Search found 705 matches

by steadyeddy
Sat Sep 08, 2018 9:10 pm
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1284

Re: Getting Top Dollar for Selling our Condo

A $250 Nest thermostat will make your condo approximately $25 more appealing to a buyer. A $10k bathroom upgrade will likely fetch $5k extra. The only upgrades with positive ROI are typically fresh paint and landscaping. Or upgrades to an otherwise marginally inhabitable dwelling (ie flipping).
by steadyeddy
Sat Sep 08, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1284

Re: Getting Top Dollar for Selling our Condo

Interview a few realtors and ask them. You usually lose money by making upgrades unless the unit is in bad shape to begin with.
by steadyeddy
Wed Aug 29, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4385

Re: Chipotle question

My wife and I always split a bowl. I scoop my half into a tortilla to make a half-size burrito.
by steadyeddy
Wed Aug 29, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Bone in my food
Replies: 107
Views: 4087

Re: Bone in my food

I’m still trying to figure out how the piece of chicken with the bone passed your usual piece by piece inspection! But seriously, I will tell you I’ve found more than one bone fragment in my chipotle chicken over the years. I just set it aside and keep eating. It’s not exactly fine dining. I appreci...
by steadyeddy
Tue Aug 21, 2018 7:12 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7302

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

You're acting as though you might lose your degree if you ask about it. I would say that if it's possible for them to take your degree away, then you never had it in the first place. Can you imagine having your "degree" stripped away a decade or two from now? It is very rare but a university can re...
by steadyeddy
Tue Aug 21, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7302

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

You're acting as though you might lose your degree if you ask about it. I would say that if it's possible for them to take your degree away, then you never had it in the first place. Can you imagine having your "degree" stripped away a decade or two from now? It is very rare but a university can re...
by steadyeddy
Tue Aug 21, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7302

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

You're acting as though you might lose your degree if you ask about it. I would say that if it's possible for them to take your degree away, then you never had it in the first place. Can you imagine having your "degree" stripped away a decade or two from now?
by steadyeddy
Fri Aug 17, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 2946

Re: Do we really need to save 20 % ?

There is no right and wrong answer here. You and your wife just have different values. My wife is financially conservative, and would agree with your wife. I like to maximize value in every situation, so I think like you. In my personal experience, it’s not worth fighting with your wife to “maximize...
by steadyeddy
Sun Aug 12, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10600

Re: The Bigger Story: Fidelity Expense Ratios

Taylor has a great quote which I wasn’t able to dig up, so I’ll paraphrase: If you can decide between two good options, the differences between them are probably immaterial. I have money at both Vanguard and Fidelity and like them both. I would use either one interchanibly and trust my investment ou...
by steadyeddy
Tue Jul 31, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus at Job - Weird Situation
Replies: 34
Views: 6138

Re: Bonus at Job - Weird Situation

I will assume your mentor has your best interests at heart, and is genuinely trying to help you improve your career trajectory. We often have blind spots, and don't understand how others perceive us. So listen to your mentor. Clearly your company should improve their bonus program to align incentive...
by steadyeddy
Thu Jul 19, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: High Crypto Allocation
Replies: 37
Views: 3159

Re: High Crypto Allocation

That argument doesn’t sway me at all. And you could use it on anything.

“If 5% microcap emerging market is good, why not 20%?”
“If 5% gold is good, why not 20%?”
“If having 5 kids is good, why not 20?” :P
by steadyeddy
Sat May 26, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Professional negotiator
Replies: 21
Views: 2570

Re: Professional negotiator

I think you would have the specialize in one or two products and do a ton of SEO to find clients. The more lucrative option for using negotiation skill would be on the other side; sell the car, building materials, etc.

More lucrative still would be to sell a high margin product like software.
by steadyeddy
Fri May 25, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for new home
Replies: 28
Views: 1799

Re: Mortgage for new home

Sebonic/Cardinal is a good outfit that technically doesn’t charge any origination fee at all. You still have to shop around since rates and fees are two sides of the same coin. A low fee with a bad rate is still bad.
by steadyeddy
Fri May 25, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for new home
Replies: 28
Views: 1799

Re: Mortgage for new home

The aimloan quote is interesting... Looks like you basically pay cash fee up front to lower rate, what a bizarre protocol. Hi frisbeeaddict, This is exactly how all mortgages are priced, no matter who originates the loan. The up front fees are called points in the industry. They also go both ways; ...
by steadyeddy
Fri May 18, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: Registering complaint with American Airlines/American Eagle?
Replies: 25
Views: 1688

Re: Registering complaint with American Airlines/American Eagle?

I was not there so everything I say is secondhand. There did seem to be some confusion as to the gate layout, and my husband was in line to ask about departure well before the 15 minutes. However, there was a line to get to desk and evidently before he actually was able to talk to someone it was pr...
by steadyeddy
Fri May 18, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13496

Re: how do you tip on wine at a restaurant

There’s nothing quite like reading through 100 posts where smart Bogleheads try to rationalize a cultural practice that is in fact irrational.

I tip 20% on the total bill including alcohol, but I can’t explain why.
by steadyeddy
Tue May 08, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to change jobs or should I stay put?
Replies: 70
Views: 7030

Re: Is it time for me to change jobs or should I stay put?

If you’re unsure whether your job is the best one out there for you, take some interviews and compare any offers you receive to your current role. There is no thought experiment that can substitute for actually testing the job market.
by steadyeddy
Sun May 06, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 7137

Re: Resignation letter

I would say it is perfectly legal, but also unethical.
by steadyeddy
Tue Apr 17, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Bargaining with Lenders--whom do I choose?
Replies: 8
Views: 1187

Re: Bargaining with Lenders--whom do I choose?

Mortgage loans are a commodity, so it's easy to shop around. Lenders frequently offer to match and beat competing offers. Play them off one another until you get the best deal. It not unlike a buying a car.
by steadyeddy
Sat Apr 14, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Is a reduction of my home's assessed value a bad thing?
Replies: 21
Views: 1419

Re: Is a reduction of my home's assessed value a bad thing?

Who looks at the assessed value when valuing a home? Nobody but the tax man. Or perhaps people in the Midwest where house prices pretty much follow assessment values. I've never bought a house for more than 2% off of the assessed value. So out here, you would be shooting yourself in the foot if you...
by steadyeddy
Thu Apr 05, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 4418

Re: $30M Umbrella Insurance?

If you did go through multiple companies, the policies would spell out each layer. For instance one policy would go from $1M-$5M, a second from $5-$10, and so on. They stack so there is no confusion of who will pay each layer of excess. I work in commercial insurance where companies purchase excess ...
by steadyeddy
Mon Apr 02, 2018 5:28 am
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 5137

Re: Tired of gas grills rusting out...

Do they still make grills that are made of cast aluminum? I had one at my old house that was still going after 40 years. My "new" one is 11 years old. We never used a cover on either of these, despite our harsh winter weather. The burners and grids may need to be replaced periodically. I solved the...
by steadyeddy
Sat Mar 31, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 5151

Re: When did you know your kids would go to college?

It’s true you cannot literally force a child to attend college, but kids are very malleable! It’s in their nature/nurture. :D :twisted:
by steadyeddy
Fri Mar 30, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 5151

Re: When did you know your kids would go to college?

My infant son will almost certainly go to college and graduate school, as did his parents, grandparents, and great grandparents. Him not earning at least an undergraduate degree would be seen as a personal failing of mine by my family. Now would be a great time to stop caring what your family think...
by steadyeddy
Fri Mar 30, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 5151

Re: When did you know your kids would go to college?

Plenty of people I went to college with, and many college graduates I work with today, are not particularly smart or disciplined. There seems to be a lot of space for “average” college graduates, even for those of us without the IQ to be a Stanford valedictorian. My infant son will almost certainly ...
by steadyeddy
Fri Mar 30, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: New car from dealer may have close to 150 miles - ok?
Replies: 66
Views: 7864

Re: New car from dealer may have close to 150 miles - ok?

markcoop wrote:
Fri Mar 30, 2018 1:01 pm
Thanks for the replies. Not really concerned. Just was not familiar with the process. Of course, my $500 deposit is non-refundable.
Despite what they may have told you, I’m 99% sure this can’t be true. Don’t let it color your decision.
by steadyeddy
Wed Mar 21, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: We made the right decision to not purchase a home now, right?
Replies: 47
Views: 4425

Re: We made the right decision to not purchase a home now, right?

OP, I have a different opinion. From your quote, it seems that the house and location is excellent with high probability to accelerate over time. If your income is stable and likely to increase I would suggest to buy the house - you dont have a kid yet and it will be difficult to get the house at s...
by steadyeddy
Tue Mar 20, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4822

Re: Cost of College vs Starting Income

SeaToTheBay wrote:
Tue Mar 20, 2018 1:32 pm
Image
Speaks for itself.

In-state high-quality public university is where the value is.
So, basically all the major costs associated with having children have skyrocketed.
by steadyeddy
Sat Mar 17, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?
Replies: 62
Views: 5604

Re: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?

Since 95% of the electrical accessory products sold on Amazon seem to be poorly manufactured fire hazards, I look for something UL Certified.
by steadyeddy
Thu Mar 15, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Break-even inflation curve flat at 2.09%
Replies: 32
Views: 2963

Re: Break-even inflation curve flat at 2.09%

It makes me think that low inflation is expected to be the norm for years to come. Between the demographics of the developed world and deflationary technology, there is a good case to be made for persistent low inflation. But I also wouldn’t be particularly surprised to see inflation either. I’m kee...
by steadyeddy
Tue Mar 13, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Anybody use Lemonade Homeowner's Insurance?
Replies: 22
Views: 2330

Re: Anybody use Lemonade Homeowner's Insurance?

Traditional homeowners insurance considers a 40-60% loss ratio “break even,” because they spend 40%+ on loss adjustment, marketing, and other expenses. Lemonade automates most claim handling, so their cost loading is a fraction of their competitors’. That is why they have received huge investments—...
by steadyeddy
Mon Mar 12, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody use Lemonade Homeowner's Insurance?
Replies: 22
Views: 2330

Re: Anybody use Lemonade Homeowner's Insurance?

Traditional homeowners insurance considers a 40-60% loss ratio “break even,” because they spend 40%+ on loss adjustment, marketing, and other expenses. Lemonade automates most claim handling, so their cost loading is a fraction of their competitors’. That is why they have received huge investments—i...
by steadyeddy
Wed Mar 07, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 831
Views: 89944

Re: Hulu, Your Current Favorite Show

Watching The Path right now. Great show!
by steadyeddy
Wed Mar 07, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 6703

Re: Donations to your enrolled public school

Someone mocked me for suggesting one talk to one's representative, but imagine if the government only fixed 70% of the potholes in the road... Mocker again. Lots of places lack the resources to fix potholes -- that's pretty much a national issue. You might have read about infrastructure problems. M...
by steadyeddy
Wed Mar 07, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 11912

Re: Ok fellow bogelheads, was the correction scary or nothing?

My emotional reaction was excitement that the market was finally doing something besides marching steadily upward. It was interesting. I guess I need some more drama in my life!
by steadyeddy
Sun Feb 25, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle: Hourly financial planning
Replies: 44
Views: 5351

Re: Side Hustle: Hourly financial planning

I’ve thought about this, but a part-time gig charging only reasonable hourly rates would barely cover the cost of E&O. I’ve decided it’s better to give away my advice for free to the very few people that solicit it.
by steadyeddy
Sun Feb 25, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6485

Re: # X Gross = Home price?

... You’re saying that newly 60% of tax returns in 2015 showed AGI >$100k? Am I misunderstanding? negative. it means that returns over 100k contributed 60% of total AGI per the IRS. Many thanks. I didn’t see the additional column headers, and thought the columns were aligned with different headers.
by steadyeddy
Sun Feb 25, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6485

Re: # X Gross = Home price?

If you can save properly and buy it, do it. here is some historical tax return data to consider when contemplating nominal housing prices. it is a table of AGI>100,000USD by year. this is particularly relevant if you're buying in a high demand area: socal, sofla, etc. year return count AGI>$100,000...
by steadyeddy
Sun Feb 25, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6485

Re: # X Gross = Home price?

There are too many factors for using a multiple of gross salary as a rule of thumb. A person borrowing at 3% interest rather than 7% interest can afford a higher multiple. A person with a very large down payment can afford a higher multiple. A person that already has 35x expenses saved rather than 1...
by steadyeddy
Fri Feb 16, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 8171

Re: How to get child's skin in the game for college?

Reading the responses, you could almost argue that every kid is different, and there is no perfect approach! :P :P :P
by steadyeddy
Tue Feb 13, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Co-investment with parents and sibling jealosy [Home construction]
Replies: 22
Views: 2539

Re: Co-investment with parents and sibling jealosy

What happens when your parents move out or pass? Do you rent out the unit to strangers? Sell the house? Occupy both units?

What happens if you need to move out? Can you sell your stake in the home to strangers?
by steadyeddy
Sun Feb 11, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 46
Views: 3182

Re: Mesh wifi solution sought for new house

Among the mesh wifi products available today, I don't think you can do better than Netgear's Orbi. They also introduced outdoor satellite hardware, which might help you daisy-chain the network between your structures.
by steadyeddy
Sat Feb 10, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 8238

Re: Day trading for a living/career?

I knew a handful of people that quit their jobs to become full time daytraders in the late 90’s. They claimed to print money, but then the bust bankrupted them. I cannot fathom how you could consistently make a living day trading in a market where high frequency trading outfits are able to exploit e...
by steadyeddy
Wed Feb 07, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Are Banks Worthless [to invest equity in]?
Replies: 32
Views: 3163

Re: Are Banks Worthless?

The argument about all jobs boiling down to a large passive function and a tiny active function not worth the [salary] expense is fascinating to me. Perhaps most of us are just relics of a bygone era when the active function of our jobs was larger than the passive. Eventually, artificial intelligenc...
by steadyeddy
Sun Feb 04, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: S&P 500 Index still seen at 3000+ by year-end?
Replies: 19
Views: 1855

Re: S&P 500 Index still seen at 3000+ by year-end?

I invested the same amount of money in my 401k on both January 5th and February 2nd. I got more shares for my money in January, because the market was lower then than it is now. I can’t believe how much people are freaking out about a teeny tiny drop in the market. The talking heads on NPR made it s...
by steadyeddy
Fri Feb 02, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 105
Views: 11530

Re: What's your cash position

I want to buy a bigger house and a new car in the next five years, so my "emergency fund" is really just a giant heap of cash that is loosely earmarked for several things. If I were in my "forever home" and my car wasn't so old, I wouldn't keep nearly as much cash in my savings account. I don't keep...
by steadyeddy
Sat Jan 27, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 14143

Re: When did the bad news start in 2008?

I've said it before, and I'll say it again. This board was advocating very conservative stock allocations for even young investors during the recession, and we've gotten awfully sloppy and overconfident now that we've had a long bull market. I fear that even those who promised God in their darkest h...
by steadyeddy
Tue Jan 16, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Engineering To Consulting Transition
Replies: 8
Views: 974

Re: Engineering To Consulting Transition

The word consultant is being misunderstood. He will have a regular paycheck as a W2 employee. His paycheck will not vary based on hours billed. There is a risk that the company will fold if there is no demand for their products, but that is universally true.
by steadyeddy
Thu Jan 11, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 101
Views: 9445

Re: Kodakcoin

New 'insane' ETF proposal for bitcoin generates worry on Wall Street Direxion wants to introduce 2X leveraged and inverse Bitcoin ETFs. I am... speechless. When 10% moves in 5 seconds just aren't enough action for you! :shock: Honestly! Why not just have people "invest" in coin flips, dice rolls, o...