Search found 200 matches

by djpeteski
Tue Oct 17, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 50
Views: 2738

Re: Negotiating for a new car purchase

Update on this situation: I’ve had a lot of pointless communications with dealers, mostly them trying to find out “when can I come in.” None of them have the car I want in stock. They all say they can find it, but then they fail to follow up on that and fall back to asking me to show up in person. ...
by djpeteski
Tue Oct 17, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Best Next Steps - Kids/House/Savings Advise
Replies: 8
Views: 1064

Re: Best Next Steps - Kids/House/Savings Advise

If it was me, I would tell you to have the kid now. (I expect to be written in to your parents will, for a small percentage, for that. :D ) Wait on the house if you want, but have the kid now. The child itself takes up surprisingly little room for about 10 years, but the embellishments that can take...
by djpeteski
Mon Oct 16, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Another Job Offer Dilemma
Replies: 13
Views: 1474

Re: Another Job Offer Dilemma

At this stage of my life, I am going with #2. Hypocritically, I am currently commuting about 55 miles each way. At least it is an easy drive. The only thing that concerns me is the lack of bonus. Very few companies do this, it feels weird. I would not be concerned with offer #1. However, I would ask...
by djpeteski
Mon Oct 16, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Employer Listens To Brokerage Calls?
Replies: 13
Views: 1121

Re: Employer Listens To Brokerage Calls?

Is the "the Prod. Sup./Plant Mngr" typically a drama queen? How does this person live his life? My prejudice is that it is very out in the open, and his spending is a bit out of control. I would wager that this is coincidence in respect to yourself. It could be that the person, in question, had a fr...
by djpeteski
Mon Oct 16, 2017 8:29 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 75
Views: 5065

Re: anyone else not liking the new cars?

I was traveling a lot for work, and got to rent a bunch of different cars. Included where the Mustang, and Camaro. A coworker asked about these and thought they were great. I pointed out major design flaws with them, like basically driving around in a big blind spot and one was exceedingly uncomfort...
by djpeteski
Mon Oct 16, 2017 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Thinking we are close to winning the game
Replies: 33
Views: 4635

Re: Thinking we are close to winning the game

Why do you need life insurance? Sure, keep it for now, but once you retire you can self-insure. That is one of the benefits of having everything paid for and 1.7m in the market.
by djpeteski
Mon Oct 16, 2017 6:02 am
Forum: Personal Consumer Issues
Topic: Opinions on bicycle disc brakes?
Replies: 23
Views: 1133

Re: Opinions on bicycle disc brakes?

I bought two bikes recently. One in the $500 level, another in the $1700 level. The $500 has disc brakes, they stop great and do not need that much maintenance. They do need some, but I bought at a local bike shop that offers free tuneups. So every 6 months or so I can take it in and have it looked ...
by djpeteski
Thu Oct 12, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Books on setting up a 401k-solo and managing it
Replies: 14
Views: 722

Re: Books on setting up a 401k-solo and managing it

I just got off the phone with Fidelity. It sounds like you would be better off with a Vanguard if you are interested in the Roth option. Fidelity offers no fees, and administration. The full trading portfolio is available so you can own individual stocks or any fund otherwise available through tradi...
by djpeteski
Thu Oct 12, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Parental life insurance: Surrender or sell?
Replies: 13
Views: 1524

Re: Parental life insurance: Surrender or sell?

Not going to undo the past.... ...he no longer has to worry about replacing income to take care of children as we are all out of the nest. Surrender charge $6,500 Good of you to not dwell on the past. Yes this was a mistake, but as with most mistakes they are best solved by dealing with them as soo...
by djpeteski
Thu Oct 12, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6176

Re: Best Career Advice for those over "50"

I work as an individual contributor software engineer, and the last time I changed jobs I was 49.5, and am about to turn 51. Add to this my previous job only lasted 18 months, and a shorter stint at the one before that. To me age is an attitude and turning 50 led me to more actively pursue fitness. ...
by djpeteski
Wed Oct 11, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club and Other Goals Reached!
Replies: 8
Views: 1739

Re: 2 Comma Club and Other Goals Reached!

All, in all, very positive changes. Onward and upward for you two. Congrats! :sharebeer
by djpeteski
Tue Oct 10, 2017 6:12 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5516

Re: Anesthesiologist Advise [how to save money]

I think you are putting the "cart before the horse" with being concerned about investing. You will get there, but now is not the time. If I was in your situation here is what I would do: I am going to assume that your 3300 in expenses is in addition to your rent, so about 5500 in all. 1) Understand ...
by djpeteski
Tue Oct 10, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Please look at my financial situation and give me your insights
Replies: 21
Views: 2203

Re: Please look at my financial situation and give me your insights

I think a necessary component of your retirement plan is for your wife and you to learn to work together on finances. Having one person with out of control spending (as the other sees it) leaves the "saver" nervous, afraid, and resentful. She spender would see the saver as over bearing, and be resen...
by djpeteski
Mon Oct 09, 2017 10:31 am
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4759

Re: Is there boglehead consensus on buying a car?

I prefer to buy used rather than new. When buying used, it is a good idea to checkout the car fax. It will let you know about accidents and major repairs. Doing this would have saved me a lot of money on a car that I purchased. Where to buy it? I find CarMax over priced, but really like Carvana. If ...
by djpeteski
Mon Oct 09, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 9990

Re: Third time in my 32 year career I have been laid off

What do you want to do? Do you want to keep working in software development? Do you want to relocate somewhere else? There is a lot of speculation hear about what you should do without the consideration about what you want. You could very well sell your real estate, and purchase a ranch in Montana f...
by djpeteski
Mon Oct 09, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3389

Re: Daughter's auto repair shop problems, what should we do now?

A Hyundai Accent from that time period is nothing but a repair bill. I do many auto repairs myself, and was constantly working on one that my gf at the time owned. In the end, the head gasket blew at less than 100K. Do yourself and her a favor and replace it. Take the few hundred a junk yard will gi...
by djpeteski
Thu Oct 05, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 45
Views: 3202

Re: Throwing Down with a Primerica Advisor

In some aspects Primerica is great. It gives people who might have been duped by a whole life insurance salesman in the market. While their funds may be sub-par to index funds, they are still equity funds. A percent will fall off and not do investing. I bet, however, most will continue in some form ...
by djpeteski
Thu Oct 05, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3115

Re: We're Debt Free (Except our House)!

Congratulations! Well done eschewing rugged consumerism. One thing you may want to look at is another refi. What we did is get a 7 year, fixed rate home equity loan in first position and was the only loan on the house. The interest rate was lower then the advertised teaser rate, at the time 2.32 or ...
by djpeteski
Thu Oct 05, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4206

Re: another 2 comma club member

Congratulations, keep up the good work. :sharebeer :moneybag For readers that have not yet made it: stay the course, and do what you can today. We are all cheering for you! For those of you with spouses that don't care about the milestones good for you and them. Some people have concern over the mil...
by djpeteski
Wed Oct 04, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home Owners Insurance Claim: reasonable time to wait
Replies: 4
Views: 255

Home Owners Insurance Claim: reasonable time to wait

We had roof damage during hurricane Irma. The Adjuster came on 21 Sept, and said he would recommend a new roof and should expect to hear from the insurance company in 7-10 days. There was some other damage, but nothing out of the ordinary for a hurricane with power loss. Eleven days later I hear fro...
by djpeteski
Wed Oct 04, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: Shooting for the moon as a young investor
Replies: 19
Views: 1987

Re: Shooting for the moon as a young investor

The problem is that, when you are young, you don't have any money. Most 20 year olds would have a tough time coming up with $1,000. But lets say they could, they could afford to invest it for three years (so they have an additional emergency fund), and will earn 20x. Those are very generous assumpti...
by djpeteski
Wed Oct 04, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Help with private investment opportunity
Replies: 47
Views: 2503

Re: Help with private investment opportunity

I will assume this is not an attempt to troll for additional investments. Also that the company is about as "sure fire" as you suggest. I am leaning towards investing 50k, although I could possibly go up to 72k. With a stated cash position of 197K, putting 50K into one investment sounds awful risky....
by djpeteski
Wed Oct 04, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5313

Re: Do you foresee a drop in housing prices in the next 5 years

RE and credit markets are tied hand-in-hand. Most people don't look at the price of a home, but how much their monthly payment will be, much like that of a car. If credit tightens real estate will drop. As many have said, RE is locally driven, and that is demonstrated close to me. There is a non-des...
by djpeteski
Mon Oct 02, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4283

Re: Two Comma Club

Baby Step 5: Start saving for college Just out of curiosity, if you don't have children and don't plan to, and you've already achieved Baby Step 4, can you consider yourself to have achieved Baby Step 5 and be working on Baby Step 6? In the general sense, if you do not have children, BS 5 is the ea...
by djpeteski
Mon Oct 02, 2017 5:16 am
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4283

Re: Two Comma Club

Any chance you could share how you did it so fast in 4 years coming from sub-zero? It took me 13 years to go from 120K to 1.6 million and that was by beng long in solid stocks and maxing out all my tax advantage accounts every year. Salary and salary increases. Also intensity, for most of our pay o...
by djpeteski
Fri Sep 29, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6382

Re: I am in the investment advice industry and I'm not sure if I provide any value

My mom has a FA adviser, despite being mostly in income funds that she does not touch. He only manages a very small part of her portfolio. She lives off her pension(s). She probably calls once a month asking for more yield with less risk. :annoyed She calls at least 3 times, once a year, on what to ...
by djpeteski
Fri Sep 29, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 4910

Re: My first promotion without a pay increase

The way you make money in IT is by "moving across the street". The market is really tight right now so you may be able to take your pay "to the next level". I did that about 1.5 years ago (at age 49), and am very happy I did. I feel ageism is less important in IT as the non-big names are just lookin...
by djpeteski
Fri Sep 29, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? ("Small Law" edition)
Replies: 19
Views: 2284

Re: Can we afford this house? ("Small Law" edition)

You are presenting a very binary decision, and I am not sure if I am on board with the new house.

However, I would vote for moving. Your focus should be on a partner of a law firm not general contractor.

There are probably many homes available that are a less difficult decision.
by djpeteski
Fri Sep 29, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4283

Two Comma Club

Last month I put out a post that asked a question about counting a privately held business interest towards one's net worth. It was unanimous: don't count it. Okay, but we were so close to hitting the two comma club, counting any part of it would have pushed us over the threshold. In the end the dea...
by djpeteski
Fri Sep 29, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Lost my job and looking for advice on next steps
Replies: 43
Views: 5189

Re: Lost my job and looking for advice on next steps

I can't imagine considering retirement with a .5 million dollar mortgage and a kid in college. The ARM aspect of the mortgage would also scare the crap out of me.

If it was me, I would work until I pay off the mortgage and have enough saved for our son to be ready to enter the work force.
by djpeteski
Thu Sep 28, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: Zander Identity theft
Replies: 8
Views: 926

Re: Zander Identity theft

I just had this conversation with my mom. A couple of years ago I got hit with identity theft, about 5 times, and had Zander. The bottom line is they did nothing for me. While they were nice and willing to help, they told me to first have my bank/credit card company work on it and see what they say....
by djpeteski
Thu Sep 28, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Paid off Debt...credit score dropping and future mortgage
Replies: 34
Views: 2445

Re: Paid off Debt...credit score dropping and future mortgage

In my case, I paid off all my debt, including my mortgage.

I do keep a credit card for rewards, but have closed all other accounts. There were short term drops, but as of right now I have the highest credit score of my life.

Ironic as I no longer need or want credit.
by djpeteski
Thu Sep 28, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: 27yo looking for advice on first house budget
Replies: 29
Views: 2468

Re: 27yo looking for advice on first house budget

So others have said, congratulations on killing it financially. I would not have a terrible problem with you purchasing a 400K house. In order to make it comfortable, that would mean PMI for a few years and a 30 year. However, you would still be in decent shape. That would probably not be wise. Inst...
by djpeteski
Wed Sep 27, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4445

Re: $700 to install a dishwasher seem by a plumber?!

$700 sounds reasonable for a licensed plummer in Chicago:

$200 for install/plummer
$100 for parking
$400 for security team

Sorry.

:beer
by djpeteski
Wed Sep 27, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 10969

Re: The Rolex and The Boglehead

gasdoc wrote:
Tue Sep 26, 2017 2:15 pm
Is there room for middle ground? I love my $250 Citizen Eco Drive.

gasdoc
I was going to say the same thing. Citizen is really an awesome brand.
by djpeteski
Tue Sep 26, 2017 2:28 pm
Forum: Personal Consumer Issues
Topic: Unbelievable AT & T
Replies: 29
Views: 3570

Re: Unbelievable AT & T

AT&T is a total mess right now. The introduced UVerse and then bought DirecTv. There systems do not integrate well and it causes severe problems. I am really struggling with their services right now and even paying my bill despite being signed up for auto pay. If I was you, I would happily pay them ...
by djpeteski
Mon Sep 25, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Invest, or Buy a $25,000 Screened-in Deck?
Replies: 24
Views: 2223

Re: Invest, or Buy a $25,000 Screened-in Deck?

If you were not outdoor people, then the screened in deck is probably a silly idea. However, I do not think that is the case. As others have said: If you are meeting your other financial goals, and can pay cash for the screened in deck, then green light. Being wealthy involves three things: giving, ...
by djpeteski
Mon Sep 25, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Is it a stupid financial decision to rent for another year?
Replies: 13
Views: 876

Re: Is it a stupid financial decision to rent for another year?

I think renting or buying is not a stupid financial decision either way. Buying is not all it is cracked up to be, especially if you really like your rental. For perspective, most of my weekend was spent doing hurricane cleanup, running around town trying to find supplies, meeting with roofers in or...
by djpeteski
Wed Sep 20, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you pay for credit monitoring?
Replies: 25
Views: 1297

Re: Do you pay for credit monitoring?

I had zander id theft insurance; and, was hit with fraud. Someone social engineered their way into my checking account (posing as my wife) and western union'ed themselves $2500. While I was attempting to resolve this I was also hit with CC fraud, and again about three months later. I had that checki...
by djpeteski
Wed Sep 20, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1749

Re: What say ye... 60/40 or 65/35?

soccerrules wrote:
Wed Sep 20, 2017 12:53 pm
Hyper-- good point, I would not. I might use my EF to fund an IRA contribution and then replace.
That is ill advised. An EF is there for unforeseen emergencies, or black swan events. What happens if one (or more) occur during the replacement period?
by djpeteski
Wed Sep 20, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: 30yr Mortgage Refi Rates
Replies: 16
Views: 2511

Re: 30yr Mortgage Refi Rates

I did an awesome refi, a couple of years back.

I had a 15 yr at 3.5%. I replaced that with a Home Equity Loan:

First position
Fixed, term (7 years) and rate 2.3%
No closing cost.

In the end it saved me less than $1,000 as I paid it off 13 months later, but it is/was a great option.
by djpeteski
Tue Sep 19, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: What is the right career path for me?
Replies: 24
Views: 2482

Re: What is the right career path for me?

I would say #4 is mutually exclusive to 1 and 2.
by djpeteski
Tue Sep 19, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 867

Re: Short term disability insurance

You are not crazy, they are.

You insure against catastrophic losses, not small ones. In the case of disability, long-term disability is a must, short-term is only for broke people.
by djpeteski
Tue Sep 19, 2017 7:27 am
Forum: Personal Consumer Issues
Topic: After Irma in need of............
Replies: 25
Views: 2277

Re: After Irma in need of............

New roof. I look at this as a blessing. I get a 20k product for like 5k.

Chain saw - purchased.

Generator. A guy at work made a great business case: If it saves you from throwing away $300 worth of food, then it pays for itself after two uses.
by djpeteski
Tue Sep 19, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25178

Re: Calling out the not so rich bogleheads

The one thing I will say to the OP, and those who consider themselves as "not so rich bogleheads", is that you do not know what the future holds. It is easy to find doom and gloom predictions, but I would like to offer one of hope. Making good financial decisions now will typically lead to good thin...
by djpeteski
Tue Sep 19, 2017 6:36 am
Forum: Personal Consumer Issues
Topic: Any Ford Escape drivers in Boglehead-land?
Replies: 23
Views: 2351

Re: Any Ford Escape drivers in Boglehead-land?

I got a really great deal on an Edge (new 2016 bought in 2017 just before the 2018 were poised to come out), the next size up from the Escape. Pretty happy with it. They might be all gone, but when we were shopping several dealers still had them on the lot. The sticker was just under 40K, and we got...
by djpeteski
Tue Sep 19, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Help With Rental Property Decision
Replies: 30
Views: 1967

Re: Help With Rental Property Decision

If there is a lot of interest in the condo, then I would look over the applicant pool. If you can find a really good tenant, then you can probably "kick the can down the road" for a year or two by renting. I would then position myself to be ready to sell, have 6 months worth of payments sitting in a...
by djpeteski
Tue Sep 19, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: Convertible in Florida or not...
Replies: 38
Views: 2386

Re: Convertible in Florida or not...

I'd do it, but then again I often drive with the windows down and sun roof open (Orlando). That and I also used to ride a motorcycle, but gave that up because everyone is too busy texting while they drive.
by djpeteski
Tue Sep 19, 2017 6:14 am
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 5003

Re: Getting (young) kids interested in coding

For the record, I would classify this as child abuse.