Search found 15 matches

by Spyder59
Mon Nov 04, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Car Total Loss Negotiation questions
Replies: 10
Views: 576

Re: Car Total Loss Negotiation questions

Insurers are notorious for failing to reasonably settle total loss claims. Each state typically has a "total loss" regulation that sets forth specific standards that an insurer must conform to with regard the data and method that is used to derive an offer. The regulations vary significantly by stat...
by Spyder59
Wed Apr 03, 2019 6:30 am
Forum: Personal Consumer Issues
Topic: Boglehead Pilots...advice
Replies: 57
Views: 6174

Re: Boglehead Pilots...advice

My advice after 35 years of flying: 1) Make sure you have adequate life insurance if you have a family. Accidents are rare, but we have all lost friends if you fly long enough. 2). Really learn to fly. With today’s technology and airspace complexity, it is easy to get caught up in these things witho...
by Spyder59
Thu Sep 20, 2018 3:30 am
Forum: Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 13
Views: 3960

Re: Fidelity-Very Negative Experience with Inheritance Services

Thank you all for condolences. I did not have access to a Fidelity office and do not use Fidelity advisory services. I am sure either would have been a big help. My investments are held at Vanguard. The assets at TIAA did not involve individual securities. No doubt an important distinction. For myse...
by Spyder59
Tue Sep 18, 2018 4:34 pm
Forum: Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 13
Views: 3960

Fidelity-Very Negative Experience with Inheritance Services

Just a heads up regarding very poor customer service at Fidelity Inheritor Services. Recently, a family member passed who owned a Fidelity brokerage account with three beneficiares listed, each receiving 1/3 of the account. The account has a mix of a little cash and the balance in Treasuries of diff...
by Spyder59
Tue Jul 17, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: My roof looks like a patchwork quilt/insurance companies (UPDATE!!!)
Replies: 14
Views: 1862

Re: My roof looks like a patchwork quilt/insurance companies (UPDATE!!!)

Here are some suggestions: I would request from the adjuster a copy of the written guidelines that the company is using for determining whether a roof should be replaced (make sure you do this in writing). Also, request a copy of his official adjuster report. Next, ask your roofer ( a building engin...
by Spyder59
Tue May 22, 2018 12:13 pm
Forum: Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5962

Re: How do you stop moving the goal posts.

Following PhilosophyAndrew’s comment. From the Stoic Seneca: Epicurus says, “Rehearse for death,” or, if this conveys the meaning better for us, “it’s a great thing to learn how to die.” Perhaps you think it useless to learn something that must only be used once; but this is the very reason why we o...
by Spyder59
Wed May 16, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 6984

Re: New motorcycle rider

I think “queso” offers good advice. Riding is incredibly fun. But, understand the nature of the risk you are assuming. I myself have been hit by a drunk or distracted driver (who kept driving), broke my back along with a bunch of other bones. That experience, along with years as an EMT, leads me to ...
by Spyder59
Thu Mar 22, 2018 5:40 pm
Forum: Personal Investments
Topic: Best way to short the equity market
Replies: 130
Views: 10044

Re: Best way to short the equity market

Without getting into the merits of shorting, I use two ETFs: HDGE and TAIL. They behave differently and I suggest you study the composition of each one and make an informed decision about their utility and suitability for you. There is a fair amount of material on the WEB, a lot of it is on SeekingA...
by Spyder59
Mon Mar 19, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Least Expensive Way to Comprehensively Learn Law
Replies: 22
Views: 1934

Re: Least Expensive Way to Comprehensively Learn Law

Many states permit aspiring lawyer to “clerk” under a qualified attorney in order to become eligible to sit for the bar examination. Often a four to six year endeavor, during which time you are paid for your time. The supervising attorney and you are responsible for establishing a curriculum of stud...
by Spyder59
Tue Mar 06, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need umbrella insurance?
Replies: 21
Views: 1953

Re: Do I really need umbrella insurance?

A further benefit of an umbrella is that it can extend the limits of your auto policy’s uninsured/underinsured motorist coverage. I am aware of catastrophic auto accidents where the additional coverage afforded by the victim’s own umbrella was essential to getting medical care, especially where a ch...
by Spyder59
Sat Feb 17, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 14110

Re: I'm Cancelling My Home Insurance

Apologies if this has aleady been mentioned: one of the principal reasons for having homeowners is that the insurer will pay for the cost of your legal defense in the event a liability claim is made against you. The cost of defense can be extraordinary. Especially frustrating if the claim has little...
by Spyder59
Fri Jan 12, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Insurace-Any (Meaningful) Difference in Policy Coverages?
Replies: 6
Views: 572

Re: Insurace-Any (Meaningful) Difference in Policy Coverages?

The answer is yes, there can be meaningful differences. Unfortunately it is not practical for a member of the public to identify them. Many companies utilize standard forms prepared by an insurance association called ISO and then may endorse the standard form to further limit coverage. Large compani...
by Spyder59
Sat Oct 07, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: I'm thinking about cashing completely out of equites....
Replies: 75
Views: 10602

Re: I'm thinking about cashing completely out of equites....

A voice from the past supporting a very conservative portfolio is Zvi Bodie, an economist at Boston University. He has a Website at zvibodie.com and has written two personal investing books: Risk Less and Prosper and Worry-Free Investing. Essentially, he asserts that equity investing in much riskier...
by Spyder59
Thu May 25, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 80
Views: 12393

Re: Should I cancel my whole life policy?

You may well want to file a complaint with your state insurance department. Given that this is life insurance, and you do not appear to need this much insurance, if any, you should consider raising the issue of the "suitability" of the sale. Many state insurance codes provide a general suitability s...
by Spyder59
Sat Apr 22, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 80
Views: 12393

Re: Should I cancel my whole life policy?

It appears from the facts you have shared that this sale is unsuitable and should be rescinded with a full return of your premium paid. Remember, the principal purpose of buying life insurance is that you need the life insurance. In your case, especially with the lack of dependents, it would be hard...