Search found 39 matches

by TheAccountant
Sun Jun 24, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: Am I wasting money on my old car?
Replies: 28
Views: 2334

Re: Am I wasting money on my old car?

All prices in New Zealand dollars. ($1 US = NZ$1.45) I have a 1996 Toyota Corolla 118,000 miles. Get it serviced every 6 months as I know bugger all about cars and am prepared to have an expert check it out. It requires $1500 worth of work on it (including service, new cambelt and water pump). I ha...
by TheAccountant
Tue Feb 13, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10205

Re: Job is starting to suck the life out of me.

samsoes wrote: ↑
Tue Feb 13, 2018 8:44 am
Any Megacorp job will eventually drain your soul. To have that happen at 31 is severe.

Leave. Don't burn bridges; keep smiling, but leave.
This.

Just remember, the grass isn't always greener on the other side!
by TheAccountant
Mon Feb 12, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on new home purchase
Replies: 15
Views: 1365

Re: Need advice on new home purchase

You can make an offer on the home you want contingent on your current home selling.
by TheAccountant
Mon Feb 12, 2018 6:01 pm
Forum: Personal Consumer Issues
Topic: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns
Replies: 41
Views: 4789

Re: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns

I've always wondered how they made money with that kind of warranty.

People would abuse it for sure. It wasn't uncommon for people to buy LL Bean gear at garage sales and then go to the store and exchange the goods for new ones. Glad to see they are making the switch.
by TheAccountant
Sun Feb 11, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Savings, Money Market or Short Term Treasuries for Emergency Fund
Replies: 4
Views: 632

Re: Savings, Money Market or Short Term Treasuries for Emergency Fund

For an emergency fund I'd stick with a FDIC-insured money market fund.
by TheAccountant
Tue Feb 06, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 374
Views: 47973

Re: Flaunt Your High-Mileage Car

High mileage cars if taken care of can function good. I once own a 1998 Toyota Camry for 14 years with over 220K. Once they start overheating its time to get rid of it. I sold my Camry on Craigs list in 2012 for 2K I know people who drive vehicles until they hit 100k and then trade them in solely b...
by TheAccountant
Tue Feb 06, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 5304

Re: Leaving HCOL state for financial reasons

I ended up moving from a major city in NY to a rural area upstate for employment purposes. As a whole I am satisfied, and the cost of living adjustment has been welcomed. There are ups and downs to everything though. Depending on the area, the weather might be different (we just got a FOOT of snow l...
by TheAccountant
Tue Feb 06, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5624

Re: Inverse VIX ETN down 80% after hours

You would need a lot of money and the ability to day trade to really profit from these derivative/inverse derivative-based products. Super high expense ratios, all based on the good faith of the issuing company (aka they can one day say whoops, we lost everything.) Not worth it for average/intermedi...
by TheAccountant
Tue Feb 06, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where would you tell a 12 year old to park his money
Replies: 32
Views: 2050

Re: Where would you tell a 12 year old to park his money

A 529 account, assuming he is going to college after high school. If not, a simple money market account will do.
by TheAccountant
Mon Feb 05, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 6367

Re: New car - how much can we afford?

Buy something new for 30k that depreciates the least in your area and then run it into the ground. Do not even think about financing it, either. If the plan is to run the vehicle into the ground, why would depreciation be a consideration? It's still an expense to be incurred. I advocate keeping it ...
by TheAccountant
Mon Feb 05, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 374
Views: 47973

Re: Flaunt Your High-Mileage Car

141,000 miles, bought new on June 4th 2007. Driven year-round in upstate NY. https://www.cobaltss.net/forums/attachments/general-cobalt-68/10282d1493773963-what-have-you-done-your-cobalt-today-photo645.jpg Very nice ! Cute, pretty.............. Do you think you need to probably update the garage (?...
by TheAccountant
Sun Feb 04, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Electric Water Heater - Which one?
Replies: 8
Views: 1019

Re: Electric Water Heater - Which one?

I put a Rheem high performance in my parents' house a few years ago. Thing is a beast and built well.

The old one was a Rheem from 1995 if I remember correctly.
by TheAccountant
Sun Feb 04, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Possible to convert from spec ID cost-basis to average cost?
Replies: 2
Views: 356

Re: Possible to convert from spec ID cost-basis to average cost?

Not sure why you'd want to, but if you click on the fund you want to change, under holding options you can change the cost basis method.
by TheAccountant
Sun Feb 04, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 374
Views: 47973

Re: Flaunt Your High-Mileage Car

141,000 miles, bought new on June 4th 2007. Driven year-round in upstate NY.

Image
by TheAccountant
Sun Feb 04, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best rule of thumb for determining home affordability?
Replies: 54
Views: 2999

Re: Best rule of thumb for determining home affordability?

Do not exceed 25% of your after-tax income. That means gross less taxes owed, but not healthcare/retirement etc.
by TheAccountant
Sun Feb 04, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Is VPN needed on a home desktop PC?
Replies: 18
Views: 1229

Re: Is VPN needed on a home desktop PC?

Not unless you're browsing somewhere you shouldn't be. :wink:
by TheAccountant
Sat Feb 03, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Single Serve 'auto on at chosen time' coffee maker
Replies: 9
Views: 874

Re: Single Serve 'auto on at chosen time' coffee maker

Why not just a regular 12-cup programmable coffee maker, available for less than $50 at Target and Walmart? You avoid the waste and expense of Keurig pods, and you can set it up to brew only 2 cups at a time. 2 "cups" is actually about equivalent to one normal-sized coffee mug. I had one of these i...
by TheAccountant
Sat Feb 03, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435987

Re: U.S. stocks in freefall

Two months until the start of the recession! aka stock discount sale.
by TheAccountant
Sat Feb 03, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Index Funds During Stock Market Decline?
Replies: 20
Views: 2400

Re: Index Funds During Stock Market Decline?

Next people are going to be posting about investing into inverse ETFs.

You keep investing regardless of what the market is doing.
by TheAccountant
Sat Feb 03, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3537

Re: Am I saving enough?

No. If you are in the 28% bracket your taxable income is $150k +, so gross is more like $175k+. I mistakenly posted the wrong tax bracket. We make a combined $110k a year, with a small amount coming from my wife who works very part time. A general rule is 15% at the bare minimum. Does this include ...
by TheAccountant
Sat Feb 03, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: Is LinkedIn premium worth it?
Replies: 18
Views: 2091

Re: Is LinkedIn premium worth it?

No, huge waste of money.
by TheAccountant
Sat Feb 03, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19289

Re: For BHs who actually like cars - what is your daily driver?

2008 GTI stick Come on , keep the GTI post streak alive... Considering 1 for our 16 year old. Too much car? My son's first car was a new GTI, he's a car fan like me and he did great. No tickets. It's a quick car but it's not fast if you know what I mean. Stock they're slow, but you can get stage ki...
by TheAccountant
Sat Feb 03, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3537

Re: Am I saving enough?

A general rule is 15% at the bare minimum.
by TheAccountant
Sat Feb 03, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 5149

Re: Car Lease -- High Residual Value -- what am I missing?

All, I am debating the whole lease versus buy equation -- many of the threads that have already been posted here on this subject are excellent resources. But I have come across one peculiar situation and wanted your thoughts. One of the cars I am considering for a lease is a 2017 Maserati. The deal...
by TheAccountant
Sat Feb 03, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Single Serve 'auto on at chosen time' coffee maker
Replies: 9
Views: 874

Re: Single Serve 'auto on at chosen time' coffee maker

Keurig's have an auto-on feature.

If you can get yourself out of bed, wait until you get to the office and then drink the coffee that's already made. :sharebeer
by TheAccountant
Sat Feb 03, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: How to receive large payment for a boat, PayPal vs Wire
Replies: 31
Views: 2303

Re: How to receive large payment for a boat, PayPal vs Wire

DO NOT use PayPal/wire for asset sales. This includes cars, boats, etc.

Use an ESCROW account, something like this:

https://www.escrow.com/partners/landing/cargurus
by TheAccountant
Sat Feb 03, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 6367

Re: New car - how much can we afford?

Buy something new for 30k that depreciates the least in your area and then run it into the ground. Do not even think about financing it, either.
by TheAccountant
Sat Feb 03, 2018 4:04 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19289

Re: For BHs who actually like cars - what is your daily driver?

2007 Cobalt SS Supercharged 5-speed manual with GM Stage II performance package.
by TheAccountant
Sat Feb 03, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 50
Views: 4926

Re: Can I afford this house?

If you can survive on one income then I'd go for it.

Don't play around with re-investing proceeds and this and that, use those funds to keep your mortgage as low as possible.

I also don't believe that you need to spend 2M to get into a nice neighborhood.
by TheAccountant
Sat Feb 03, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3944

Re: Do you live on a budget?

I do. I use a simple spreadsheet that has a calendar on it with my checking account balance on the bottom of each day. Budget on the left, transactions plotted on the calendar throughout the month. All automated. It really helps when deciding how to invest/save. I keep a one month float in checking,...
by TheAccountant
Sat Feb 03, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 4701

Re: Amazon Stock - Can this giant be stopped?

Amazon is more of a convenience thing than anything else. Why drive to the store when you can make a few clicks and have the item delivered? I know plenty of people who subscribe to prime, which has two-day shipping and other benefits. For me, Amazon is more expensive than other places like eBay and...
by TheAccountant
Tue Nov 28, 2017 9:38 pm
Forum: Personal Consumer Issues
Topic: failing at hobbies and leisure
Replies: 47
Views: 5677

Re: failing at hobbies and leisure

What's something you always wanted to do as a kid, but never got the chance to do? For me, that was snowmobiles and ATVs/dirtbikes. I was in the same boat, studied hard in school to become an Accountant, and then worked hard all day at Accounting only to come home and read up about Accounting. I end...
by TheAccountant
Tue Nov 28, 2017 9:35 pm
Forum: Investing - Theory, News & General
Topic: What would trigger the NEXT market meltdown?
Replies: 19
Views: 1820

Re: What would trigger the NEXT market meltdown?

I think a combination of things will lead to the next meltdown. The fed tightening policy, tension overseas with North Korea, people pulling their money out of the market just as easy as they put it in thanks to apps like Robinhood, and oil increasing to the point where people start to realize that ...
by TheAccountant
Wed Nov 15, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Sell stocks in brokerage account to fund IRA?
Replies: 15
Views: 1620

Re: Sell stocks in brokerage account to fund IRA?

Use the brokerage account to get caught up on the 529.

Keep 6 months of expenses in savings, and put the remainder into a roth.

My .02.
by TheAccountant
Tue Nov 14, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 60
Views: 4653

Re: Paying for news?

Bloomberg.
by TheAccountant
Tue Nov 14, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 29399

Re: Why pay cash for a car?

There are several ways to look at this. The problem with buying new is the depreciation expense in the first 3 years of ownership. Many people end up underwater because of this. Also, if you crash the car a week later, your insurance is going to nickel and dime you over the market value of the vehi...
by TheAccountant
Tue Nov 14, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 67
Views: 5365

Re: Michelin or Bridgestone?

I usually go on Tire Rack, sort price by lowest to highest, and then pick the best tire for the best price. My daily driver has Bridgestone Potenza RE760 Sports I bought this year and I love them. Much quieter than the Pirelli PZeros and twice the treadwear rating. Long story short, both Bridgestone...
by TheAccountant
Mon Nov 13, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 29399

Re: Why pay cash for a car?

There are several ways to look at this. The problem with buying new is the depreciation expense in the first 3 years of ownership. Many people end up underwater because of this. Also, if you crash the car a week later, your insurance is going to nickel and dime you over the market value of the vehic...