Search found 469 matches

by RobLyons
Sun Nov 03, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Beating the market using the benchmark that works for you
Replies: 8
Views: 700

Re: Beating the market using the benchmark that works for you

Not much new here. And no need to struggle to beat the market. Just mirror it while eliminating fees which beats most!
by RobLyons
Sun Nov 03, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: 25yo financial check-in
Replies: 13
Views: 1275

Re: 25yo financial check-in

You're doing better than probably 99.999% of 25 year olds in the world. As I read I was wondering if this was a humble brag since you are doing so well, but either way, here's my advice.. I agree you do not need to be in a hurry to pay off those loans, 3% is moderately low and the balance is pretty ...
by RobLyons
Wed Oct 30, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Time for a new car - Corolla or Civic...
Replies: 101
Views: 9753

Re: Time for a new car - Corolla or Civic...

What about the Prius Prime? Online I see new ones are about 24.5k and they qualify for the 4.5k federal tax credit...maybe even state/local/utility as well. Great car for 20k. Where have you found Prius Primes that cheap? MSRP is $27,350 and cheapest within 1,000 miles from me is $26.5k according t...
by RobLyons
Mon Oct 28, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Popeyes Chicken Sandwich [is it a good value]
Replies: 40
Views: 2411

Re: Popeyes Chicken Sandwich [is it a good value]

No plans. I never get caught up in hype either.
by RobLyons
Mon Oct 28, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4495

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Does he even want help?
If it were my family member, I would recommend he address the mental health issues first, then AA, then decide how to best move forward with his financial issues.
by RobLyons
Mon Oct 28, 2019 7:38 pm
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 54
Views: 8045

Re: How much to hold in cash?

$10 - $15k at bank down the street (immediate withdrawal during business hours, or ATM after hours)
$10k credit union that pays 3% interest (couple days to withdraw without penalty)

In my wallet:
$157k credit card limits
$1 cash
by RobLyons
Sun Oct 27, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Adventures in iPhoning [should I upgrade now?]
Replies: 14
Views: 1005

Re: Adventures in iPhoning [should I upgrade now?]

I feel many here are very well off and live (or advocate to live) way too far below their means. Assuming you're like most here and in a good financial situation, maxing all retirement accounts, 6-12 month emergency fund, etc. with your iPhone being 4 years old now, it's not outrageous to upgrade. I...
by RobLyons
Wed Oct 23, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: How many estimates do you get when you need work done on your house?
Replies: 43
Views: 2677

Re: How many estimates do you get when you need work done on your house?

Usually 3 and if the prices are too high I phone a friend for assistance. Recently I obtained 5 due to it being a larger project, and lucky I did because the last company was the winner based on price + expertise.
by RobLyons
Mon Oct 21, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying advice: Build new or buy used?
Replies: 76
Views: 5457

Re: Home buying advice: Build new or buy used?

From personal experience, and observations of friends/family, new home construction comes with a lot of unexpected headaches. Not saying older homes are headache free but there tends to be higher expectation of worry free years with new construction. And I've been very surprised with the problems th...
by RobLyons
Sun Oct 20, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3732

Re: selling house, should we put in sod to replace ugly lawn?

Daughter is selling house in the next 6-12 months. They know and "trust" a realtor, who will likely manage the sale. The lawn is "tidy", with clean edges and mowed, but it is in bad condition: 10+ weeds, dead areas, broccoli head texture, etc. It actually looks OK from a short distance, and doesn't...
by RobLyons
Sun Oct 20, 2019 6:17 am
Forum: Investing - Theory, News & General
Topic: $2,467 is a minimum emergency fund
Replies: 36
Views: 7722

Re: $2,467 is a minimum emergency fund

I not only have no emergency fund but I aggressively limit the amount of cash I have available. I can always use a credit card or withdraw cash from the MM fund in my taxable account with a debit card. 1) People can kid themselves if they think that can "always" use a credit card or a home equity l...
by RobLyons
Sat Oct 19, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Home and car damage from storm
Replies: 16
Views: 1291

Re: Home and car damage from storm

...if their estimate is excessively high, I will just go rent a chainsaw and do it all myself... Do this only if you are sure that you know how to use a chainsaw. They are VERY dangerous. While I agree, and most likely will avoid doing it myself, I do not believe there are that many chainsaw accide...
by RobLyons
Sat Oct 19, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Home and car damage from storm
Replies: 16
Views: 1291

Re: Home and car damage from storm

Auto damage estimate from adjustor is $5,000, which is almost guaranteed to increase when auto body shop digs in..
by RobLyons
Sat Oct 19, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Home and car damage from storm
Replies: 16
Views: 1291

Re: Home and car damage from storm

Before the insurance adjuster comes out, identify the contractor/company who will be doing the repairs and have them be there when the adjuster is. The insurance company will likely low-ball you but it is the job of the contractors to point out additional damages and the true cost of repairs to the...
by RobLyons
Sat Oct 19, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Home and car damage from storm
Replies: 16
Views: 1291

Re: Home and car damage from storm

I just did some homework on this same subject. Essentially, with my homeowner's insurance, they pay only if a fallen tree (your tree or the neighbor's) damages the house or the cars, or blocks the driveway. And the limit is $1,000 per incident. Yikes. One family near me had their neighbor's huge tr...
by RobLyons
Fri Oct 18, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6598

Re: Legacy/Inheritance

I'm seeking thoughts on how to handle my children's inheritance. Through mostly un-deserved and random good fortune, I am in the position of leaving my 3 children(ages 26,24,20) around $16 million each. I'm struggling with the following: 1. When to reveal? 2. When and how much to give them? 3. When...
by RobLyons
Fri Oct 18, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Home and car damage from storm
Replies: 16
Views: 1291

Re: Home and car damage from storm

Before the insurance adjuster comes out, identify the contractor/company who will be doing the repairs and have them be there when the adjuster is. The insurance company will likely low-ball you but it is the job of the contractors to point out additional damages and the true cost of repairs to the...
by RobLyons
Thu Oct 17, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Home and car damage from storm
Replies: 16
Views: 1291

Home and car damage from storm

We had a bad storm here last night and numerous large branches from the neighbor's tree landed on my roof, in my back and front yard. This caused damage to the wife's vehicle and damaged my house. It looks like a small war zone. Luckily no one was injured. - The house has damage to the roof, gutter,...
by RobLyons
Thu Oct 17, 2019 8:22 pm
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 9924

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

I have gone from android to iPhone, back to android, and quickly back to iPhone. iPhone just works. No lagging, bugs, slowing. A 3 year old iPhone works as buttery smooth as a brand new iPhone. No bloatware. I like the interface better. And simplicity. I had issues sending slightly larger quality pi...
by RobLyons
Wed Oct 16, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

we still end up with 600-800 more sq feet which should bump the value of our house As someone who built an "in-law" suite in my basement for an elderly in-law currently occupying it, I wouldn't count on it bumping the value of the house significantly for a few reasons. First, while a bathroom adds ...
by RobLyons
Tue Oct 15, 2019 6:53 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

Forever houses are very rarely forever. If you do the work make sure you keep your receipts and related documentation, work like this increases the cost basis of your house which minimizes capital gains in the case of appreciation > 500K. Seems crazy but our house will appreciate 500K in less than ...
by RobLyons
Tue Oct 15, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

In our area, it is considered bad form to list basement square footage on the general front page MLS listing. As such, it doesn't add much to the value of the home. I would only do this reno if you are prepared to permanently lose the cost of the reno. That said, nothing wrong with doing it if you ...
by RobLyons
Tue Oct 15, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

I wouldn't put Dad in the basement. Maybe he can handle stairs ok today, but what about tomorrow? Is there a room on the main floor he could have, and shuffle that person to the basement? Good point. The basement does walk out to the backyard (large paved patio leading to driveway, but otherwise wo...
by RobLyons
Tue Oct 15, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

In our area it's actually not legal, finished basement does not add to the square footage of the house. There is a separate field that tracks unfinished / finished basement square footage but finished basement is treated as a lower class of square footage. Finished basement can increase the value o...
by RobLyons
Tue Oct 15, 2019 6:08 am
Forum: Personal Investments
Topic: Money Market Decision
Replies: 32
Views: 3041

Re: Money Market Decision

Consumers Credit Union is 3% up to $10k. I know this isn't a drop in the bucket for most here but we live frugally, splitting our EF between Consumers and local bank :dollar
by RobLyons
Fri Oct 11, 2019 6:17 am
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 82
Views: 9316

Re: For those of us that can't max contribute

What would be the order of importance? Mid 30s couple with 2 kids. House 50% paid off. Options below Assuming spending is at bare minimum, would the thought process be to stop all investments and hyper focus on the debt payoff since this is guaranteed 5.5% return? Or hedge my bet, continue with 403...
by RobLyons
Thu Oct 10, 2019 10:23 am
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 82
Views: 9316

Re: For those of us that can't max contribute

I think you are definitely on the right track in focusing on the 5.5% interest debt first as that is a guaranteed significant return on investment. I would then say it depends on how long it would take you to pay that down, months/years to determine if you should just focus on that or split between...
by RobLyons
Tue Oct 08, 2019 12:43 pm
Forum: Personal Consumer Issues
Topic: Should I sell or keep my 5 year old depreciated Tesla
Replies: 89
Views: 7700

Re: Should I sell or keep my 5 year old depreciated Tesla

It's more of a personal question. Do you want to change vehicles now? If yes, then do it. The Accord just underwent a redesign in 2017-18 I believe. You could trade in the Tesla straight up and probably get some cash back. Depreciate is low so I definitely do not consider this move to be "throwing a...
by RobLyons
Mon Oct 07, 2019 4:13 pm
Forum: Personal Consumer Issues
Topic: 2010 Prius totaled.... Now what?
Replies: 40
Views: 3659

Re: 2010 Prius totaled.... Now what?

The process should go something like: Get a free rental through their insurance company Wait for estimate(s) Most insurance companies have their own people for estimates If you disagree, I believe you can contest the amount If its totaled, wait some time and a check will be cut Finally take that che...
by RobLyons
Mon Oct 07, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6293

Re: Tactics to pay off Mortgage Early??

$221k @ 3.50% 30-year fixed here (23 years remaining)

Just started making $150 / month additional principal payments. Plan to increase once other debts are settled. I want to refi to a 15 but with closing costs and such, it doesn't make a lot of financial sense unless rates drop much more. Good luck!
by RobLyons
Sun Oct 06, 2019 5:13 am
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

...Yes, they're on medicaid. I need to look into any services as well as office of the aging! Plus an elder care lawyer before you give them anything. If not done carefully Medicade might consider your help as income to them and rule them ineligible to continue on Medicaid. x2 An attorney can guide...
by RobLyons
Sun Oct 06, 2019 5:08 am
Forum: Personal Investments
Topic: Reality check
Replies: 21
Views: 2870

Re: Reality check

Thanks for taking the time to respond. At this point I see 3 responses to my post. All of these basically say to use low cost index funds. A couple refer to the risks of investing heavily in small cap stocks and possible downturns. And of course, the question of why anyone would spend money on an a...
by RobLyons
Fri Sep 27, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 2650

Re: Asset Allocation Approaching Age 40s

BogleMelon wrote:
Thu Sep 26, 2019 9:54 pm
I am 40 as well. My AA is not linked to my age, it is linked to how closer I am to my financial goal in terms of money, not years.


-Same here.
Age 38 and I'm far off from my financial goals, holding about 15% in bonds.
by RobLyons
Fri Sep 27, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 9489

Re: Physical activity suggestions for a non athletic youth

11 is not too early for weightlifting. I started about 11/12 and continue to this day at age 38. I follow the latest science based training and medical advice and it doesn't stunt growth or cause other issues and the most important aspect is proper form and not going too heavy.

Good luck!
by RobLyons
Tue Sep 24, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: HELOC or reverse mortgage?
Replies: 22
Views: 1282

Re: HELOC or reverse mortgage?

I would avoid both and instead focus on building an emergency fund. If you're dead set on one or the other I would do a HELOC if it were for home improvement(s). Otherwise I would not make a large purchase cannot be easily afforded or finance at a low rate. From what I have observed, it becomes very...
by RobLyons
Tue Sep 24, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: Best website to see what deals people have been getting on new car purchases.
Replies: 15
Views: 1795

Re: Best website to see what deals people have been getting on new car purchases.

Since rebates and trim availability differ by region, most bragging is worse than useless. Know invoice, use sites like Edmunds and KBB. As for the auto brag site, there were users on the forum that would shop dealerships nationally, confirming details over the phone, and fly to the location to pur...
by RobLyons
Tue Sep 24, 2019 6:04 am
Forum: Personal Consumer Issues
Topic: Apple iPhone iOS 13 Discussion
Replies: 77
Views: 8599

Re: Apple iPhone iOS 13 Discussion

To answer your question the only big improvement I've seen so far is dark mode.
And on the downside yes it's more buggy than most other upgrades; I've had email issues, sound issues, but nothing too major that makes me think about leaving
by RobLyons
Tue Sep 24, 2019 6:01 am
Forum: Personal Consumer Issues
Topic: Best website to see what deals people have been getting on new car purchases.
Replies: 15
Views: 1795

Re: Best website to see what deals people have been getting on new car purchases.

I'd like to know as well. I used to frequent Auto Brag, it was exactly that - users from all over the country posted exact numbers, discounts, best deals, etc but it no longer exists RIP :(
by RobLyons
Sun Sep 22, 2019 7:07 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 11475

Re: Anyonw driving Uber for fun and pocket money in retirement?

Last night, I came back from my two week vacation travel in Europe. The flight was delayed and I came back to my local airport at 1:30AM (this morning). My wife booked an Uber car and we were home in about 5 minutes. The driver was a senior person probably between 60 and 70 with a Google map on his...
by RobLyons
Wed Sep 18, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5164

Re: $2k repairs on $12K car

My wife drives a 2013 Japanese-brand SUV with 69,000 miles on it. She likes the car and never complains about it. She has been to two different shops that have told it needs a number of repairs/maintenance items completed. She has a bid from a reputable shop for $2K in repairs (details below). The ...
by RobLyons
Mon Sep 16, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: New iPhone on sale for $599.99
Replies: 52
Views: 4114

Re: New iPhone on sale for $599.99

People can get a pretty long life out of an iPhone, I know a couple of people who still use iPhone 6's (which were released 5 years ago). Some people don't have a traditional computer, but rather use their iPhone and/or iPad for all of their computing needs. hahahahahaha..... My "new" phone is an i...
by RobLyons
Mon Sep 16, 2019 5:14 pm
Forum: Personal Consumer Issues
Topic: New iPhone on sale for $599.99
Replies: 52
Views: 4114

Re: New iPhone on sale for $599.99

I just find it amusing on a site where most users are worth >$1M, probably about 99% are in the top 1% net worth in the world, that a $600 phone purchase would cause any debate/discussion at all.. It's less than a drop in the bucket.. And can be re sold for 50% value in a couple years.. Meanwhile I...
by RobLyons
Mon Sep 16, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: New iPhone on sale for $599.99
Replies: 52
Views: 4114

Re: New iPhone on sale for $599.99

I just find it amusing on a site where most users are worth >$1M, probably about 99% are in the top 1% net worth in the world, that a $600 phone purchase would cause any debate/discussion at all.. It's less than a drop in the bucket.. And can be re sold for 50% value in a couple years.. Meanwhile I ...
by RobLyons
Fri Sep 13, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

Wait and save cash and only do it if there is an actual need. You have quite a high debt load already with consumer debt and the mortgage and I would not borrow and additional $40k on a potential need sometime in the future. Saving up and paying cash will also make you really think about that spend...
by RobLyons
Fri Sep 13, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

I suppose it is location specific, but I'd be *really* skeptical of a contractor in today's world who isn’t already booked months into the future with actual paying customers… Willingness to finance seems like a major red flag. Very true that most contractors up here are booked, but quotes come pre...
by RobLyons
Fri Sep 13, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Re: Home upgrade question

What else really needs to be done for $40,000? Sounds like the basement is now dry and will soon be heated once you upgrade to natural gas. Half bath is already there. If push comes to shove, you have a place for your dad simply by putting a bed down there. It may not be private but in a pinch coul...
by RobLyons
Fri Sep 13, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1874

Home upgrade question

My gut tells me this isn't possible right now, but my hopes is that it can happen without being too financially irresponsible. Briefly, we purchased our home in 2012 forever home and have always planned to finish the basement. Below I've listed our specific financial situation. Since 2012 I've taken...
by RobLyons
Fri Sep 13, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Why the stock market may continue to go up
Replies: 10
Views: 2394

Re: Why the stock market may continue to go up

https://jlcollinsnh.com/2012/04/19/stocks-part-ii-the-market-always-goes-up/ If you were to look at a stock market chart it looks like we are now at the top of a high mountain. But in 30 years 2019 will look like its down in the valley. Everyone that stayed in the market will look down at 2019 and ...
by RobLyons
Wed Sep 11, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Car insurance - How much is accident forgiveness worth?
Replies: 11
Views: 2301

Re: Car insurance - How much is accident forgiveness worth?

For us, 2 long term, accident free drivers, it is not worth it. I've found much better rates shopping around and for my purposes, accident forgiveness is just a gimmick. That is, until the kids get older and jump on the policy..
by RobLyons
Tue Sep 10, 2019 12:36 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7239

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

This brings up a good point however I'm not giving up crystal clear service 24/7 for 2-3 decades of dropped or wonky calls just to save a few grand. But overall point is understood.