wait until late season to buy them on sale for pretty cheap too. I'm renting the day I arrive, typically, and returning when I leave. It's about $100 with taxes -- h...
by nick evets
Tue Jan 09, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 20239

Re: Buying Real Silver and Gold (Not Bitcoin)

Anyone remember the book, Papillon? (Subsequently a movie with Steve McQueen).
by nick evets
Tue Jan 09, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 12
Views: 844

cost analysis on buying vs. renting skis?

Lately I've been taking one ski vacation a year, and renting. Recently I bought a pair of boots, as my feet are wide and rentals simply don't fit properly. This leaves me still needing to rent skis/poles/helmet (maybe $30/day?) vs. buying -- say $500 -- and having luggage costs, since I'm flying. It...
by nick evets
Mon Jan 08, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: When to drop comprehensive auto coverage?
Replies: 25
Views: 2898

Re: When to drop comprehensive auto coverage?

Wait a minute -- if you have a loan on the car, it's not your car.

And assuredly the lender insists on mandatory insurance coverage, so it's not up to you.
by nick evets
Mon Jan 08, 2018 10:01 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 12565

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I agree that it is difficult to draw a line. Some of the threads that supposedly ask for advice can also be intimidating to others - e.g. "I have Flagship status at Vanguard", Where do I invest five million?" I agree with that. I think a fair percentage of posts are simply leveraging the subject ma...
by nick evets
Fri Jan 05, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 3089

Re: [How to determine budget for toys/luxuries?]

WildBill wrote:
Wed Jan 03, 2018 11:25 pm
Howdy

You can buy any toy you want, but you gotta, repeat gotta, pay cash. No financing.

W B
I really like that. So simple, and so true.
by nick evets
Fri Jan 05, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4928

Re: Buying a car?

IMO: First Choice: private individual -- *not* craigslist, but ask around at work. Do you have a neighborhood or community mailing list? Post a "wtb" there. The idea is, you're gambling a sense of personal/professional connection will reduce the chances of a really malevolent transaction, and buying...
by nick evets
Tue Jan 02, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 20239

Re: Buying Real Silver and Gold (Not Bitcoin)

A It turns out he had found a new job and had to move across the country. He would not be driving, but flying. He just had too much weight in Silver to even think of carrying it on an airplane, and I guess he didn't want to risk shipping that much Silver in a Moving Van. So he reduced the space and...
by nick evets
Tue Jan 02, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: nightmare cost basis -- ATT now Verizon/Comcast
Replies: 9
Views: 926

Re: nightmare cost basis -- ATT now Verizon/Comcast

I think if you want to dodge the basis issue you set the basis to zero, not $1/share. In other words you take the gross as the gain. It is likely you won't save enough in taxes to get the right basis on those gross amounts to go to the trouble. On the other hand ATT was selling at about $5 a share ...
by nick evets
Tue Jan 02, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: nightmare cost basis -- ATT now Verizon/Comcast
Replies: 9
Views: 926

Re: nightmare cost basis -- ATT now Verizon/Comcast

Maybe. Aren't there entire web sites to help shareholders solve this exact problem? There are -- and Verizon and Comcast both have worksheets for calculating cost basis of Bell Atlantic, but they still require starting with the original cost basis, which we don't know. Despite my wife being almost ...
by nick evets
Tue Jan 02, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: nightmare cost basis -- ATT now Verizon/Comcast
Replies: 9
Views: 926

nightmare cost basis -- ATT now Verizon/Comcast

My wife was given some shares of ATT back in the early 80's, and they've somehow become Verizon and Comcast. She sold the Comcast last year, for around $4k and this year wants to sell VZ -- also worth about 4k. I started trying to calculate the cost basis, and it's ridiculously opaque and complex wi...
by nick evets
Sun Dec 31, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 12991

Re: Best 401k Employer Match Structure

MrPotatoHead wrote:
Thu Dec 21, 2017 9:53 pm

IBM's 401K also does not give an employee any match AT ALL unless they are still employed on Dec 15th. So if IBM terminated you Dec 14th you get nothing for the entire year. That has generated much ill will.
And it doesn't help with dollar cost averaging, I'd imagine?
by nick evets
Wed Dec 27, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5346

Re: The car dealership model needs to die

If you are prepared to walk, it seems like a viable strategy. I've never tried it myself. I've walked many times over negotiations with car dealers. I don't think I have ever made it home before getting a phone call with a cheaper price. Most of the time, I don't even make it out the door before th...
by nick evets
Wed Dec 27, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5346

Re: The car dealership model needs to die

realize the dealership has nothing to gain, but everything to lose, by giving you a "best price*" over the phone, or by email, because you'll just use that as leverage elsewhere. It's not clear to me how this is different from literally every other business that is able just advertise their best pr...
by nick evets
Wed Dec 27, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5346

Re: The car dealership model needs to die

Getting back to the OP -- if one or both of the dealers had given you a price, in fact...Would you know a good price if you heard it? Yes, if the dealers had gotten back to me with their advertised prices plus taxes and reasonable fees (??), the prices would have been good (low side of what one mig...
by nick evets
Wed Dec 27, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5346

Re: The car dealership model needs to die

The bottom line is that your archetype is a very unprofitable customer. [....] About the best thing you can do is to use a new car price service. They often have very little in the way of high pressure sales. You still have to go in, take the spin around the block, and finalize the deal. It sucks, ...
by nick evets
Wed Dec 27, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5346

Re: The car dealership model needs to die

In another life, I worked in sales at a BMW/Subaru dealership....I understand your frustrations, but realize the dealership has nothing to gain, but everything to lose, by giving you a "best price*" over the phone, or by email, because you'll just use that as leverage elsewhere. By getting you in th...
by nick evets
Sat Dec 23, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 23963

Re: Do you see a meaningful change in your income with new Tax Bill?

I guess my wife and I are one of the middle-class fringe cases that won't get a Christmas present: we typically itemize and have ~38k of deductions. mortage: 20k SALT: 15k charity/misc: 3k I suppose the change in marginal rate to 24% from 25% will help a little bit. For most people who live in high...
by nick evets
Sat Dec 23, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 7708

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

"Never invest in a business you cannot understand." Warren Buffett I'm too stupid for blockchain stuff. Barely understanding index funds. But I like knowing I own parts of 9,891 companies here & abroad. I was off work yesterday, and spent a good chunk of the morning investigating how I could buy (a...