Search found 724 matches

by steadyeddy
Sat Jun 01, 2019 7:29 am
Forum: Personal Consumer Issues
Topic: Painting Cabinets - Is it that hard ?
Replies: 38
Views: 2988

Re: Painting Cabinets - Is it that hard ?

It depends how long you want the paint to last. Lots of prep with sanding is definitely the right way to do it. Her cabinets will look great on day #1 even if she doesn’t prep, but day #700 she’ll be ready to paint or replace them again, whereas the professionally done cabinets will look great. Also...
by steadyeddy
Sun May 26, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12591

Re: Is the housing market starting to collapse?

We can talk about nominal home prices all day long, but the market is driven by mortgage payment amounts, and those are extremely low due to low interest rates. IF interest rates rise anytime soon (I personally doubt it), I assume many homes on the market today will become unaffordable to the averag...
by steadyeddy
Sun May 26, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: Where to buy products at TRUE wholesale prices?
Replies: 51
Views: 3988

Re: Where to buy products at TRUE wholesale prices?

A few people have mentioned alibaba. Please keep in mind those prices on the website don’t include freight or selling expenses. Buying 10,000 coffee mugs for 12 cents each is cheap, but you might have to pay an extra $4 each to transport them across the ocean, truck them from the dock to your wareho...
by steadyeddy
Sun May 26, 2019 7:25 am
Forum: Personal Investments
Topic: Put more money in the market or buy real estate in DC area?
Replies: 26
Views: 2420

Re: Put more money in the market or buy real estate in DC area?

What is your current exposure to the stock market vs DC real estate? Hard to say how best to diversify without knowing your current allocation.
by steadyeddy
Wed May 01, 2019 11:15 am
Forum: Investing - Theory, News & General
Topic: Do I live in a HCOL area?
Replies: 56
Views: 3328

Re: Do I live in a HCOL area?

I would suggest the following: The St Louis Fed, which keeps this kind of data, says the median home price in the country is currently $307k. Some company that Kiplinger uses tracks median home prices in 100 cities . The median price in the median city on that list is $190k (Lancaster, PA). I would...
by steadyeddy
Sun Apr 28, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Are these 50% off Netflix cards a scam ?
Replies: 8
Views: 1436

Re: Are these 50% off Netflix cards a scam ?

I once bought one locally off craigslist 10 years ago. The guy had bought the gift card with his credit card, and he did a credit card chargeback a month after he sold it to me, so Netflix immediately cancelled my service. Lesson learned.
by steadyeddy
Sat Apr 06, 2019 10:12 am
Forum: Personal Investments
Topic: BofA / Merrill Edge is [Tempting me to] Switch from Vanguard
Replies: 49
Views: 4585

Re: BofA / Merrill Edge is Making Me Switch from Vanguard

LFKB, your investable assets would qualify you to work with BOA’s private client group, US Trust. They may or may not be able to offer you an even better deal on that mortgage; certainly worth a call. Those salespeople have a LOT of strings they can pull within BOA to offer good deals. (It probably ...
by steadyeddy
Thu Feb 28, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to a high cost of living area?
Replies: 48
Views: 2422

Re: Should I move to a high cost of living area?

If you’re making $600k in MCOL area, I’d want at least $1 million/year to move to the Bay Area. Do you like the place you currently live in? Why? It’s not as though everything is twice the price. A $20k car doesn’t cost $40k. A $7 bottle of shampoo doesn’t cost $14. Only housing is dramatically mor...
by steadyeddy
Thu Feb 28, 2019 10:21 pm
Forum: Personal Investments
Topic: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?
Replies: 46
Views: 2455

Re: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?

I do believe the one place whole life insurance can make sense is as a tax shelter for UHNW individuals. Unfortunately, it gets sold far more often as a “tax shelter” for the middle class. Can you implement this strategy later in life once your assets begin to exceed the estate tax threshold? That w...
by steadyeddy
Thu Feb 28, 2019 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to a high cost of living area?
Replies: 48
Views: 2422

Re: Should I move to a high cost of living area?

If you’re making $600k in MCOL area, I’d want at least $1 million/year to move to the Bay Area. Do you like the place you currently live in? Why? It’s not as though everything is twice the price. A $20k car doesn’t cost $40k. A $7 bottle of shampoo doesn’t cost $14. Only housing is dramatically mor...
by steadyeddy
Thu Feb 28, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to a high cost of living area?
Replies: 48
Views: 2422

Re: Should I move to a high cost of living area?

An extra $150k will easily cover the new mortgage payment, but depending on where you’re coming from, the taxes might put you at a net financial loss. I would make the decision based on the merits of the job and lifestyle in the new location vs the old. The finances will be similar enough to take th...
by steadyeddy
Thu Feb 28, 2019 4:13 pm
Forum: Personal Consumer Issues
Topic: Going to "cash-only" restaurants?
Replies: 109
Views: 4501

Re: Going to "cash-only" restaurants?

I hate using cash. They're filthy pieces of paper that have touched many hands. +1 This is actually a pretty good point, but as hard as it is to deposit cash these days, spending it is a decent plan. I'm picturing you guys sitting at home scrubbing your credits cards with disinfecting wipes after h...
by steadyeddy
Sat Feb 09, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Would you eat lab grown meat?
Replies: 64
Views: 1748

Re: Would you eat lab grown meat?

Only if it tasted good.
by steadyeddy
Thu Feb 07, 2019 5:54 pm
Forum: Personal Investments
Topic: Merrill Edge or Fidelity
Replies: 42
Views: 3009

Re: Merrill Edge or Fidelity

It really doesn’t matter. They’re both great options, and you can switch easily if you change your mind.
by steadyeddy
Sat Jan 26, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: 1.2% is a competitive fee?
Replies: 24
Views: 1278

Re: 1.2% is a competitive fee?

His job is to make you feel bad so you won’t leave. Your job is to ignore his nonsense and leave anyway.
by steadyeddy
Sat Jan 26, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 114
Views: 16466

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Our itemized deductions stayed flat at ~$30k, but personal exemptions are no longer allowed so our tax owed increased quite a bit. There’s nothing I can do about it, so I’ll pay the tax and move on. At the end of the day I still feel very lucky to have been born in the USA, and lucky to earn enough ...
by steadyeddy
Sun Dec 30, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the new Maxima?
Replies: 42
Views: 2989

Re: Thoughts on the new Maxima?

If you buy and hold vehicles (and the fact that you’re driving a 2007 says that you do), then I think it’s important to let emotions play a sizable role in your decision. You clearly love the Maxima, so don’t let strangers on the internet tell you that you shouldn’t drive what you love for the next ...
by steadyeddy
Tue Dec 11, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: Buy Lexus CPO now or wait until end of Dec.?
Replies: 23
Views: 1640

Re: Buy Lexus CPO now or wait until end of Dec.?

I have two local Lexus dealers and neither would haggle at all on CPO RX350's. They did, however, drop the price by about $200 every week until each vehicle finally sold. It's funny everyone is mentioning Subaru's, because that's what we ended up buying instead of the Lexus--mostly because our strol...
by steadyeddy
Tue Oct 30, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Minnesota
Replies: 28
Views: 3212

Re: Moving to Minnesota

You can’t go wrong by renting very near to work. You can always move a year or two later after you’ve gotten to know the area.
by steadyeddy
Sat Sep 08, 2018 9:10 pm
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1352

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: 1352

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: 4737

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: 4399

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: 7587

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: 7587

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: 7587

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: 3011

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: 11671

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: 6282

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: Personal Investments
Topic: High Crypto Allocation
Replies: 37
Views: 3429

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: 2683

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: 2147

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: 2147

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: 1894

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: 14921

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: 7647

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: 7786

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: 1542

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: 1673

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: 5046

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: 120
Views: 15043

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: 5786

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: 5786

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: 5786

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: 9988

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: 4694

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: 5430

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: 63
Views: 6679

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: 3263

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: 2702

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—...