Search found 817 matches

by djpeteski
Thu Jun 06, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Pine Tree Incident
Replies: 31
Views: 3546

Re: Pine Tree Incident

The restoration company wants to make an exclusive bid on all of the repair work, but will only do so if we don’t get other estimates. We have a structural engineer and roofing company that we want to get an estimate from for the roof repair. My experience with this is that this is not an true rest...
by djpeteski
Thu Jun 06, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 4764

Re: Company requiring salaried employees to clock in?

destinationnc wrote:
Wed Jun 05, 2019 10:45 am
This is silly. Just because you're at work doesn't mean you're working....
The inverse is also true.

Just because you are not at work, doesn't mean your're not working.
by djpeteski
Wed Jun 05, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5918

Re: Would you buy a house without a garage?

Pepe.Silvia wrote:
Tue Jun 04, 2019 11:37 pm
...for all intents and purposes, the house does not have a usable garage.
I could not disagree more. Garages are for bicycles. This is a perfectly usable garage if you can store your quiver of bicycles.

:D
by djpeteski
Mon Jun 03, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Havasupai, Have a Sticker Shock
Replies: 27
Views: 3689

Re: Havasupai, Have a Sticker Shock

Everything at the Havasupai reservation seemed way over priced for what you were getting. The wife and I drove from Las Vegas to visit the Grand Canyon, and were kind of disgusted by the unbridled desire to get in one's back pocket. I think a bottle of water was like $17 or something silly like that...
by djpeteski
Mon Jun 03, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Pay off debt or create passive income?
Replies: 12
Views: 1042

Re: Pay off debt or create passive income?

Paying off debt is creating passive income. It has a very good rate of return, there is no risk, and it requires no management. Also it is tax free.

Pay off your debt.
by djpeteski
Mon Jun 03, 2019 8:44 am
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2428

Re: Pre-Military Seeking Investment Planning

Surface Warfare in the Navy. Ship deployments overseas. Auto advancement to E-3 maybe E-4 after schools which gets me OHA, split rent multiple ways between other squids for a single apartment and pocket the rest so I expect to get much more cash out. I don't mind being overseas for a while and actu...
by djpeteski
Thu May 30, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14895

Re: Fun paid jobs after FIRE

Hopefully I can work part time, as a local bike shop as a mechanic or in sales. It has to be local so I can bike to work, if I have to climb into a car might as well stick with a well paying job.
by djpeteski
Tue May 28, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3275

Re: Blended Family Issues and Keeping Things Equal

Any rough estimate the cost that I should expect? It is typically a bad deal, but does your employer have legal insurance? Typically you pay about 200-300 for the year, spread out over the year. In the year I needed a will I signed up for the legal insurance and had a will drawn up. I feel we got a...
by djpeteski
Thu May 23, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: What is the best way to test drive cars?
Replies: 39
Views: 2938

Re: What is the best way to test drive cars?

4. Take control completely in the selling/showing process. Walk out at any time. You're the customer. It's your money. So many people forget that. The salesmen attempt to act like they are doing you a favor, when the opposite is true. You have the cash to purchase a car and they (and others like th...
by djpeteski
Thu May 23, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3377

Re: Mortgage almost paid off

Well done sir!

When we did it, we just went into the bank and wrote a check for the final amount. Dinner at a nice steak house followed.

Celebrate your accomplishment would be my suggestion.
by djpeteski
Wed May 22, 2019 7:23 am
Forum: Personal Investments
Topic: $400,000 gift to stepdaughter
Replies: 76
Views: 8689

Re: $400,000 gift to stepdaughter

Thanks Prahasaurus. So with that said, does anyone have thoughts about investing the money long term in a permanent 65% stock/35% fixed income allocation? Initially I plan to invest $325,000 in Vanguard LifeStrategy Growth Fund (VASGX), and $75,000 (or 5 years’ worth of payout) in Vanguard Prime Ma...
by djpeteski
Wed May 22, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: What would you do - Large Commission (Bonus)
Replies: 23
Views: 2011

Re: What would you do - Large Commission (Bonus)

First off, if you pay your CC bills off monthly, it is not considered a debt. In light of your income and emergency fund, 4k per month seems pretty standard. Congratulations on your bonus any may you earn more. When receiving windfalls, I like the whole save/invest some, spend some, and give some. L...
by djpeteski
Mon May 20, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Do handymen typically guarantee work?
Replies: 20
Views: 1477

Re: Do handymen typically guarantee work?

We had some shelving in our walk-in closet collapse a few months ago. Our handyman repaired it, but it collapsed again last week. Our handyman said he will come fix it this week. I am assuming he will fix it for free. But my spouse thinks he will charge us something.. Not sure what is customary... ...
by djpeteski
Fri May 17, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Compound miter saw recommendation
Replies: 42
Views: 2351

Re: Compound miter saw recommendation

You might want to shop garage sales. My neighbor sold a sliding dewalt for like $30. His was better than mine, but I would not let mine go for less than $100. I think you can get a lot of saw for cheap if you buy used.
by djpeteski
Fri May 17, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Logistics of splitting tuition costs with child
Replies: 77
Views: 3422

Re: Logistics of splitting tuition costs with child

I think, at this point, you should just save "some" for college. You are at least 12 years away from undergrad for the oldest. What will your world look like then? Who knows? The key is that you don't need ~(65k*4)*.75 the day your child starts school. You only need one semester's worth. Getting you...
by djpeteski
Fri May 17, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 8103

Re: We’ve won the game...but how do we stop playing?

Listen to your grandmother. She won, but it's her money and her right to determine what is right for her. It doesn't matter what you prefer, it's not your money. If she passes the holdings to beneficiaries, under current law the beneficiaries will receive a stepped up basis in the equity - no capit...
by djpeteski
Thu May 16, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 8871

Re: Amazon....we all have seen this before :)

I own a lot of amazon (I think), through mutual funds.

...

I just confirmed it. It is a top ten holding of Fidelity Total Market Index Fund.
by djpeteski
Thu May 16, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6576

Re: Do you reward yourself for achieving a financial goal?

Nice work with the Garmin. Rewarding yourself by investing in your fitness/health is a great idea. So, buy that new bike, treadmill, fitness watch, or gym membership when you hit a milestone. Thanks bluebolt. I just did my first HIM last Saturday in Panama City, FL. The swim was super challenging, ...
by djpeteski
Thu May 16, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6576

Re: Do you reward yourself for achieving a financial goal?

Hi, Like the title says, did you ever buy luxury for as a reward? Like a nice rolex when reaching 250000 net worth or a new BMW at 500000 or something like that? With the numbers you cite the rewards greatly outpace the achievements. My thought was to buy myself a Sekio watch when I hit the two com...
by djpeteski
Thu May 16, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 315
Views: 21639

Re: Selling home- Demanding Buyer (Repairs)

Given the tight market, I would not make the repairs and give the buyer 5k off the purchase price of the home. Let them take care of the septic problem and those silly repairs what they want. Final offer. If not the house goes back on the market. Some version of that is acceptable to you and you hav...
by djpeteski
Wed May 15, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4770

Re: Concerned about getting laid off

The layoffs are at all levels and the severance is really bad (4 to 12 weeks). I think I would be at the 12 week end due to my tenure. I’m curious why you think paying off the car loan is important? It’s a very low interest rate and over the life of the loan interest is only costing about $2,300. F...
by djpeteski
Wed May 15, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4770

Re: Concerned about getting laid off

The good news is that you seem to be a valuable worker. That is going to carry the day. You will be able to find work quickly. What do the layoffs look like? Are people getting severance? The bad is you carry consumer debt. With your income having a 19k car loan is silly. If you felt secure in your ...
by djpeteski
Tue May 14, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 7902

Re: Inherited ranch

Advice needed. Parents have passed. Small (400) acres of ranch land to be split 4 ways. One branch of family wishes to purchase it, which is fine. However, they want to pay it out to the other heirs over 20 years, no interest. Thoughts? Advice? This has already caused a split n the family. The pric...
by djpeteski
Tue May 14, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 58
Views: 4051

Re: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?

iamblessed wrote:
Mon May 13, 2019 10:36 pm
If so could you name what kind of loans you do have? I have three personal loans and wonder if this is enough.
Why is a good credit score important to you? For some, it is irrelevant. It seems very irrelevant to me.
by djpeteski
Mon May 06, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: What do you do with variable bonus?
Replies: 24
Views: 1747

Re: What do you do with variable bonus?

I recently got promoted and it came with no salary increase but with increased profit sharing. At my current client level, it amounts to about 50k/year but obviously is not guaranteed. I would never have it be a part of my budget, but I would make a plan for it. I would do a plan for if you got 11k...
by djpeteski
Mon May 06, 2019 7:19 am
Forum: Personal Consumer Issues
Topic: Car loan dilemma
Replies: 34
Views: 2854

Re: Car loan dilemma

Pay it off, drive a paid for car.
by djpeteski
Mon May 06, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Is the low interest rate loan arbitrage always worth it?
Replies: 13
Views: 1287

Re: Is the low interest rate loan arbitrage always worth it?

So someone just posted on how they were able to get a low interest car loan that is less than their online savings account. From such a transaction they will make $140 over the three years they would have the loan. That is just not worth it to me. The trouble with the premise of your question is tha...
by djpeteski
Mon May 06, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: New car loan - Interest rate
Replies: 32
Views: 3712

Re: New car loan - Interest rate

Appreciate all inputs I received. Went with https://www.andrewsfcu.org/ for a rate of 1.89% for 36 months (2.14%-0.25% for auto payment setup) which is lower than interest I receive for my online savings account. :sharebeer Ally is currently paying 2.2%. Are you really going to play the arbitrage g...
by djpeteski
Thu May 02, 2019 7:18 am
Forum: Personal Consumer Issues
Topic: My silly question: what $20-50 gift should I ask for?
Replies: 20
Views: 1432

Re: My silly question: what $20-50 gift should I ask for?

nfs wrote:
Thu May 02, 2019 1:59 am
I like to ask for experiences and/or someone's time.
Agree with this. A pint and an appetizer out a good pub is on the low end of the price range and a fantastic gift.
by djpeteski
Thu May 02, 2019 5:56 am
Forum: Personal Finance (Not Investing)
Topic: The goal of achieving FI
Replies: 41
Views: 3500

Re: The goal of achieving FI

Financial Independence, so that: I can do whatever I want, whenever I want, however I want it. Your goal writing needs to be better. You will never be able to fly to mars in a submarine. So, as written, you will fail in your goal. Being a bit more reasonable, would you consider yourself have failed...
by djpeteski
Wed May 01, 2019 9:09 am
Forum: US Chapters
Topic: I'm shocked there's not a local Boglehead chapter in The Villages, FL!
Replies: 9
Views: 1363

Re: I'm shocked there's not a local Boglehead chapter in The Villages, FL!

I disagree, The Twin Cities has a well run chapter that meets 3 times a year. The organizers arrange for different speakers and breakouts with various topics of interest to the attendees. It's a great way to meet like minded people and explore various ways to get to FI. One of these days I hope to ...
by djpeteski
Wed May 01, 2019 7:24 am
Forum: US Chapters
Topic: I'm shocked there's not a local Boglehead chapter in The Villages, FL!
Replies: 9
Views: 1363

Re: I'm shocked there's not a local Boglehead chapter in The Villages, FL!

I am always at a loss to the value of a Boglehead chapter. Sure the encouragement and like-mindedness is great as well as meeting new people. However: Person 1: "So how are you invested?" Person 2: "Three fund portfolio, 60/40/10." Person 1: "Me too, but I am 70/30/10." Person 2: "" Person 1: "" Per...
by djpeteski
Mon Apr 29, 2019 9:42 am
Forum: Personal Investments
Topic: Investing in Business as a partner
Replies: 18
Views: 921

Re: Investing in Business as a partner

If it was me I would do one of two things: 1) Buy the building and rent it out to the current occupant. If his business goes under, can you handle the mortgage? Can you rent it to someone else? 2) Buy the building and the business and hire the guy to manage it for you. While more risky, you could gi...
by djpeteski
Thu Apr 25, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Auto Loan Question
Replies: 10
Views: 346

Re: Auto Loan Question

It if was me, I'd just pay it off. It it really worth paying the arbitrage game for 1.2% on 7500? You already scored the rebate.
by djpeteski
Wed Apr 24, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 17050

Re: Whats the Point of Climbing the Corporate Ladder?

Whats the point of climbing the corporate ladder if I'm fine with my current salary and position and can hit all my financial goals without future promotions raises etc? I am at a point where boss says I can be promoted but must be willing to work more hours be available at all times of day etc. Ba...
by djpeteski
Tue Apr 23, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8183

Re: What, if anything, do I owe this guy?

If it was me, I would through everything he gave me in the trash and let it die. I would not take his calls. At most, if he emails me I would respond with a "Not interested, please take me off your list". Block his number, block his email. You don't owe him anything and that includes an explanation.
by djpeteski
Tue Apr 23, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: How to fix foundation damaged by neighbor's car
Replies: 23
Views: 2460

Re: How to fix foundation damaged by neighbor's car

I would file the claim. The likelihood that he will pay an acceptable amount is about zero. He is worried about a 30 or 40 per month increase in his insurance (and it might not be that much) and he can cover a repair that might be in the thousands? Unlikely.
by djpeteski
Tue Apr 23, 2019 7:47 am
Forum: Personal Consumer Issues
Topic: Negotiating new boat price
Replies: 13
Views: 1461

Re: Negotiating new boat price

I'm planning to buy a new personal water craft. I know the exact make and model I want and it seems only one dealer within a few hour radius of me has it in stock. Any tips for negotiating, trying to get it under MSRP? To me, the way you frame the problem indicates nothing but weakness. You will ha...
by djpeteski
Wed Apr 17, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2715

Re: Young Couple Seeking Financial Advice From Bogleheads

Here is some advice for you: You might want to give advice to others. The fact that you have savings accounts, are looking to buy a reasonable used car for cash, and are looking to pay cash for a wedding is quite astounding for people your age. You two seem to have really good financial sense in man...
by djpeteski
Wed Apr 17, 2019 7:36 am
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 11000

Re: $1.1 million rental portfolio, but tired of being a landlord

Have you considered selling off one or two of your least favorite properties and reevaluating? This would spread out the tax hit over time, diversify, and still keep an income.
by djpeteski
Fri Apr 12, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6270

Re: Soon to be dad, how to prepare

Congratulations! Here is a book that my wife (who is a midwife) recommends to new dads: https://www.amazon.com/Expect-Expanding-Month-Month-Father It all depends on the personality of kid that comes out. Some sleep through the night soon, some are plagued by reoccurring ear infections and are nothin...
by djpeteski
Thu Apr 11, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 195
Views: 20333

Re: Wife hates new job...wants to quit after 1 day

Day 3 Update: -Tuition reimbursement has been approved. -Still at a table. -People impressed that she’s learning very quickly because she’s apparently the first employee to read the intranet documentation. -She’s moved to a 5 out of 10 but still very unhappy. Honestly, I feel if her first day had b...
by djpeteski
Thu Apr 04, 2019 7:33 am
Forum: Personal Investments
Topic: Do I have too much cash?
Replies: 16
Views: 3142

Re: Do I have too much cash?

It depends on other factors. 50K might be not enough or too much. Are you planning to replace cars soon? If so what are you buying? If you plan on buying a 40K SUV, then you should beef up your cash! You also mentioned that you are renting currently. Are you planning on buying? If you do buy are you...
by djpeteski
Thu Apr 04, 2019 7:28 am
Forum: Personal Consumer Issues
Topic: Pay cash for hvac or leverage 0% financing?
Replies: 42
Views: 1772

Re: Pay cash for hvac or leverage 0% financing?

Have you asked your bidders if there is a difference in a cash price or not? As others have said there are cash back credit cards in the 2% range, but if you can get 5% off the price by paying cash that would be a better deal. Given that most of these places outsource the financing and pay a decent ...
by djpeteski
Thu Apr 04, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: Universal Orlando Trip In June 2019
Replies: 34
Views: 1803

Re: Universal Orlando Trip In June 2019

With the low gas prices and strong economy the parks are just super busy. You are correct what you are paying is a lot for what you are getting, but it is a supply and demand issue. Living right down the road from the parks, so no lodging costs and Florida discounts, it is still a bunch cheaper to t...
by djpeteski
Tue Apr 02, 2019 1:41 pm
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6813

Re: Your opinion on debt?

If Chick-Fil-A ever calls, I'd borrow money to open one. It costs $10,000 to start a Chick-fil-A. You don't have $10,000 to invest? I would put the cost of starting a Chick-Fil-A at well over 2 million for a stand alone. Probably more like 250K in a mall. I think you need to own a stand alone befor...
by djpeteski
Mon Apr 01, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: What is the Boglehead opinion of the inverted yield curve?
Replies: 63
Views: 5175

Re: What is the Boglehead opinion of the inverted yield curve?

Personal opinion: Don't know and don't care. The media need fresh, fearful headlines every day, not suggestions of live within your means, to save early and often, and expect to adjust spending to assets during retirement. Consider which has more bearing on your life, the media or your own actions....
by djpeteski
Mon Apr 01, 2019 6:47 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6813

Re: Your opinion on debt?

If you believe in the benefits of compounding interest then it is hard to understand those people that find debt acceptable. It is just compounding interest working against you. Sure, you can play the arbitrage game, but is the risk really worth 1% or so? I don't think so. Many people on this site h...
by djpeteski
Fri Mar 29, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: To Escrow, or to NOT Escrow
Replies: 24
Views: 972

Re: To Escrow, or to NOT Escrow

I hate escrow. When I had a mortgage, I did not have escrow. I advise others, who are reasonably good with money, to do the same. Here in Florida you get a discount for paying your property taxes early. Most escrow companies cannot handle that, they only pay it on the due date. So you miss out on th...