Search found 628 matches

by steadyeddy
Sat Oct 07, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 15529

Re: Bogle himself is saying we will expect like 3% for the next decades

I wouldn't mind the market taking a short breather. I'm in it for the long haul, so I'll just keep shoveling money in at better valuations than are available today.
by steadyeddy
Fri Oct 06, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2205

Re: Sell or keep shares of a private company?

It sounds to me like you're more interested in a potential home run than a definite double, and there's nothing wrong with that. Personally, I'd take the double and diversify. You can grow that buyout into something sizable with FAR less risk.
by steadyeddy
Thu Sep 21, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5533

Re: 2018 Subaru Outback

Thanks for the input! I will definitely get Eyesight, as the safety features are one of the reasons I want a Subaru. Unfortunately I will be commuting in it a few days a week and I'm sure I'll miss my more fuel efficient sedan, but after a few years of obsessing about getting an Outback, I think I'...
by steadyeddy
Wed Sep 20, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: 2018 Outback Limited vs. 2017 CR-V EX-L
Replies: 48
Views: 3268

Re: 2018 Outback Limited vs. 2017 CR-V EX-L

Well, looks like neither has them except the Touring model. Price bumped up by almost $100/month. It's like getting to a used Audi Q5 territory. Looks like I will go with a Mazda CX-5 2017 for less since LED headlights are standard. Will miss the Android Auto but not the CVT. Life is full of rude a...
by steadyeddy
Sat Sep 16, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16681

Re: Who has needed to use their umbrella insurance?

Most of the responses assume any large lawsuit will be unjustified or frivolous. Imagine you are responsible for killing a young parent and paralyzing their child in an auto accident, but you wanted to save $200/yr and dropped your umbrella insurance. I wouldn't be able to live with myself.
by steadyeddy
Thu Sep 14, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 6624

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Speaking as a strong bitcoin skeptic , if I were into bitcoin I don't think I would see what's happened recently as a big deal. Anyone who bought bitcoin around the start of 2017 or before, if they sell today, has more than quadrupled their money, so fussing because "I coulda quintupled it!" seems ...
by steadyeddy
Tue Sep 12, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 4695

Re: China to ban petrol cars

China won't do anything brash. The move to efficient vehicles is best accomplished through a slow-moving target like the CAFE standards in the U.S. If China were to pass such a law, they would also need to build batteries in facilities that would dwarf the Tesla Gigafactory. I guess we can all watch...
by steadyeddy
Mon Sep 11, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancee has job offer from Investment Bank- I'm required to transfer brokerage accounts?
Replies: 11
Views: 2027

Re: Fiancee has job offer from Investment Bank- I'm required to transfer brokerage accounts!?

You'll need to work with the compliance department of her future employer to get specific answers to your questions. I can tell you this is a very common requirement among financial services employers to ensure their employees are not trading illegally (e.g. Insider trading, front running clients, e...
by steadyeddy
Wed Sep 06, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 3633

Re: Bought crypto currency

I found this BCG paper helpful for understanding blockchain, some potential applications, and its constraints: https://www.bcg.com/blockchain/thinking-outside-the-blocks.html It does seem to me like blockchain has the potential to disrupt the inefficient financial services industry, but A) the finan...
by steadyeddy
Tue Sep 05, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24266

Re: Name something you had to have and now you regret purchasing it?

A Bose Soundtouch 300 soundbar. I agonized about going with the Bose or the Sonos, and eventually picked the Bose because it was newer with ARC support. Terrible, terrible decision. The phone remote app is awful (can't switch back and forth from Bluetooth to TV input using the app), the "integration...
by steadyeddy
Mon Sep 04, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5533

Re: 2018 Subaru Outback

We just bought a 2018 Outback Limited 2.5 and it's been great for the last three weeks and 400 miles we've had it. We cross-shopped against Forester, CR-V, RAV4, and used RX 350's. The Outback came out on top for us, but it was a virtual toss up with the 2017 CR-V. Let me know if you have any specif...
by steadyeddy
Fri Sep 01, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"
Replies: 30
Views: 4725

Re: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"

You had better believe every Ether trader just put in a standing buy order at $0.10. But it will never happen again.



The next one will be down to $0.11.
by steadyeddy
Fri Sep 01, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 7313

Re: Would you let your teenager spend all his savings on a gaming computer?

I am a big proponent of letting young people have some autonomy and learn from experience. My concern would be allowing too much instant gratification/impulse purchases. A purchase that has been planned for a full year doesn't raise any of those alarms.
by steadyeddy
Wed Aug 30, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: End of month; buying car and need to sell using Craigslist
Replies: 13
Views: 1208

Re: End of month; buying car and need to sell using Craigslist

I just did this (not in NY), so I'll tell you what I found. Obviously YMMV. I bought the new car before selling the old. I didn't want to be without a car. My insurance covered both the old and new vehicles (for the price of just covering the new one) for up to 30 days after the new car was purchase...
by steadyeddy
Mon Aug 14, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: It's easy to have an investment plan until you get punched in the face
Replies: 53
Views: 6911

Re: It's easy to have an investment plan until you get punched in the face

It's easier to deal with getting punched in the face when you have an investment plan.
by steadyeddy
Sat Aug 12, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 17
Views: 1956

Re: Redfin

I agree with much of the above. They set out to disrupt the market, but very quickly raised fees and became an also-ran. Love the website, but don't know that I would use them as a buyer or seller. And the market certainly needs to be disrupted. I can easily get all the information I need to price m...
by steadyeddy
Wed Aug 09, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Twins on the way = Life insurance questions
Replies: 22
Views: 1047

Re: Twins on the way = Life insurance questions

You might want to consider more than 1 million coverage. Over time, inflation will eat away at the value of that million. You will have two children to raise, and presumably send to college. One of you may want to be a stay at home parent. It is also possible that you may have additional children, ...
by steadyeddy
Tue Aug 08, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4368

Re: Deja Vu.. are there too many houses for sale?

Same story here; not enough inventory. House prices seem frothy to me, but with 30% of sales done for all cash, it doesn't look like a bubble. I guess I need to re-anchor on higher prices! :)
by steadyeddy
Tue Aug 08, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Question for Buick Verano (non turbo) or Mazda3 owners
Replies: 35
Views: 1898

Re: Question for Buick Verano (non turbo) or Mazda3 owners

I have driven a 2006 Mazda3 S with a stickshift for the last eight years. It is a fantastic, compact car. Reliability has been spotless for me, and they've only gotten better.
by steadyeddy
Sat Aug 05, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 7500

Re: Study: Who Sold Stock During the 2008-9 Crash?

My hypothesis is that UHNW investors are more likely to outsource investment management to a large bank or family office, and those asset managers are more likely to follow an active strategy to justify their fees. Just a shot in the dark.
by steadyeddy
Sat Aug 05, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 6223

Re: Delta priority boarding - first timer

I recently flew from Minneapolis to Detroit on Delta. Both cities are big Delta hubs, so 80% of the plane was "elite" and 19% of the rest were in zone 1. It was comical.
by steadyeddy
Sun Jul 30, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Internal Job Offer Negotiations
Replies: 20
Views: 5918

Re: Internal Job Offer Negotiations

In my megacorp, each role has a pay band. Someone promoted into a higher payband might only get 85% of the lower bound of the new band. No need to pay the market rate for inexperience. The good news for the promoted employee is that compensation quickly shoots up from there as it is brought to the m...
by steadyeddy
Tue Jul 25, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 135
Views: 10717

Re: Is Amazon Prime worth it?

If you define "worth it" as paying for itself, then no. If you define "worth it" as being able to order a single tube of toothpaste with free 2-day shipping, then definitely. My toilet paper, laundry soap, car parts, dog food, lawn care supplies, tools, underwear, garage shelving, liquor, and pretty...
by steadyeddy
Mon Jul 24, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 53
Views: 7570

Re: How much Umbrella Insurance coverage needed?

Umbrella insurance serves 2 purposes: A) Protect you when you are not at fault. B) Compensate the other party when you are at fault without financially ruined you. KlangFool My understanding is that a typical umbrella policy provides no protection when you are not at fault. If you suffer a major lo...
by steadyeddy
Thu Jul 13, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7902

Re: Do you consider business travel to be a perk or a burden?

I travel roughly 30%. If the entirety of my job was the travel and the client meetings, I wouldn't dislike my job so much. But every minute I am on a plane or in a client meeting is a minute I am not tackling my overflowing inbox. For me, travel means staying up half the night getting my "real work"...
by steadyeddy
Mon Jul 10, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3685

Re: How to save for and finance house move up

I think you asked your question too early. Nobody seems willing to acknowledge that your income has increased and your expenses declined only very recently. Go ahead and work your plan. Come back in two years and say, "I have income of $210k, net worth of $700k, no non-mortgage debt, contribute $65k...
by steadyeddy
Fri Jun 30, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4582

Re: Looking into selling a structured settlement and need some advice

Thanks for the feedback and responses everyone. That is why I came here in the first place. To give everyone an update... I am not going to be selling it. Over the past week, the offer went up to 1,250,000. It bottomed out there as a takeout or leave it. I am leaving it. To play devil's advocate an...
by steadyeddy
Mon Jun 26, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4582

Re: Looking into selling a structured settlement and need some advice

Here is what I would do. I would keep the structured settlement and live off of it. That's my GUARANTEED cash flow that I can use to eat for the rest of my life. Next, I would work hard in my day job and save money. I don't need that salary to eat, so I can invest all that "extra" money to buy real ...
by steadyeddy
Sun May 28, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 11200

Re: Play Money for Spouse....

She thinks you are controlling and/or judging her spending. You do not believe this is true. That is a serious disconnect.

A fun money budget might be a good logistical solution, but you need to address the feelings apart from any financial action items.
by steadyeddy
Tue May 23, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?
Replies: 15
Views: 1709

Re: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?

Are you saying to pre-pay all 4 years in a lump? Not just tuition due? Yes, pre-pay all total in a lump, not just tuition due. This specific program is a grad program with fixed hours and numbers of courses over 2 years. I can see why institutions should do this (reduced attrition), but I doubt you...
by steadyeddy
Tue May 16, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 9641

Which Small SUV for 15 Year Reliability?

I would like to buy a new 2017 or 2018 small SUV, and keep it until the year 2030 and beyond. I recognize that some repairs will be required to keep a car running this long, but I'd like to minimize expensive repairs, and I certainly don't want to be regularly stranded on the side of the road as the...
by steadyeddy
Sat May 13, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank can't put memo on recurring billpay payments?
Replies: 2
Views: 583

Ally Bank can't put memo on recurring billpay payments?

I've been a happy Ally Bank customer for checking, savings, and CD's for a few years now, but I just discovered a hole in their billpay service that I find very annoying. I want to use Ally's billpay service to send two monthly checks to the same vendor for two different services. I would like to pu...
by steadyeddy
Sun Apr 09, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: BH thoughts on car insurance
Replies: 32
Views: 2468

Re: BH thoughts on car insurance

I have had insurance with Geico, Progressive, The Hartford, and most recently State Farm. I quickly check prices online annually to make sure my rates are in the right ballpark and switch if it makes sense. While reading Bogleheads last year, I learned that very few umbrella policies cover UM/UIM. ...
by steadyeddy
Sun Apr 09, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: BH thoughts on car insurance
Replies: 32
Views: 2468

Re: BH thoughts on car insurance

I have had insurance with Geico, Progressive, The Hartford, and most recently State Farm. I quickly check prices online annually to make sure my rates are in the right ballpark and switch if it makes sense. While reading Bogleheads last year, I learned that very few umbrella policies cover UM/UIM. I...
by steadyeddy
Wed Apr 05, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 27249

Re: Low-earners- What is your profession?

Whole life insurance salesman, selling exclusively to bogleheads.

$0/yr
by steadyeddy
Sun Apr 02, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 5426

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

None of us know what the future holds (SS, market returns, health, etc), so we do whatever seems prudent. I expect social security will pay 100% since it keeps a huge number of people off the streets, but it's a very uneducated guess.
by steadyeddy
Tue Feb 21, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Agencies
Replies: 2
Views: 364

Re: Insurance Agencies

Insurance is not the devil. Bogleheads typically have life, health, disability, home, auto, umbrella, etc. The vast majority of insurance companies do not sell directly to consumers. If you want (highly competitive) quotes from these carriers, you need to work with an agent. I would say that P&C...
by steadyeddy
Thu Feb 02, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: At what point (if ever) it is OK to pause retirement contribution to buy a house?
Replies: 29
Views: 2615

Re: At what point (if ever) it is OK to pause retirement contribution to buy a house?

OP, saving $11k of a $95k income for retirement seems like a prudent amount to me. I personally would not want reduce this amount to save for a down payment. Instead, I would try to increase my income or decrease my expenses if I could. But I'll also fess up that we did decrease our retirement contr...
by steadyeddy
Tue Jan 31, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How do empty restaurants stay in business?
Replies: 28
Views: 3378

Re: How do empty restaurants stay in business?

We have quite a few immigrant-run restaurants that I suspect make the owners less than minimum wage if they were to do the math. But with limited language skills, the proprietors have few other options. A $20k/yr profit for two full-time owners wouldn't keep me from closing the doors, but they can l...
by steadyeddy
Sat Jan 14, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3638

Re: Stay in paid-off starter house vs. dream house+work a few more years

You only save $250,000 per year?! Enjoy your cat food in retirement! I think you should downsize to save more money. But seriously, if you truly love the house, there is no need to over analyze the financials. You make good money, you save great money, and no matter how much we even plan, market mov...
by steadyeddy
Mon Jan 02, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buy or keep renting in Manhattan?
Replies: 25
Views: 3553

Re: Buy or keep renting in Manhattan?

When income is high but volatile, its best to make large purchases in cash. I would rent if you're not ready to do that.
by steadyeddy
Wed Dec 14, 2016 4:16 pm
Forum: Investing - Theory, News & General
Topic: FED Raises Rates - Sky Falls! Bond Prices are UP!
Replies: 34
Views: 7323

Re: FED Raises Rates - Sky Falls! Bond Prices are UP!

What's interesting to me is that folks on this forum state the market has things "priced in." It seemed the rate increase would have been priced in yesterday, yet markets are down today. But is that the only factor influencing the market today? No, but isn't it the main factor cited today...
by steadyeddy
Mon Dec 12, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on a 5/5 ARM in this environment?
Replies: 27
Views: 2725

Re: Taking on a 5/5 ARM in this environment?

When faced with similar options, I popped the total costs of each mortgage over 30 years into Excel and found my best available 30 year fixed rate option would be a better than deal than my best 5/5 ARM option after 13 years, assuming the worst-case rate increases. I took the ARM knowing I am unlike...
by steadyeddy
Mon Dec 05, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: Trying to fund retirement in late 20s.
Replies: 23
Views: 2944

Re: Trying to fund retirement in late 20s.

I think your plan to save as much as you can while you are young is a good one. My only caution is that if inflation averages 3% over the next 37 years, your $75k income 37 years from now will only be worth about $25k in today's dollars. So you might need to save more than you think over the course ...
by steadyeddy
Sat Dec 03, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 90
Views: 13177

Re: Amazon Prime Getting Stingy?

I haven't yet had issues with delayed prime shipments, but I do remember when Amazon began putting non-prime fulfillment at the back of the line several years ago. What used to take three days to receive began taking three weeks because Amazon would not pack it until two weeks after the order was pl...
by steadyeddy
Sat Dec 03, 2016 12:20 pm
Forum: Personal Consumer Issues
Topic: CBP (INS) Global Entry program worth it?
Replies: 38
Views: 2654

Re: CBP (INS) Global Entry program worth it?

Definitely worth it if you do even a moderate amount of international and domestic travel. It's $20/yr for hours of your life back.

Now whether I feel happy about having to pay to avoid what's been proven to be ineffective security theatre is another story...
by steadyeddy
Thu Dec 01, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 5521

Re: The new normal: 2%, 3%?

4% isn't based on the past 30 years. Returns have to be lower than they were during the GREAT DEPRESSION (which is possible of course) for 4% not to work going forward. But it doesn't matter if the 80s and 90s don't repeat. 4% is not relying on good times to work. I think the 4% is overrated myself...
by steadyeddy
Thu Dec 01, 2016 11:21 am
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 5521

Re: The new normal: 2%, 3%?

Roughly a 4% withdrawal rate is conservative enough for me. I'll annuitize in old age if things start getting tight. I feel very comfortable risking my estate to retire a few years sooner.
by steadyeddy
Wed Nov 23, 2016 3:13 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 5759

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...
by steadyeddy
Wed Nov 23, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 5759

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...