Search found 105 matches

by Sockpuppet
Thu May 10, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2144

Re: Picking up New Subaru-Worth buying extended warranty?

Geico offers vehicle breakdown insurance that is very affordable and you can cancel at anytime. $200 deductible and it covers practically everything (other than wear and tear) to 100k miles. Best part is your not paying up front for a warranty on a car that might you might get rid of before you can ...
by Sockpuppet
Sun Apr 29, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3064
Views: 945646

Re: What Book Are You Currently Reading? Part VI

The Vanishing American Adult by Ben Sasse. Sasse describes an incident where a number of honor students at the college where he was president were tasked with decorating a 20-foot Christmas tree. When they finished it turned out they had had only decorated the first 8-feet of the tree and left the ...
by Sockpuppet
Fri Apr 20, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 7863

Re: Do you buy new or used cars?

I bought a new car because the model I wanted was selling for more used than new. Not sure how this is possible, bur it happened. New car dealers keep used cars with low miles. I'll call them "seed" cars. They keep the price close to new and possibly with incentives more than new. Why do they do th...
by Sockpuppet
Fri Apr 20, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 7863

Re: Do you buy new or used cars?

I bought a new car because the model I wanted was selling for more used than new.

Not sure how this is possible, but it happened.
by Sockpuppet
Tue Mar 27, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: Invests money, 3 days later the market tanks.
Replies: 58
Views: 7452

Re: Invests money, 3 days later the market tanks.

Why does the market always rise right before its time for my 401K to make some investments :(
by Sockpuppet
Sat Mar 24, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 261
Views: 33184

Re: MoviePass-Too good to be true, but it's legit.

Knowing what kind of films you’ll leave the house for to see in theaters would be data highly desirable by movie studios. I have seen this written a number of times by a number of authors. I hope these questions are taken as genuine: Are you connected in any way with the movie industry? How would t...
by Sockpuppet
Sat Mar 24, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 261
Views: 33184

Re: MoviePass-Too good to be true, but it's legit.

What good quality data do they expect to harvest when the game is different for MoviePass users vs. the general public? We’ve seen multiple films that we would never have paid $15 a shot to see since we’ve had MP Knowing what kind of films you’ll leave the house for to see in theaters would be data...
by Sockpuppet
Sat Mar 24, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3247

Re: Talk some sense/cents into me- new car purchase

Dottie57 wrote:
Fri Mar 23, 2018 6:02 pm
How about storage on top of car roof?
People frown upon putting dogs up there.


:D
by Sockpuppet
Tue Mar 20, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4530

Re: Cost of College vs Starting Income

Why are y’all paying for someone else’s education? Military service, loans, working part or full time are still viable options to finance one’s education. Also, it’s a great way to accelerate the maturity curve. Colleges typically have a expected “family contribution” amount so you’re kind of screw...
by Sockpuppet
Tue Mar 20, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4530

Re: Cost of College vs Starting Income

Why are y’all paying for someone else’s education? Military service, loans, working part or full time are still viable options to finance one’s education. Also, it’s a great way to accelerate the maturity curve. Colleges typically have an expected “family contribution” amount so you’re kind of scre...
by Sockpuppet
Tue Mar 20, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4530

Re: Cost of College vs Starting Income

Certainly there is a balance between viewing education as strictly an investment and valuing education for education's sake. This doesn't have to be a choice between 200K in debt from a liberal arts college and earning a cheap degree from Cheyenne University of Pennsylvania (no longer under threat o...
by Sockpuppet
Tue Mar 20, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4530

Re: Cost of College vs Starting Income

The kids will have chance to be surrounded by a lot of smart people. Shikoku, Why is that useful for your kid? A) If your kid is not at least above average aka top 33% of those places, they will feel like a dummy for all 4 years of their college life. How would you feel to be a failure and below av...
by Sockpuppet
Tue Mar 20, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4530

Re: Cost of College vs Starting Income

Many elite institutions have massive endowments that provide most of their students with scholarships and grants that can make a 50K a year university cheaper than a school with seemingly more affordable tuition. Public Universities also offer very affordable rates in many states. Going 200K into de...
by Sockpuppet
Mon Mar 19, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Do you Continue to invest even in down market??
Replies: 54
Views: 6582

Re: Do you Continue to invest even in down market??

Downturns are historically great times to buy. As long as you are diversified and have a long time horizon you will be fine.

You should adjust your allocations for your risk tolerance and time horizon but shouldn’t adjust because of market activity.
by Sockpuppet
Fri Mar 16, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Anyone exclude emerging markets?
Replies: 50
Views: 4886

Re: Anyone exclude emerging markets?

My 401ks emerging market fund has high fees so I avoid it there. I've thought about compensating by specifically buying EM in my roth but to date I haven't.
by Sockpuppet
Thu Mar 15, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13286

Re: Need advice re: Liberal Arts Colleges...

The OP isn’t looking at top tier schools. Yes, and I pointed out that even many non top-tier LACs often have much higher graduation rates. Whitman College (which was mentioned) has a graduation rate of 87%. Virgina Tech, which is basically open admissions (accepts 78% of applicants), has a graduati...
by Sockpuppet
Wed Mar 14, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: Do you think it’s possible to get a job in a big city if I get an MBA from a mediocre school?
Replies: 30
Views: 2464

Re: Do you think it’s possible to get a job in a big city if I get an MBA from a mediocre school?

Some financial firms brag about how they only hire folks with degrees from Harvard, Yale, and Princeton and avoid hiring folks from the lesser Ivys like Cornell and Brown.

https://www.chronicle.com/blogs/percola ... tier/27565

Other firms aren’t run by megalomaniacs.
by Sockpuppet
Wed Mar 14, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13286

Re: Need advice re: Liberal Arts Colleges...

It's your average student who I feel is not served well at cc. Average people don't always read all the fine print and end up taking couses that will not transfer. Average people need a little more hand holding and ccs aren't the best place for that. You are advocating that more "average people" sh...
by Sockpuppet
Wed Mar 14, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13286

Re: Need advice re: Liberal Arts Colleges...

5. I would not encourage her to go to community college. I think getting a young person surrounded by as many smart people as possible is good at pushing them forward. Community Colleges offer a great service but often the people there have more important priorities and you don’t want that rubbing ...
by Sockpuppet
Wed Mar 14, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13286

Re: Need advice re: Liberal Arts Colleges...

5. I would not encourage her to go to community college. I think getting a young person surrounded by as many smart people as possible is good at pushing them forward. Community Colleges offer a great service but often the people there have more important priorities and you don’t want that rubbing ...
by Sockpuppet
Wed Mar 14, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13286

Re: Need advice re: Liberal Arts Colleges...

Few thoughts: 1. Deciding what to do after high school is one of the first adult decisions you make. Of the people I know, parents who have forced their kids into a specific college or major...it ended very badly. 2.Unless, your going to pay for her to travel the world non-stop for a year don’t enc...
by Sockpuppet
Wed Mar 14, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13286

Re: Need advice re: Liberal Arts Colleges...

Few thoughts: 1. Deciding what to do after high school is one of the first adult decisions you make. Of the people I know, parents who have forced their kids into a specific college or major...it ended very badly. 2.Unless, your going to pay for her to travel the world non-stop for a year don’t enco...
by Sockpuppet
Tue Mar 13, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Redfin implicit hidden costs.
Replies: 23
Views: 3406

Re: Redfin implicit hidden costs.

So I know your mileage might vary, but we had such a horrible experience with Redfin that I would never recommend them. Part of the problem was that our agent was inexperienced and made a number of mistakes (making us lose out on offers for three homes), but also I noted that other real estate agent...
by Sockpuppet
Sat Mar 10, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4981

Re: Consumer Reports Auto Issue Out now

I understand why people buy Fiats...they are cheap. But what about Jeeps and Land Rovers? Why do people buy these stinkers? So I own a Jeep Renegade which is made in Italy by Fiat...so I should be getting the worst of both worlds. I purchased a Renegade - even knowing there would likely be reliabil...
by Sockpuppet
Fri Mar 09, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: MD-Phd (Harvard) vs MSTP (School X)
Replies: 44
Views: 3889

Re: MD-Phd (Harvard) vs MSTP (School X)

Full ride at Yale or Hopkins vs paying out of pocket at Harvard seems like a no brainer.

It's not like this is a choice between a full ride at Chico State and paying out of pocket at Harvard.
by Sockpuppet
Sat Mar 03, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: online savings
Replies: 20
Views: 1431

Re: online savings

I have a relationship with three internet banks. Here is how I'd rank order them: 1. Ally - best overall 2. Barclays - best interest rate of the three 3. Discover Bank - a solid overall choice (however, lower interest rate relegates them to third) Discover has the same savings rate as Barclays (1.5...
by Sockpuppet
Sat Mar 03, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 82
Views: 8410

Re: Thinking of getting an Apple Watch

This isn’t the boglehead way.

Get a $10 Timex watch or even better learn to tell time from the sun.

:o
by Sockpuppet
Fri Mar 02, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 19626

Re: What was your % pay raise?

2% cost of living increase that everyone got. Not announced. I only know about it because I noticed my check was larger and asked about it. Quite pleased as only 6 months earlier I got a 60% increase in my commission compensation.
by Sockpuppet
Sun Feb 25, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

Thanks for the tips of looking for a fee based financial planner. I had thought they would cost more than I wanted to pay, but apparently I had not looked hard enough. Cost more? This guy only charges $96 a year (Plan Vision, Mark Zorill)! http://workshop.planvisionmn.com/96-plan/ If you want to le...
by Sockpuppet
Sat Feb 24, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

Good news!

Talked to the wife and she was open to a fee only financial advisor, but wanted someone we could meet in person and would ideally cost $200 or less.

If any of you have recommendations for fee only advisors in the Northern Virginia area please private message me!
by Sockpuppet
Sat Feb 24, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

Her big objection to a conservative portfolio of bonds or even the FDIC option in her 401K is if we put too much into the 401K and an emergency happens we’ll go bankrupt. “Once you put money into the 401K it’s gone.” I haven't read everything. However, I am also financially conservative, almost as ...
by Sockpuppet
Sat Feb 24, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

Would your wife be willing to buy I bonds. Would she go for that? How about very short term bonds? Is her 401k at a place like Fidelity where she can use a brokerage and buy individual U.S. bonds? Just looking for something safer for her. Unless the 401k specifically has a brokerage option, it may ...
by Sockpuppet
Sat Feb 24, 2018 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

Thanks for the tips of looking for a fee based financial planner. I had thought they would cost more than I wanted to pay, but apparently I had not looked hard enough.

We have talked about Ibonds. We were planning to get $10,000 if we got the savings to 50K when they announce the new rates in May.
by Sockpuppet
Fri Feb 23, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

And if she becomes convinced Learnvest is the way to go and you want to bail you will have jumped from the frying pan into the fire. A brief perusal of their web page did not suggest any good reason to get involved with them and you could get entangled in things difficult to change later. I have no...
by Sockpuppet
Fri Feb 23, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

One thing I've learned here on the forum is that every time someone uses a Financial Advisor or Robo Advisor or Something Like Learnvest, they should plan on how they will extract themselves from the relationship without tax costs and without fees and without hassles. They should have the plan in p...
by Sockpuppet
Fri Feb 23, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2523

Should I Pay Learnvest for Financial Advice to Convince Wife?

Hello, As I've noted in previous posts, I'm recently married and have a wife who sees the whole boglehead approach as something akin to the Wolf of Wall Street and really wants us to focus building up our savings account (Currently at 40K or about 6 months of expenses). When we married I discovered ...
by Sockpuppet
Fri Feb 23, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Caribbean Cruise 1st timer Cash or Card?
Replies: 32
Views: 1945

Re: Caribbean Cruise 1st timer Cash or Card?

I usually take $300 of "just in case" cash and charge the rest. Most gratuities for the crew are charged per day per person onto your account, so you should be aware of that. On the last day of every cruise you see a long line of angry folks who didn't realize they would be charged for a "tip." Goo...
by Sockpuppet
Thu Feb 22, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Caribbean Cruise 1st timer Cash or Card?
Replies: 32
Views: 1945

Re: Caribbean Cruise 1st timer Cash or Card?

I usually take $300 of "just in case" cash and charge the rest. Most gratuities for the crew are charged per day per person onto your account, so you should be aware of that. On the last day of every cruise you see a long line of angry folks who didn't realize they would be charged for a "tip." Goo...
by Sockpuppet
Thu Feb 22, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Caribbean Cruise 1st timer Cash or Card?
Replies: 32
Views: 1945

Re: Caribbean Cruise 1st timer Cash or Card?

I usually take $300 of "just in case" cash and charge the rest.

Most gratuities for the crew are charged per day per person onto your account, so you should be aware of that. On the last day of every cruise you see a long line of angry folks who didn't realize they would be charged for a "tip."
by Sockpuppet
Wed Feb 21, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: My 2012 Fiat 500 is officially the most dependable car I have ever owned
Replies: 19
Views: 1049

Re: My 2012 Fiat 500 is officially the most dependable car I have ever owned

Were your previous cars Yugos?

I kid. I own a Jeep Renegade which is based on the Fiat 500x platform and made alongside it in Melfi, Italy. I've had 32,000 trouble free miles so far *knock on wood*
by Sockpuppet
Sat Feb 17, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1492

Re: Working for a MegaCorp vs a Small Business

I work for a marketing firm and have reached the point where I'm basically my own day-to-day supervisor. All the executives have their client list and basically operarate as their own small businesses. The partners keep tabs on us but tend not to intervene much unless something goes horribly wrong. ...
by Sockpuppet
Sat Feb 17, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1492

Working for a MegaCorp vs a Small Business

In another thread I’ve seen a number of people bemoaning how soul crushing it is to work for a MegaCorp. Working for a small firm of about 60 people that surprised me. To work for a nationally known company just strikes me as so exciting. Love my firm but sometimes things can get a little loosey goo...
by Sockpuppet
Fri Feb 16, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: How Not to Get Rich - Mark Twain
Replies: 17
Views: 3660

Re: How Not to Get Rich - Mark Twain

Just finished reading "How Not to Get Rich: The Financial Misadventures of Mark Twain" https://www.amazon.com/How-Not-Get-Rich-Misadventures-ebook/dp/B01MXXZZNJ/ref=sr_1_1?ie=UTF8&qid=1518790002&sr=8-1&keywords=how+not+to+get+rich . He was never poor by any means, but it's Interesting that a man wi...
by Sockpuppet
Sun Feb 11, 2018 5:09 am
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 7738

Re: Does it ever make sense to buy a new car?

The used market might surprise you. Drove my last truck for 9 years. Went to buy a replacement and priced 2014/5 Silverados. The used trucks were the same price as a new 2017 with incentives. I shopped Carmax, various dealers, online quotes and private purchase. Cheapest I could find was a 2015 wit...
by Sockpuppet
Sat Feb 10, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Good Hotel in DC
Replies: 46
Views: 3560

Re: Good Hotel in DC

A couple years ago I stayed at the Omni Shoreham Hotel which is just south of the zoo. It’s a very nice hotel in a restored 1930s building. It’s very close to the Woodly Park-Zoo metro stop and an easy walk to DuPont Circle for restaurants and bars. The hotel is off the main road and backs up to a ...
by Sockpuppet
Thu Feb 08, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435186

Re: U.S. stocks in freefall

fantasytensai wrote:
Thu Feb 08, 2018 11:25 am
Anyone else buying today, or trying to avoid catching a falling knife?
I cashed out my 401K and went all in on bitcoin because I can't handle this markets swings.

...

....

....

Alright, I am actually doing nothing.
by Sockpuppet
Sun Feb 04, 2018 3:57 am
Forum: Personal Finance (Not Investing)
Topic: How to find a job in a different state?
Replies: 31
Views: 2184

Re: How to find a job in a different state?

I used my sister's address as my own (didn't live there) to get an initial short term contract position in a city 4 hours away from me. They needed me to start immediately and said the fact I was local (which I wasn't) was a key factor in hiring me. Once I got that position, I quickly got a short t...
by Sockpuppet
Thu Feb 01, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a job in a different state?
Replies: 31
Views: 2184

Re: How to find a job in a different state?

I used my sister's address as my own (didn't live there) to get an initial short term contract position in a city 4 hours away from me. They needed me to start immediately and said the fact I was local (which I wasn't) was a key factor in hiring me. Once I got that position, I quickly got a short te...
by Sockpuppet
Tue Jan 30, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: The Vanderbilts
Replies: 26
Views: 4248

Re: The Vanderbilts

Also, estate taxes.