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by djpeteski
Tue Feb 20, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 581

Re: Paying for expedited credit card replacements?

This reminds me: My Amex Plat card was compromised in the wee hours just before I was to leave town. (Not related, but certainly inconvenient!) Upon being told that I'd need the card, Amex arranged to overnight it to the "manager" at my hotel, with arrangements for them to ask me a bunch of securit...
by djpeteski
Tue Feb 20, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 581

Re: Paying for expedited credit card replacements?

All happened to me, also with a Fidelity branded card. It was most inconvenient as the fraud surfaced the day before leaving before an 8 day cruise. I opted not to have it expedited as I would be out of the country anyway. However, they still hit me with the fee. When I called to complain, the could...
by djpeteski
Tue Feb 20, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 84
Views: 7849

Re: Bogleheads with $100K+ MSRP cars?

The car I drive is a 08 Honda accord with 220k miles. I might be able to get 2k for it. I have a bicycle with about 2k wrapped up into it and a spare worth another 550 or so. I can't believe I bought a bike worth 2k that can only be ridden for recreation. Not the same order of magnitude, but still.
by djpeteski
Tue Feb 20, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 44
Views: 4743

Re: Staying Motivated: How do you ward off hopelessness?

Bogleheads....A question for this group. How do you deal with 'flagging motivation', or a sense that your financial goal is insurmountable, and cannot be achieved? Or dealing with the feeling that no matter how hard you try, it might be hopeless? My wife and I were married in 2013, both divorced an...
by djpeteski
Tue Feb 13, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16718

Re: Number at which to stop worrying

One always needs to be a little worried. At least worried enough not to have an entourage.

MC Hammer earned 33 million in 1991 and is now broke. Among other things he had an entourage. He was not at all worried.
by djpeteski
Tue Feb 13, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 10729

Re: Our 'cure' for emergency expenses

One line item that can be included in this is life insurance. It saves 10-15% if you pay annually instead of monthly. We also do this for property tax since we have always done our own escrow.

Essentially it is an escrow account for your life.
by djpeteski
Mon Feb 12, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: moving my mother's "escape" fund to me
Replies: 28
Views: 3242

Re: moving my mother's "escape" fund to me

To me, it is a lot of mental energy trying to avoid the inevitable. If an escape fund is needed then it should probably be utilized.
by djpeteski
Mon Feb 12, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Seeking career advice - Software Engineer
Replies: 34
Views: 2700

Re: Seeking career advice - Software Engineer

Also a software engineer and based on what you said, I would give it a few weeks. Sure learn some new things, but give it a few weeks, and then make a decision. A company I worked for did this famously a few years back. They hired an outside consulting company, and they laid off everyone who has bee...
by djpeteski
Fri Feb 09, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Started first big investment 2 weeks ago - Sell quick?
Replies: 29
Views: 1848

Re: Started first big investment 2 weeks ago - Sell quick?

We both have a long horizon for this investment, but it was just very poor timing! My wife is 39 weeks pregnant so I'm trying to get all of this straightened as fast as possible :oops: I'm fully in the "hold+invest+buy" camp for investing, but it just seems sensible to sell right now? Congratulatio...
by djpeteski
Fri Feb 09, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 110
Views: 6329

Re: Suggest coffee maker please

If it is just for you then a french press is great. Sort of like cowboy coffee, but with a strainer.
by djpeteski
Fri Feb 09, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: Stock Market Survival Guide
Replies: 4
Views: 913

Re: Stock Market Survival Guide

But rather than increase investors' expectations of a bear market potentially being just around the corner, it seems to have lulled many into thinking that stocks aren't risky and just go up indefinitely. Human behavior doesn't seem to change much, if at all. Excellent post and what I see is the sa...
by djpeteski
Thu Feb 08, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Option bonus from company - not sure which to pick
Replies: 11
Views: 626

Re: Option bonus from company - not sure which to pick

For me I like the 401K option the best. Why: - The 1k put in by the company does not count against your 18.5k max for the year (provided you are under age 50). - Will 1K after taxes change your world significantly? Probably not. In effect options 2 and 3 are the same. - Years from now, you will wish...
by djpeteski
Thu Feb 08, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Chase self-directed account
Replies: 12
Views: 617

Re: Chase self-directed account

Will the perks be worth what you pay in commissions? I'm not familiar with private client services but from a glance at the website it looks like nonsense jargon which makes me wonder if they are trying to distract from the fact that they don't offer much value. I struggle with this as well. We cou...
by djpeteski
Wed Feb 07, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Recently divorced trying to clear all of my credit card debt.
Replies: 46
Views: 2965

Re: Recently divorced trying to clear all of my credit card debt.

The way I see it, you can be debt free without really trying. 27K in CC debt in 24 months is 1125 per. With the budget you listed you have 1430 or so of free cash flow. That gives you 305 per month extra. This should more then cover CC interest, which will be drastically going down each month. You c...
by djpeteski
Wed Feb 07, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: Want a Safe Car, Feel Guilty
Replies: 72
Views: 5167

Re: Want a Safe Car, Feel Guilty

This places the price around $33k to $38k. I would pay for it outright but still makes my stomach churn. What is your portfolio like? I bet it is healthy. Trade in or sell your Lexus, and buy the car you want in the color you want. It doesn't even matter if you negotiate well. You have earned it. M...
by djpeteski
Wed Feb 07, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13334

Re: Financial Hole

I am taking notes from this thread and will try the various things that I have not yet tried. Good for you Joe, I really hope that you can change your situation. I see that you are in Forks, WA. I used to live in the Fidalgo Island area of Washington, which is far away, but of a similar economic st...
by djpeteski
Tue Feb 06, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13334

Re: Financial Hole

Get a free library card and you can get the Total Money Make Over there. That is what i did. I just took notes on what I should be doing. If he was in the Orlando area, I would give him a copy and buy him a cup of coffee. To me the OP doesn't want help, just complain. Having coordinated several Fin...
by djpeteski
Tue Feb 06, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Vacation options for wide age-range of children?
Replies: 26
Views: 1510

Re: Vacation options for wide age-range of children?

A cruise. Each kid can find an age-appropriate group. Lots of organized activities. Self-contained so they can run wild. Second, and I would go so far as recommending a Carnival Cruise of at least a week. The shorter ones, tend to be "booze cruises". If you have a teenage boy, they will be feed suf...
by djpeteski
Mon Feb 05, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance amount/length question
Replies: 8
Views: 403

Re: Life Insurance amount/length question

At the bare minimum I'd get 600k on you and 1 million on her and consider getting more. I feel like you guys owe a lot on your home for your income level, and about 10x is the recommended minimum. I would also not count your work policy towards this amount. What is your plan for children? What are y...
by djpeteski
Mon Feb 05, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13334

Re: Financial Hole

This board contains some great financial minds that are willing to help for free. Some have pulled themselves up from poverty. Taking the time to outline your specific situation, with a budget, loans outstanding, pay rates, and even location will allow these great minds to providing meaningful and s...
by djpeteski
Fri Feb 02, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Leaning Toward Paying Extra Principal to 30 Year Mortgage
Replies: 15
Views: 1153

Re: Leaning Toward Paying Extra Principal to 30 Year Mortgage

We did not have the cash position that you have, but aggressively paid down the principle. Coming up on a year of being mortgage free, we are both very happy we did so. Some might consider us a bit foolish, but we mostly cleared out our savings account to get rid of the loan. We still kept some emer...
by djpeteski
Fri Feb 02, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance premiums: buy now or wait a year or two
Replies: 23
Views: 825

Re: Term insurance premiums: buy now or wait a year or two

I would echo the chorus of "get it now", and mean like today. Like start the process before your head hits the pillow tonight. When you have a need, with life insurance, there is no procrastination that is justified. If you do drop the weight, then you can always replace with a lower cost plan. What...
by djpeteski
Fri Feb 02, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Need help - first major career choice (fed. gov.)
Replies: 39
Views: 2445

Re: Need help - first major career choice (fed. gov.)

I worked with some Fed Gov employed geologist. Some really knew how to work the system, which I don't fully understand, but the possibility for promotions are pretty good. Sure you can move up to the next band, but if you have contracting and management skills you can move up well beyond that. For t...
by djpeteski
Thu Feb 01, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Disney World question, accessing resorts and monorail
Replies: 6
Views: 785

Re: Disney World question, accessing resorts and monorail

Yes you can do this. You can do this many places but I would tend to go to the Contemporary resort, there is plenty of parking. If you are going to do this go to the Animal Kingdom lodge. You can get there by car or Disney bus, but it is basically like a free zoo. Do this if you have any interest in...
by djpeteski
Wed Jan 31, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: New or used vehicle for new graduate with job?
Replies: 31
Views: 1325

Re: New or used vehicle for new graduate with job?

There are several things in your post that concern me: He needs to replace... Does he really need to replace? I drive a car with 200k miles on it, and could easily justify a new car, but I don't need to. Pehaps a new tune up and tires will refresh the car. Lower priced sedans will not meet his needs...
by djpeteski
Wed Jan 31, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Disney visit
Replies: 28
Views: 3463

Re: Disney visit

As a local, all I can say is that your options are near limitless. There are so many hotels of so many different classes that you can spend what you want. When I came here as a tourist, back in 1996, we stayed here https://www.redlion.com/orlando that still rents for about $50 a night, and was a dif...
by djpeteski
Wed Jan 31, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to park cash
Replies: 32
Views: 2490

Re: Best place to park cash

My amex personal savings just got bumped to 1.45%
by djpeteski
Tue Jan 30, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.
Replies: 71
Views: 10551

Re: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.

This can’t possibly be right, can it? In this scenario, the household would have $53,600 to live on. I also didn’t account for FICA or state income taxes. Any critiques? I come up with 46,715 to live on after social security. It is very possible to live on that and is certainly doable. Sample budge...
by djpeteski
Tue Jan 30, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6674

Re: How to think about your house from a financial perspective

2. You "win the game" if the real return on the sale of a house (purchase + cap improvements) is positive. Of course, but lets say you purchase a home for 100K, make 10k worth of improvements and repairs and sell it 3 years later for 105k. Did you still win the game? Assuming that it was a nice hou...
by djpeteski
Mon Jan 29, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 3898

Re: what do/did you do with your evenings with a Toddler in winters ?

My 14 month old doesn't even pay attention to screens anyways. He ignores the TV if it's on. He will pick up my phone and play with it, but will throw it on the floor after examining it 30 seconds or so. Are other children that age different? Yes, very much so. I can say that confidently from my ow...
by djpeteski
Mon Jan 29, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 3898

Re: what do/did you do with your evenings with a Toddler in winters ?

The one thing I would caution against is very much screen time for toddlers. https://www.babycenter.com/screen-time-babies-toddlers Basically none for < 18 months And an hour or less per day for older toddlers. The research by pediatricians are indicating nothing good can come from excess screen time.
by djpeteski
Mon Jan 29, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Take HELOC deal to pay down mortgage?
Replies: 3
Views: 439

Re: Take HELOC deal to pay down mortgage?

You could do something very different: Get a HEL for the entire mortgage amount you have left. When you talk to the banker make sure you point out the following: 1) You want a HEL, that is a home equity loan. Fixed rate, fixed term 2) It will be in first position and that there will be no other loan...
by djpeteski
Mon Jan 29, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Invest in another rental property, pay debt, or index funds?
Replies: 5
Views: 571

Re: Invest in another rental property, pay debt, or index funds?

Obviously the choice is yours, but for such an income and assets why in the world would you borrow money to purchase a car? You asked, so I will answer, working on paying down your consumer debt, then also on your mortgage. Also I would reduce my holdings in individual stocks to no more than 10% of ...
by djpeteski
Mon Jan 29, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica Life insurance/investments
Replies: 39
Views: 1949

Re: Transamerica Life insurance/investments

mrpotatoheadsays wrote:
Mon Jan 29, 2018 3:21 am
Run!

NEVER invest with an insurance company.
+100 This person should be dead to you (at least as far as finances). Never talk to them about money again.

Or sign up with them, and in 5-10 years have a lot of regret. Your choice.
by djpeteski
Fri Jan 26, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2850
Views: 894192

Re: What Book Are You Currently Reading? Part VI

Just finished "The Force" by Don Winslow. Gripping page turner. Outstanding story of an elite New York City police detective and his partners. Police and political corruption intertwined in a magnificent plot. Highly recommended. Enjoy, Dave Any thing by Winslow is excellent. Often times depressing...
by djpeteski
Thu Jan 25, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 46
Views: 2936

Re: What will you do with your tax refund?

Apply it to next year's estimated tax.
by djpeteski
Thu Jan 25, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: What steps should my sister and I go through to claim our inheritance?
Replies: 21
Views: 2722

Re: What steps should my sister and I go through to claim our inheritance?

From some quick research, and I am no lawyer, it seems you should have inherited half of your father's estate upon his death. The other to your step mom, and once she passed you two would not have been entitled to that half.

It sounds suspiciously like you need a lawyer.
by djpeteski
Thu Jan 25, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Shall I buy LTC - fixed premium universal life insurance?
Replies: 30
Views: 1719

Re: Shall I buy LTC - fixed premium universal life insurance?

I run a simple model with 7% annual return if I invest 100K with 3-fund portfolio. By the age of 60 (when I might need LTC), the investment only grows to ~$260K and even less after paying taxes. The breakeven point happens when I start to use LTC at age 75, when the investment has time to grow to $...
by djpeteski
Thu Jan 25, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Two commas for a day
Replies: 14
Views: 2243

Re: Two commas for a day

I will admit that the stock market had more to do with our getting there than our savings rate did. Congratulations, BTW :sharebeer This is an important concept that not many people talk about. At sufficient net worth levels, one is victim to the markets A person may save well in a year, or even ve...
by djpeteski
Wed Jan 24, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: The Money Show - Coming to a Town near you
Replies: 12
Views: 1283

Re: The Money Show - Coming to a Town near you

Years ago, when Jack Bogle was the keynote speaker at the Money Show in Orlando, the Money Show folks invited us to have our Bogleheads group attend. Since it was on rather short notice, we made it an "unofficial" Bogleheads Conference, and thus isn't included in the official Bogleheads Conference ...
by djpeteski
Wed Jan 24, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: The Money Show - Coming to a Town near you
Replies: 12
Views: 1283

The Money Show - Coming to a Town near you

I just got an invite to an event called "The Money Show". Essentially a trade conference where the finance industry tries to sell us it's wares. If it would were free, I might consider going. However, the $139 price tag to attend makes it an easy "no thanks". Has anyone attended one of these events?...
by djpeteski
Wed Jan 24, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Help needed with a loan/payoff scenario.
Replies: 14
Views: 589

Re: Help needed with a loan/payoff scenario.

You can get a bit closer to the exact figure by knowing the difference in interest rate. As one poster said: Assume $200/month for 6 months of missed extra payments. Assume instead you put the money in a savings account earning 1% Your mortgage is 4% So in this case you can find the correct value in...
by djpeteski
Wed Jan 24, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 17
Views: 3518

Re: The Disaster That Is General Electric Company Stock

What were VTSAX's returns in that same timeframe? How good a buying opportunity is it? Was around 25 at the beginning of 2009 and is around 70 now? That's excluding dividends. Buy the market. I agree that buying the total market is the right move. However, the article demonstrates a lack of knowled...
by djpeteski
Wed Jan 24, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 6629

Re: Individual Stocks That Went Bust

Kaypro computers. Throughout the 80's they have a huge advantage in "luggable" personal computers. However, they went bust. As one financial author put it: "Plenty of Kays not enough pros".
by djpeteski
Wed Jan 24, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 17
Views: 3518

Re: The Disaster That Is General Electric Company Stock

This could be a buy opportunity. Much like buying in 09 and selling in 16, you could have doubled your investment while collecting dividends the whole time.

While the reduction in dividend is quite a blow, it was probably a smart move.
by djpeteski
Wed Jan 24, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with chip - fraud. How?
Replies: 7
Views: 800

Re: Credit card with chip - fraud. How?

The chip is not to protect you, but the CC companies. The local pizza shop takes CC#'s over the phone as a regular practice. Trudy, who stole your CC# & Expiration date a few weeks ago, orders food from said pizza shop using your card. A few weeks later you dispute the charge and report the card com...
by djpeteski
Tue Jan 23, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Buy house next door house as a rental?
Replies: 24
Views: 1626

Re: Buy house next door house as a rental?

We are in a very rental heavy neighborhood. I often see owners rent their homes for a year or two after moving. They usually sell pretty quick when it becomes apparent it's not a great money-maker. This is kind of what I am finding, the returns are just not that good. I own a condo, in which my wif...
by djpeteski
Tue Jan 23, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4571

Re: New Brake Pads

I had my oil changed today and found out I need new brake pads. They quoted me: $229 plus tax for front brake pads and resurface the front rotors $171 plus tax for rear brake pads Does this seem like a reasonable cost? Any suggestions? To me that sounds somewhat reasonable, however I would ask for ...
by djpeteski
Tue Jan 23, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Prioritizing paying down debt
Replies: 19
Views: 1501

Re: Prioritizing paying down debt

You are doing great for your age. You are really living the "American Dream". None of your debt is terrible. Completely "normal". Here is a Boglehead tip: Normal kind of sucks. :wink: You need a plan. I think Dave Ramsey - I'd second this, you guys are doing pretty wonderful, have a great income an...