Search found 33 matches

by coincollector
Sun Jul 29, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Expenses
Replies: 30
Views: 2382

Re: Assisted Living Expenses

An HSA is a great insurance policy for all health care needs including long term care. Let's say at 30 you begin saving the current max of $3,450 each year until age 45 in an S&P 500 index. 10% is a reasonable rate of return for that type of investment. At 65 you'll have $834k, $1.3M at 70, $2.1m a...
by coincollector
Sat Jul 28, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Expenses
Replies: 30
Views: 2382

Re: Assisted Living Expenses

An HSA is a great insurance policy for all health care needs including long term care. Let's say at 30 you begin saving the current max of $3,450 each year until age 45 in an S&P 500 index. 10% is a reasonable rate of return for that type of investment. At 65 you'll have $834k, $1.3M at 70, $2.1m at...
by coincollector
Sat Jul 28, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 11914

Re: An argument against self-insuring for long-term care

An HSA is a great insurance policy for all health care needs including long term care. Let's say at 30 you begin saving the current max of $3,450 each year until age 45 in an S&P 500 index. 10% is a reasonable rate of return for that type of investment. At 65 you'll have $834k, $1.3M at 70, $2.1m at...
by coincollector
Sun Nov 19, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 22127

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Credit Cards were simply a money making invention of the financial industry that produce profits by encouraging irresponsible consumer habits and pushing asinine fees on them as a side dish. Even though that is true, the heart of the matter is that credit cards are just as antiquated as checks and c...
by coincollector
Sat Nov 18, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 2864

Re: Scottrade to TDA

I'm waiting to see keep or rid of the flexible reinvestment program. I really love that feature about Scottrade. They are getting rid of FRIP, sadly, as per their Facebook page. That is really disappointing. The FRIP program was an awesome invention. Also, I think TD Ameritrade is really hurting th...
by coincollector
Fri Nov 10, 2017 7:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Corporate Bond ETF (VTC)
Replies: 18
Views: 3874

Re: Vanguard Total Corporate Bond ETF (VTC)

I took the concept to be the same as BND but with just corporate bonds. If your looking to own more corporate bonds but don't want to choose a specific time length, just like you wouldn't have too with BND, then should be perfect
by coincollector
Fri Nov 10, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: Firstrade, Comission Free Vanguard & Ishare ETFs
Replies: 4
Views: 1064

Re: Firstrade, Comission Free Vanguard & Ishare ETFs

I believe they charge $50 to close an account. They also are fee nazis. My e-mail bounced back to them and they automatically switched me to paper statements and charged me fee for it. There never was anything wrong with my e-mail other than they had a delivery issue that no one else had. It always...
by coincollector
Thu Nov 09, 2017 6:46 pm
Forum: Personal Investments
Topic: Bank Balance Sheet (M1 Finance Portfolio)
Replies: 23
Views: 2077

Re: Bank Balance Sheet (M1 Finance Portfolio)

I think one thing to note is that a big part of the last recession was linked to MBS investments. We learned an important lesson then, MBS investments are not as safe as once advertised.
by coincollector
Thu Nov 09, 2017 6:43 pm
Forum: Personal Investments
Topic: Where to allocate a $20,000 emergency fund
Replies: 17
Views: 3630

Re: Where to allocate a $20,000 emergency fund

You can always go with a money market mutual fund or a short term Treasury ETF or mutual fund. The odd thing right now is that both these options are yielding no better than an online savings account. Hopefully as rates start to rise we'll see better returns.
by coincollector
Thu Nov 09, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: Firstrade, Comission Free Vanguard & Ishare ETFs
Replies: 4
Views: 1064

Firstrade, Comission Free Vanguard & Ishare ETFs

I know with the upheaval in commission free ETFs at TD Ameritrade many are considering alternatives. I've never been a customer of Firstrade, or even know much about them but they do have a few commission free ETFs from Vanguard: BLV - Vanguard Long Term Bond ETF BIV - Vanguard Intermediate Term Bon...
by coincollector
Sat Sep 09, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 73238

Re: Equifax customer information leak

Another great reason to be debt free for life and never use a credit card. It's the only way to stay out of these companies databases.
by coincollector
Sat Jul 22, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 146
Views: 16358

Re: Is Amazon Prime worth it?

I prefer my free shipping to be, well, free. Not $99 a year. Even if the alternative is waiting a few extra days for the items I ordered, then that is fine by me. The extra savings is what is more important to me. Also, Amazons' prices aren't nearly as competitive as they used to be. I can usually f...
by coincollector
Sat Jul 22, 2017 3:48 pm
Forum: Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 166
Views: 15231

Re: Can anyone convince me I need international stock in my portfolio?

I think investing around the world is important because who knows which country will be the next Greece. With the out of control spending by governments worldwide it could hit anywhere at anytime. Were seeing country debt levels that are 100%, 200%, 300% or more of the local countries GDP. Debt leve...
by coincollector
Thu Jul 13, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Do you pay fees to buy funds or ETFs?
Replies: 46
Views: 4410

Re: Do you pay fees to buy funds or ETFs?

I have in the past for both single stocks and ETFs. The nice thing is there are lots of brokers with free ETF trades, reduced (Ally or Etrade) or free trades (Merrill Edge or Vanguard) for certain activity/balances or even new services such as Robinhood which all trades are free. I've yet to try it ...
by coincollector
Mon Jul 10, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 67
Views: 8379

Re: Dave Ramsey's advice on investing?

I think Dave Ramsey is outstanding for people who are clueless about personal finance and have wasted money their entire life etc like the average American. He tells you things that don't make sense from a pure financial perspective to get people in the right behaviors, patterns and mindset and sta...
by coincollector
Sun Jul 09, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 77
Views: 8517

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

I think investing around the world is important because who knows which country will be the next Greece. With the out of control spending by governments worldwide it could hit anywhere at anytime. Were seeing country debt levels that are 100%, 200%, 300% or more of the local countries GDP. Debt leve...
by coincollector
Thu Jul 06, 2017 7:34 pm
Forum: Personal Consumer Issues
Topic: Is it Safe to Get Your DNA Tested?
Replies: 86
Views: 13141

Re: Is it Safe to Get Your DNA Tested?

The idea of DNA testing has always fascinated me but the security issues have always kept me away as well. It seems nothing is safe anymore these days due to constant data breaches. Although, most of our medical records are in the cloud these days whether we know about it or not. I fear this is one ...
by coincollector
Thu Jul 06, 2017 7:27 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 14486

Re: "Bond wipeout has just begun"???

So is this "really" the end of the multi-year bond rally? And if bonds/bond funds are in for a long period of declining prices, and stocks are pricey, what do you do? Sit it out in a money market fund making nothing (and actually losing money to inflation)? https://www.bloomberg.com/news/articles/2...
by coincollector
Thu Jul 06, 2017 5:13 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

OP, though you posted about the engine, you don't seem to be aware of the issues with transmission failure due to a flawed design in the 2011-2016 Ford Fiesta and Focus. These problems are very well documented (just google Ford Focus transmission problems). Here's a link to a recent class action la...
by coincollector
Wed Jul 05, 2017 6:59 pm
Forum: Personal Investments
Topic: Should I still buy index funds now at such a high price before an impending recession?
Replies: 59
Views: 10039

Re: Should I still buy index funds now at such a high price before an impending recession?

The markets have always had a mind of their own and for years now people have been saying that the market can't go any higher. That the market is historically overpriced. Yet, the market has continued to push on higher and higher despite the dooms day predictions. There is no way to know what tomorr...
by coincollector
Wed Jul 05, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

Glad you got a second opinion... still, cut it out with the extreme oil change intervals. I believe it even states in the manual that its 7.5K OCI My owners manual stat that the normal oil change interval is 6 months or 7,500 miles, so you are correct. I don't know why I've always gone every 4 mont...
by coincollector
Wed Jul 05, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

The thing that gets me is how the first mechanic jumped straight from excessive blow by to engine replacement. I thought the usual repair was new rings and rehoning the cylinder, which while not cheap, is cheaper than a new engine. I've never had major engine trouble so I had no idea what the "norm...
by coincollector
Wed Jul 05, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

Good news, the technician at the dealer believes it is the fuel filter. He said he saw no smoke coming out of the tailpipe nor could he find any signs of the engine burning oil (same thing that I noticed). He also said the oil pressure was fine, no fluctuations and there were zero codes to read when...
by coincollector
Tue Jul 04, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: iShares Global REIT ETF (REET)
Replies: 4
Views: 1798

Re: iShares Global REIT ETF (REET)

The main competitor for REET is RWO from SPDR. It is a much bigger fund but charges a massive 50 basis points versus the 14 basis points for REET. I have the same concern with both of them however, they use a very loose sampling methodology to track their indexes. To me this makes them more of a par...
by coincollector
Mon Jul 03, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

2comma wrote:
certifiedfordtec wrote:As a certified master mechanic by Ford, something doesn't add up. Get a second opinion.
+1 and I'm a certified shade tree mechanic.
Priceless, the best thing about sarcasm on the internet is no one can tell you to go to your room. Your sarcasm is etched on eternities wall for everyone to enjoy.
by coincollector
Mon Jul 03, 2017 10:02 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

Take it to a Ford dealer for the second opinion and if the diagnosis is the same have the service manager open a complaint to Ford headquarters and they may cover most or some of a rebuild, remanufactured, or new engine and install. Your power train warranty just expired it so a goodwill repair is ...
by coincollector
Mon Jul 03, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

How many miles do you go between oil changes? Do you add ANY oil between oil changes? When I first got the car I was changing oil every 4 months/3,600 miles but the miles I'm driving has decreased in the past year or so. I'm now looking at every 4 months/2,400 miles. As far as adding oil, never had...
by coincollector
Mon Jul 03, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

From your description, I would get a second opinion before bothering to do much more research of your options. You didn't notice any major issues and don't seem to believe the mechanic who told you that you did. The only issue I've had, and the reason I took it into get looked at to begin with, is ...
by coincollector
Mon Jul 03, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 236
Views: 50084

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

VMMXX now beats Ally online savings. Now Ally jumped from 1.05% to 1.15% ahead of VMMXX 1.07%. VMMXX had gone from 0.01% to 1.00% in 2 years, while online savings accounts had barely budged, but now it looks like competition is finally picking up between the banks, so we are seeing those rates fina...
by coincollector
Mon Jul 03, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Re: Expensive Car Repair, New Engine

Thank you everyone for your help, I really appreciate it because this is defiantly a hard decision. I only have $10k or so saved up for a new car and I'm old school, if you don't have the cash don't buy it. I've also driven some real clunkers in my life, broken odometer, no airbags, faulty electrica...
by coincollector
Mon Jul 03, 2017 6:29 pm
Forum: Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 2990

Re: Why Isn't a Taxable Account Considered Part of an Emergency Fund?

It's all about risk versus reward and how much risk for said reward you want to take. I think if your living paycheck to paycheck and funneling everything into the markets, that can be a bad idea when you might need cash yesterday and the market has tanked. On the other hand, keeping money in cash i...
by coincollector
Mon Jul 03, 2017 6:18 pm
Forum: Personal Investments
Topic: ETF vs Mutual Fund (for an Index Fund)
Replies: 20
Views: 6480

Re: ETF vs Mutual Fund (for an Index Fund)

The fee on an ETF can also be lower than a Mutual Fund unless you have $10k to sink into an admiral share. Grant it, the difference is minimal but it does exist. For example VOO has a fee of 0.04% and VFINX has a fee of 0.14%. If you invested $3k into each, your fee for VOO would be $1.20 and VFINX ...
by coincollector
Mon Jul 03, 2017 6:12 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5448

Expensive Car Repair, New Engine

I've been having minor issues with my vehicle and so I took it to get looked at. To my surprise I was told that the engine is shot and it needs replaced. I couldn't believe this because I bought the car lightly used and I've taken excellent care of it, following the recommended service guidelines an...