Search found 1082 matches

by Glockenspiel
Tue Aug 25, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: What is your base charge for electric? I have an $42 electric access fee.
Replies: 52
Views: 2646

Re: What is your base charge for electric? I have an $42 electric access fee.

$9.00/month - Service Charge
$2.45/month = Conservation Program Charge
$3.00/month = 100% Clean Energy (utility obligated to buy 100% renewable power)
$0.0988 per kWh
Twin Cities suburb, MN
by Glockenspiel
Fri Aug 07, 2020 11:01 am
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8750

Re: How long to keep a car

I have an 11-year old car with 115k miles on it and don’t see any reason to replace it for several years, because since the pandemic started, I’ve only had to fill it up with gas 3 times, meaning I’m probably on a pace for less than 2,000 miles in a year. Might as well wait until electric vehicles a...
by Glockenspiel
Thu Aug 06, 2020 1:23 pm
Forum: Personal Investments
Topic: Help my Aunt decide on Edward Jones or somewhere else
Replies: 55
Views: 3195

Re: Help my Aunt decide on Edward Jones or somewhere else

Do not sign those papers! They are crooks and their fees and expenses will make you wish you had just invested in a bank CD instead.
by Glockenspiel
Thu Aug 06, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: trex or redwood for large deck replacement
Replies: 19
Views: 1768

Re: trex or redwood for large deck replacement

I put Azek on my deck when I built it 11 years ago. I pressure wash it once or twice a year and it looks as good as the day I finished building it. One of the best decisions I have ever made. Me too, except 9 years ago. Looks great. Has nice wood grain. Cool to walk on barefoot. Doesn’t sag. No mai...
by Glockenspiel
Thu Aug 06, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: My gym is reopening - are you going back to yours?
Replies: 42
Views: 1846

Re: My gym is reopening - are you going back to yours?

Just because it opened doesn’t mean it’s safe. The gym seems to me like one of the least safe places for COVID. I’ll continue exercising at home or outdoors for at least another year.
by Glockenspiel
Thu Aug 06, 2020 7:19 am
Forum: Personal Consumer Issues
Topic: trex or redwood for large deck replacement
Replies: 19
Views: 1768

Re: trex or redwood for large deck replacement

Unless Trex has completely changed their product, it’s a trash product compared to Azek. My in-laws have a Trex deck on the north side of their house and it’s full of mildew and lichen. We have an Azek deck and it never gets hot or moldy. We chose a lighter color and even in the mid-summer heat and ...
by Glockenspiel
Wed Aug 05, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Building a new home (non-custom) Any advice from your experience?
Replies: 18
Views: 1199

Re: Building a new home (non-custom) Any advice from your experience?

Following as I’m in the same exact process of finding a realtor to buy a $600-$750k house by a big national home builder. Will they allow me to have an independent inspector at various stages? Is that a good idea or will they shoot it down immediately? When do you bring this up? Before purchase agre...
by Glockenspiel
Tue Aug 04, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should we move?
Replies: 22
Views: 1807

Re: Should we move?

All of the points in your question are negatives. You need to provide the information for why you would ever want to do this. What’s so bad about where you live now?
by Glockenspiel
Tue Aug 04, 2020 12:54 pm
Forum: Personal Investments
Topic: Can a small company offer decent 401k options?
Replies: 26
Views: 1320

Re: Can a small company offer decent 401k options?

My company only has about $15 million in annual revenue, and my 401k options are all very low cost Fidelity funds. The administrator does tack on 0.48% in record keeping and administrative fees, but it’s way better than my company used to be.
by Glockenspiel
Tue Aug 04, 2020 12:03 pm
Forum: Personal Consumer Issues
Topic: New Toyota Highlander, 2020 vs. 2021
Replies: 58
Views: 3938

Re: New Toyota Highlander, 2020 vs. 2021

econprof wrote: Tue Aug 04, 2020 10:47 am Why would you buy a new car, which depreciates 1/3 when driven off the lot, as opposed to a low-mileage preowned?
Any Toyota owner here knows that your statement is false. Oftentimes a 1-2 year old Toyota is only $2,000 less than a brand new one.
by Glockenspiel
Tue Aug 04, 2020 12:01 pm
Forum: Personal Investments
Topic: Vanguard small cap value
Replies: 9
Views: 712

Re: Vanguard small cap value

I use the IJS etf ( iShares small cap S&P 600) instead for reasons others listed above, smaller and more valu-ey. It’s only 15% of my portfolio though.
by Glockenspiel
Tue Aug 04, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15443

Re: What happens if you run out of money in retirement?

I’m 20 years from retirement, but I think Medicaid would allow you to live in a nursing home or assisted living center, and cover healthcare, and social security should be enough to cover expenses outside of that. Sell off assets, live in an apartment that’s income-based, etc.
by Glockenspiel
Mon Aug 03, 2020 10:51 pm
Forum: Personal Consumer Issues
Topic: A Simple Baseball Question, Maybe
Replies: 31
Views: 2587

Re: A Simple Baseball Question, Maybe

When a pitcher comes into the game to pitch, the announcers know which pitches are in their arsenal (fastball, slider, curveball, change up, cutter, splitter, etc). Each pitcher normally only has 2-4 different types of pitches they throw, so there’s not much to choose from. Once you have experience ...
by Glockenspiel
Mon Aug 03, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: What Car Maintenance Do You Do?
Replies: 162
Views: 8286

Re: What Car Maintenance Do You Do?

-Replace burned out light bulbs -clean/replace engine air filter -replace cabin air filter -check/top off fluids -change wiper blades -check and fill tires to proper air pressure -run it through the car wash -vacuum it out and detail it when it needs it. Everything else I hire out because I have les...
by Glockenspiel
Mon Aug 03, 2020 9:49 pm
Forum: Personal Investments
Topic: Overcoming the fear of an early retirement
Replies: 117
Views: 8846

Re: Overcoming the fear of an early retirement

You can retire and you want to retire. Do it. Why wait in a world of uncertainties? You could get COVID and die or have lifelong decreased lung function or something. WTF are you waiting for? +1. Rip off the band-aid and do it. If something awful happens, you can always get a part-time job later.
by Glockenspiel
Fri Jul 31, 2020 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: When did your investments outweigh your mortgage?
Replies: 46
Views: 3971

Re: When did your investments outweigh your mortgage?

This happened for me a few years ago at around age 32. Feels good but I didn’t change anything we did. Now our investments are about 4x our remaining mortgage, by having a 15-year mortgage and investing more than $50k per year.
by Glockenspiel
Fri Jul 31, 2020 12:32 pm
Forum: Personal Investments
Topic: Where to put my down payment?
Replies: 8
Views: 679

Where to put my down payment?

My wife and I are buying a new house next spring and currently have $160k stored over various savings/checking accounts earning next to nothing in interest. I previously had a Vanguard Prime Money Market account earning 1-2%, but recently that yield has gone to almost zero. Are there any other types...
by Glockenspiel
Fri Jul 31, 2020 9:15 am
Forum: Personal Investments
Topic: Is 25 too young for paid off house?!
Replies: 72
Views: 5245

Re: Is 25 too young for paid off house?!

Is that a typo? Are you missing a digit in the price of your house? $65k? If not, I need to try some geographic arbitrage and move to Iowa. I've heard of $10,000 houses in Detroit and other areas, but not in Iowa, which I heard is a nice place to live. Time to move! In Minnesota, if you want to liv...
by Glockenspiel
Fri Jul 31, 2020 9:09 am
Forum: Personal Investments
Topic: Is 25 too young for paid off house?!
Replies: 72
Views: 5245

Re: Is 25 too young for paid off house?!

Is that a typo? Are you missing a digit in the price of your house? $65k? If not, I need to try some geographic arbitrage and move to Iowa. I've heard of $10,000 houses in Detroit and other areas, but not in Iowa, which I heard is a nice place to live. Time to move! In Minnesota, if you want to liv...
by Glockenspiel
Thu Jul 30, 2020 9:01 am
Forum: Personal Investments
Topic: Recession or not
Replies: 21
Views: 2139

Re: Recession or not

bloom2708 wrote: Thu Jul 30, 2020 8:55 am 32.9% GDP contraction from April to June. I think that qualifies as a recession.
Correct. The stock market is not the economy. The richest 10% (Bogleheads) own 85% of all stocks.
by Glockenspiel
Wed Jul 29, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8970
Views: 712508

Re: U.S. stocks continue to soar!

Kodak(KODK) up 415% today Anyone get in on Kodak? Anyone know they even existed outside of being basically a brand licensing venture? It was a good buy at $2.40 two days ago! Not so much at $40! -TheDDC Some insider trading going on with Kodak, as the trading volume went from 80,000 shares per day ...
by Glockenspiel
Tue Jul 21, 2020 4:00 pm
Forum: Personal Consumer Issues
Topic: Advice on a more livable place
Replies: 145
Views: 12313

Re: Advice on a more livable place

Twin Cities, Minnesota - You can find lots of options for 4 bedrooms with a price of $500-$600k in a good school district in the metro area. The climate is very similar to what you're used to in Chicago. The winters have been consistently getting warmer over the last 20 years. It's always ranked as ...
by Glockenspiel
Mon Jul 13, 2020 10:41 pm
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 9696

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

I don’t. For every hot stock where someone makes money, there’s a stock where someone’s losing a bunch of money as well. Your friends just may not tell you when they’re losing. In the long run, I truly believe that the broad market with very low expense ratios will beat active investors.
by Glockenspiel
Thu Jul 02, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: Spiked Seltzers?
Replies: 46
Views: 3354

Re: Spiked Seltzers?

They're not too sweet at all. Not like those disgusting Mike's Hard Lemonade or similar drinks. They taste very similar to La Croix sparkling water except with alcohol in them. I don't think there's any aftertaste. In my opinion they're quite refreshing on a brutally hot day.
by Glockenspiel
Wed Jul 01, 2020 11:11 pm
Forum: Personal Consumer Issues
Topic: FYI - Disney+
Replies: 44
Views: 7116

Re: FYI - Disney+

My 5-year old son and I are excited to watch Hamilton on Disney+. My wife and I saw it in the theatre before I knew all the songs. I’m assuming Hercules Mulligan will cut out the one “bad word” that he says in the theatre, or I’ll mute it quickly when I know it’s coming.
by Glockenspiel
Wed Jul 01, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14367

Re: Hopeless Civil Engineer

This thread is a stark reminder that pay is so specific to locality. I'm in Atlanta, working for a very large firm, where entry level offers are made at $65-70k; 28 year olds with their PE are at $85-90k; mid-career non-PE designers are $100k and PMs are $150-$200k. Within the last 5 years Georgia ...
by Glockenspiel
Wed Jul 01, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1884
Views: 462195

Re: Share your net worth progression

It's interesting to see so many people up this year in NW given investment performance. Is this selection bias? I'm about where I was in November/December 2019 still even after contributing heavily to new investments over the past 6 months. My skew to small-cap value has not helped certainly....Are...
by Glockenspiel
Wed Jul 01, 2020 4:11 pm
Forum: Personal Consumer Issues
Topic: Painting new drywall
Replies: 24
Views: 1621

Re: Painting new drywall

Yes. Drywall sealer/primer is a must. You'll waste tons of paint otherwise. Just use like Zinsser Drywall Primer or a similar product. It doesn't have to be a perfect coat.
by Glockenspiel
Tue Jun 30, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 16833

Re: What is the best financial decision you ever made?

1. Marrying a smart woman with a good career who also has fairly frugal spending habits.
2. Steadily increasing my savings rate until I maxed out my 401k, Roth IRA, and HSA.
by Glockenspiel
Tue Jun 30, 2020 3:37 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17366

Re: YoutubeTV subscription now $64.99/month

I use Sling for $30/month and it works well and has all the channels that I'd want.
by Glockenspiel
Tue Jun 30, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14367

Re: Hopeless Civil Engineer

I think this is the best advice. One of my friends is a Civil engineer, and after a few years, probably 10, he started his own firm in a very niche civil engineering design consulting. Starting your own firm is a very tough as a civil engineer, especially if you aren't a confident outgoing individu...
by Glockenspiel
Tue Jun 30, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14367

Re: Hopeless Civil Engineer

$70-$80k is probably average for 10 years into Civil Engineering in a location that's not super high cost of living. I'm a civil engineer with 12 years of experience in the Midwest and make $93k salary right now. One of the best ways as a civil engineer to increase your income is to increase your sk...
by Glockenspiel
Thu Jun 25, 2020 1:33 pm
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17617

Re: Susie Orman Says You are Crazy to be Investing in Bonds

Her show is at least fairly entertaining when people call in asking if they can afford stuff that they certainly cannot afford. You may find her show entertaining because she screens her calls to entertain you. She may screen 100 callers to get the one or two outrageous ones that will fire up her a...
by Glockenspiel
Fri Jun 19, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is it retirement time yet?
Replies: 22
Views: 2688

Re: Is it retirement time yet?

They certainly have the savings to do so, IF their expenses are around $150,000-$175,000 per year, or less.
by Glockenspiel
Fri Jun 19, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: 36 YO wife getting Medicare related Junk Mail
Replies: 20
Views: 1197

Re: 36 YO wife getting Medicare related Junk Mail

I frequently get junk mail trying to sell me hearing aids, and have for at least 3-4 years now. I'm currently 35 and have perfectly normal hearing.
by Glockenspiel
Fri Jun 19, 2020 1:00 pm
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17617

Re: Susie Orman Says You are Crazy to be Investing in Bonds

Susie Orman is an idiot. She makes more money selling credit cards than financial advice. Less than zero respect for her. Her show is at least fairly entertaining when people call in asking if they can afford stuff that they certainly cannot afford. For typical Bogleheads, her advice is worthless. ...
by Glockenspiel
Thu Jun 18, 2020 3:34 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1715
Views: 223469

Re: Post your Financial Milestone Announcements Here

We reached a new milestone at $1.2M. Hoping we can retire early someday if things keep progressing the way they have for another 10-15 years. Started working in 2008. Did not track prior to 2016. 2016: $0.5M 2017: $0.7M (first year with children and daycare costs) 2018: $0.8M 2019: $1.1M YTD: $1.2m...
by Glockenspiel
Thu Jun 18, 2020 3:21 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1715
Views: 223469

Re: Post your Financial Milestone Announcements Here

We reached a major milestone with a household net worth just crossing into 7 digits. We're hoping to be able to retire as our kids get into college in about 18 years. Net worth progression: 2011: 102k 2012: 162k 2013: 208k 2014: 288k 2015: 361k 2016: 481k 2017: 589k 2018: 627k 2019: 829k Today: 1022k
by Glockenspiel
Thu Jun 18, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47078

Re: 30 year mortgage under 3%

I don't know how likely a 30 year mortgage under 3% is, but we got a 2.5% 15 year mortgage back in 2013. We kept it only a year before we sold the property though. I also got a 2.5% 15-year mortgage in December 2012. We're still living in the house and have paid off nearly half of the original prin...
by Glockenspiel
Thu Jun 18, 2020 3:04 pm
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 313
Views: 32382

Re: Really hard to avoid "Keeping up with the Joneses"!

Talk about how much money you saved because you didn't buy a luxury car. Say, "My car gets me from point A to point B just fine, AND I saved a ton of moeny!"
by Glockenspiel
Wed Jun 17, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited land with taxes, but appears to be county road!
Replies: 28
Views: 3136

Re: Inherited land with taxes, but appears to be county road!

I'm a civil engineer and have dealt with a similar scenario on some projects I've worked on. There's no document stating the roadway is owned by the county, so the road is just there and is used for transportation purposes under a "prescriptive easement". It's technically owned by each individual la...
by Glockenspiel
Wed Jun 17, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Tipping why % of bill and not flat amount?
Replies: 159
Views: 9399

Re: Tipping why % of bill and not flat amount?

At breakfast I always tip a higher percent. The food is cheaper and receive the same amount of attention and service. Once you get above a $30-$40 bill, I move towards a percent of the bill instead of a more flat rate. For a $10 meal, I might tip $3-$4, but for a $40 bill I'll tip about $7-$8 or jus...
by Glockenspiel
Wed Jun 17, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47078

Re: 30 year mortgage under 3%

I don't know how likely a 30 year mortgage under 3% is, but we got a 2.5% 15 year mortgage back in 2013. We kept it only a year before we sold the property though. I also got a 2.5% 15-year mortgage in December 2012. We're still living in the house and have paid off nearly half of the original prin...
by Glockenspiel
Wed Jun 17, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8136

Re: Would you rent your house to a famous athlete?

Only if you're guaranteed a very lucrative rental rate and have proper protections in place for damages.
by Glockenspiel
Thu Jun 11, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: So Are Home Renovations Worth It (Financially) Or Not?
Replies: 105
Views: 7633

Re: So Are Home Renovations Worth It (Financially) Or Not?

I've put about $60k of improvements in my home over the past 10 years, and I'll end up netting about $120k in added value, but most of that added value is just inflation and the market. So no, I would say financially, you might break even. I could have made more money putting it in the stock market,...
by Glockenspiel
Thu Jun 11, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: Market Bubble
Replies: 39
Views: 2289

Re: Market Bubble

I just think we have a very fragile economy right now, with the low interest rates, lowered tax rates, high unemployment, and the political unwillingness to do additional stimulus. The virus isn't going away anytime soon, and it will take a few years to get back to "normal", like January/February 20...
by Glockenspiel
Fri Jun 05, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Good Time for a HELOC
Replies: 20
Views: 1980

Re: Good Time for a HELOC

This helps me out with a question that I've been having with myself. We're looking at buying a new home within the next year, and I'm trying to figure out whether we'll have the cash to buy a house and sell a house at the same time, without knowing when the closing dates will be. Does it make sense...
by Glockenspiel
Fri Jun 05, 2020 8:36 am
Forum: Investing - Theory, News & General
Topic: Market Euphoria?
Replies: 63
Views: 5212

Re: Market Euphoria?

Did you ever stop to think the big players and the Fed who are running things want to you act on your greed? The free market no longer exists...it is all manipulated. This^^. There's just no way that the stock market deserves to be only 8.5% off the all-time highs. In July, when the expanded unempl...
by Glockenspiel
Wed May 27, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any holes in new home purchase?
Replies: 22
Views: 983

Re: Any holes in new home purchase?

You can afford this home with only one of you working, which is a great problem to have. I'd ask yourself about the schools (regardless of whether or not you'll have kids), for resale purposes.
by Glockenspiel
Wed May 27, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Good Time for a HELOC
Replies: 20
Views: 1980

Re: Good Time for a HELOC

This helps me out with a question that I've been having with myself. We're looking at buying a new home within the next year, and I'm trying to figure out whether we'll have the cash to buy a house and sell a house at the same time, without knowing when the closing dates will be. Does it make sense ...