Search found 1170 matches

by dknightd
Tue Jan 22, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: Recommendation for pickup truck?
Replies: 63
Views: 2831

Re: Recommendation for pickup truck?

My adult son has urgent need for a replacement vehicle - existing car totaled. His current desire is for a late model or new pickup truck - with four doors. Because of his, somewhat 'stretched', current financial situation - he might actually listen to my recommendation(s). This is his problem. Not...
by dknightd
Tue Jan 22, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 133
Views: 9972

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

iamblessed wrote:
Tue Jan 22, 2019 8:48 am
Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Post by iamblessed » Tue Jan 22, 2019 8:48 am
I might get an inheritance in the future.

I might get an inheritance in the future.
Yep, you might! Or you might have bills to pay
by dknightd
Tue Jan 22, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 116
Views: 5869

Re: What is a Boglehead funeral/burial?

dm200 wrote:
Sat Jan 19, 2019 1:23 pm
How might we apply the "Boglehead" philosophy to our funeral and burial plans/expenses?
keep the expenses as low as possible?
by dknightd
Tue Jan 22, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: If you work in several states as a mngmt consultant, where do you file your taxes?
Replies: 18
Views: 1152

Re: If you work in several states as a mngmt consultant, where do you file your taxes?

Hi Bogleheads- Not sure if anyone here will know this off the top of his/her head, but I am a partner in a two-person consulting firm and we physically worked in California on a project for one week in 2018, do I need to file a nonresident tax return with California? I haven't been able to find a c...
by dknightd
Sun Jan 20, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8237

Re: Divorce w/child. Spouse wants to move.

I'm sorry it did not work out for the two of you. If you want to follow the child, and future ex wife, do that. Not much information to go on. Sounds like she had condo in SW before she met you. Not paid off yet. So I assume you have been contributing to paying that off. Then you bought a house toge...
by dknightd
Sun Jan 20, 2019 8:51 pm
Forum: Personal Consumer Issues
Topic: Where to buy CR2032 batteries?
Replies: 48
Views: 3483

Re: Where to buy CR2032 batteries?

I don't know what a CR2032 battery costs. I'd probably choose the most convenient option,
by dknightd
Sun Jan 20, 2019 8:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790432

Re: U.S. stocks in free fall

^I'm retired, so the concept of emergency fund does not apply as has been discussed many times on the forum, but hey give me a situation where I need 6 months of expenses all in cash on a Tuesday afternoon and I'll write a novel about it. Thanks! Fair enough. I'm not retired yet. But I could imagin...
by dknightd
Sun Jan 20, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790432

Re: U.S. stocks in free fall

It is kind of scary that somebody could make 8% in a day if they were clever and lucky! I'm sticking to my plan. I'll buy a little more stock if the S&P goes down to about 2300. If that never happens I'll just ride the market back up ;) What day had an 8% trading range in the S&P 500? I don't remem...
by dknightd
Sun Jan 20, 2019 8:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790432

Re: U.S. stocks in free fall

livesoft wrote:
Fri Jan 18, 2019 8:29 pm
You probably didn't notice that with my strategy I never have any dry powder. I am 100% invested all the time.
Even your "emergency" fund?
by dknightd
Sun Jan 20, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6349

Re: Paying thousands per ticket to attend the NFL Super Bowl?

I'd never do it, but if it makes you happy, and you can afford it, have fun!
by dknightd
Sun Jan 20, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790432

Re: U.S. stocks in free fall

It is kind of scary that somebody could make 8% in a day if they were clever and lucky!
I'm sticking to my plan. I'll buy a little more stock if the S&P goes down to about 2300. If that never happens I'll just ride the market back up ;)
by dknightd
Sun Jan 20, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: Is using an Asset Allocation Mental Accounting?
Replies: 46
Views: 2079

Re: Is using an Asset Allocation Mental Accounting?

I think it is all mental accounting. No matter how you define it, or what you have written down, it is all a form of mental accounting. It does not really matter if you define AA in terms of percentages, or in terms of dollars. Both are forms of mental accounting. For that matter, in my mind, both a...
by dknightd
Sat Jan 19, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 157
Views: 5762

Re: My trend following strategy and experience

I think it is a good idea to have a plan and stick to it.
by dknightd
Sat Jan 19, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Used electric car - a good deal?
Replies: 28
Views: 1540

Re: Used electric car - a good deal?

This is a common misconception about EVs. Battery capacity and chemistry continue to improve, but the existing technology is reliable and proven. I would assume that advertised mileage would decrease with time. I walk to work most days. If I lived 25 miles from work, and had a way to plug in at bot...
by dknightd
Sat Jan 19, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Used electric car - a good deal?
Replies: 28
Views: 1540

Re: Used electric car - a good deal?

I did not know that used ones were going that cheap. That is what, about 50-75% depreciation in the first 3 years! But you would be buying early technology. I don't think we can predict if was a good deal or not. I suspect batteries and motors are still in the early stage of development. It could be...
by dknightd
Thu Jan 17, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 19
Views: 1311

Re: finding a good plumber

I thought about doing it myself, but in the end I'm glad to spent $3.2k to have it done. I could have done the work for less. But I'm an amateur. And I work alone. They knocked the job out in one day. Which for me is a good thing. 3 experienced plumbers can do in one day what it would take me a week...
by dknightd
Tue Jan 15, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6606

Re: A co-worker makes more than me

If it bugs you, ask for a raise, or, find a new job
by dknightd
Tue Jan 15, 2019 8:48 pm
Forum: Personal Consumer Issues
Topic: 2019 Camry vs RAV4
Replies: 39
Views: 3707

Re: 2019 Camry vs RAV4

This thread has me baffled... I simply don't understand the thought process. It seems to me the primary question should be do you want to drive a sedan in the Camry class or a CUV in the RAV4 class, or even how much you prefer the materials, driving experience and MPG in one vs. the other... not ho...
by dknightd
Tue Jan 15, 2019 7:38 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 177
Views: 11034

Re: Are You Dumping Netflix?

ha ha dump netflix, or buy netflix. Up to you. I'm not doing either this month
by dknightd
Tue Jan 15, 2019 7:32 pm
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 19
Views: 1311

Re: finding a good plumber

I need to find a good plumber to address some issues I've been putting off for way to long. How would you go about finding a plumber who did good work for a fair price? Friends, neighbors, coworkers, online reviews, etc. Once you find a good one, treat them well. :sharebeer I guess that is my plan....
by dknightd
Tue Jan 15, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2757

Re: School staff threatened to call social worker

We are planning a trip back to China that would require 9 days of absence from my daughter’s school ( kindergarten ). I emailed to school to ask for permission and found out that school can only approve 6 days of excused absence . We plan to use 3 days of unexcused days and therefore will use up 5 ...
by dknightd
Tue Jan 15, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 19
Views: 1311

finding a good plumber

I need to find a good plumber to address some issues I've been putting off for way to long.
How would you go about finding a plumber who did good work for a fair price?
by dknightd
Tue Jan 15, 2019 5:40 pm
Forum: Investing - Theory, News & General
Topic: Real value of NYC real estate, 1899-1999.
Replies: 50
Views: 4314

Re: Real value of NYC real estate, 1899-1999.

When my real estate passed the $5,000 in net monthly income threshold, that same portfolio contained about $600,000 in real estate equity. Can a $600,000 Index Fund portfolio pay you $5,000 per month? Can it pay you that with a $0 tax burden? The answer to both questions is "No". My sister and BIL ...
by dknightd
Tue Jan 15, 2019 4:58 pm
Forum: Investing - Theory, News & General
Topic: Real value of NYC real estate, 1899-1999.
Replies: 50
Views: 4314

Re: Real value of NYC real estate, 1899-1999.

I only quickly skimmed the article. It does not surprise me that real estate values roughly keep up with inflation. It also does not surprise me that rents roughly keep up with inflation. The cost of a place to live, or in this case, a place to do business, is a non-negligible part of why we have in...
by dknightd
Sun Jan 13, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35727

Re: I don't understand the case for EE bonds

willthrill81 wrote:
Sun Jan 13, 2019 12:59 pm
EE bonds redeemed before the 20 year anniversary yield .1%.
Ouch, that is not very good!
by dknightd
Sun Jan 13, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping collision insurance on auto policy for older car?
Replies: 25
Views: 2127

Re: Dropping collision insurance on auto policy for older car?

What will your daughter drive now? I drop collision and comprehensive when the cost is more than I'm likely to receive. It is a gamble. The house (insurance company) usually wins. But I like to be covered, just in case.
by dknightd
Sun Jan 13, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3691

Re: Company relocating and not interested - next steps ?

if you have enough money saved, now might be a good time to retire. Then perhaps later look for ways to make money
by dknightd
Sun Jan 13, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 392
Views: 35727

Re: I don't understand the case for EE bonds

I thought the appeal of EE bonds is that the interest was tax free if they were used for education. Even if cashed out early they still provide income about the same as a savings account. They are very liquid, after 3-6 months they can be cashed out at will. I ended up with more EE bonds than I coul...
by dknightd
Sun Jan 13, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5074

Re: Anyone beating the index instead of buying it?

alex123711 wrote:
Sat Jan 12, 2019 9:11 pm
Just wondering if many people are buying shares rather than index funds and if so are you beating the index? Would you be better off putting it in the index?
I'm pretty sure somebody are beating the indexes. I'm also pretty sure some are loosing. Do you feel lucky?
by dknightd
Sun Jan 13, 2019 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Setting Up A Parent For Retirement
Replies: 18
Views: 1413

Re: Setting Up A Parent For Retirement

Apart from getting my own investments straightened out this year, I also am trying to help my mother (age 63) get her affairs in order. Here are basics of what she has to work with: $750,000 currently held in high yield checking accounts. $1900 a month SS (drawing on my fathers). She was in need of...
by dknightd
Sun Jan 13, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13995

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

That's fine.. but I'm hearing lots of posts saying how little traveling they did before retirement and how much they did after it $1M for $100k salary is fine, but if you do it a very early age it sounds like you don't like enjoying life at all. You can have a lot of fun for not a lot of money. It ...
by dknightd
Sun Jan 13, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)
Replies: 128
Views: 7433

Re: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)

I'm not going to try and change your mind. But here is my thinking, with no evidence to support it. I believe in the concept of a global economy. Currently there is a lot of imbalance. I suspect this will mean parts of the worlds "quality of living" will have to increase (or the rich nations will ha...
by dknightd
Fri Jan 11, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6111

Re: Building Wealth Through Home Equity--Myth or Reality?

I think this thread underestimates the systematic risk you hold with real estate. You are taking a leveraged bet on both holding land PLUS location-specific risks. This is shown in this WSJ article about bag holders who bought houses on golf courses: https://www.wsj.com/articles/golf-home-owners-fi...
by dknightd
Fri Jan 11, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9778

Re: Disciplined with finances, but not so with diet

stoptothink wrote:
Fri Jan 11, 2019 11:43 am

That was my point, I was being facetious. Rates of obesity have grown 4-fold worldwide in the last 60 years due to lifestyle factors.
I could be wrong, probably am, but I suspect what has been defined as "obesity" have changed over the years.
by dknightd
Fri Jan 11, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9778

Re: Disciplined with finances, but not so with diet

I don't think it is that simple. Some people have bodies that are efficient at converting calories into fat. Some peoples bodies just poop out what is not needed. For simple calories in, vs calories burned accounting, you also have to consider the calories lost in your waste products. I'm lucky, my...
by dknightd
Fri Jan 11, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13995

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

For all that show your frugality medals... Hope you get to spend it in retirement. Otherwise it would have been such a high opportunity cost of leisure. Unless you count frugality under leisure itself. If you save 20-25% of your salary, you can have leisure now, and in the future. The best of both ...
by dknightd
Fri Jan 11, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13995

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Parent here. Wife stays at home with the toddler. Income is $75k. Saving 26% of gross (not counting employer match) and paying extra on the mortgage. Don't think we'll make it to the one million dollar club. If you keep saving 26% of your salary for 30 years you probably will end up a millionaire. ...
by dknightd
Fri Jan 11, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9778

Re: Disciplined with finances, but not so with diet

It really is simple. Finances you simply have to spend less than you make and save the amount not spent. In other words, a money surplus. Losing weight you simply have to eat less calories per day than your body requires. In other words, a caloric deficit. In finances, you track your money (what co...
by dknightd
Fri Jan 11, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6111

Re: Building Wealth Through Home Equity--Myth or Reality?

wolf359 wrote:
Fri Jan 11, 2019 9:17 am
Your home value was close to the average when bought, and was considerably above the average when sold. You had a fantastic return.
And a place to live :)
by dknightd
Fri Jan 11, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6111

Re: Building Wealth Through Home Equity--Myth or Reality?

When we bought our house the mortgage/taxes/insurance/upkeep was slightly more than renting. We put 5% down using an FHA loan. 30 years later it is cheaper than renting. I did not generate "wealth" but in the end the costs were lower, so it did help. In a few years when it is paid for, costs will be...
by dknightd
Fri Jan 11, 2019 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13995

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Parent here. Wife stays at home with the toddler. Income is $75k. Saving 26% of gross (not counting employer match) and paying extra on the mortgage. Don't think we'll make it to the one million dollar club. If you keep saving 26% of your salary for 30 years you probably will end up a millionaire.
by dknightd
Wed Jan 09, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2015

Re: What are my options with the current mortgage?

worthit wrote:
Tue Jan 08, 2019 8:32 pm
Hello BHs:

Here is the situation:

It is a 30 year mortgage, rate is 3.675, 26 more years to go with an amount of $593,000 remaining which is our only debt.
I'd probably keep paying off as scheduled.
by dknightd
Wed Jan 09, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Expensive DSLR through airport security
Replies: 45
Views: 3042

Re: Expensive DSLR through airport security

I am bringing my Canon 5D Mark IV with a 24-70 2.8 II attached in my carryon. Thats roughly 5K worth of gear. Are they still requiring passengers put DSLR's in a separate bin for security? I know laptops still need to be seperated. Something about wheeling that thing through in plain site worries m...
by dknightd
Wed Jan 09, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5044

Re: Diagnosing Knee Problems over the Phone - Medicare

I'm confused. A history of knee problems. No they can not diagnose those over the phone!
My last stop would be a surgical solution!
by dknightd
Tue Jan 08, 2019 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why isn't an AA of 75/25 with a SWR 3.75% the standard??
Replies: 62
Views: 6875

Re: Why isn't an AA of 75/25 with a SWR 3.75% the standard??

WhiteMaxima wrote:
Tue Jan 08, 2019 7:43 pm
A typical balanced fund is 60/40. It is a hold it forever AA. No as aggressive as 100/0, not too conservative as 20/80.
I suspect between 50/50 and 60/40 will work for me long term.
by dknightd
Tue Jan 08, 2019 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why isn't an AA of 75/25 with a SWR 3.75% the standard??
Replies: 62
Views: 6875

Re: Why isn't an AA of 75/25 with a SWR 3.75% the standard??

50/50 does not look too bad. 75/25 might be better, but perhaps more uncomfortable. I wonder what the "optimal" is? I assume there is an optimal based on historical returns, and how long you expect to need the money. Likely none of those things will apply to me since history does not predict the fut...
by dknightd
Mon Jan 07, 2019 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10558

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Hi Everyone. I am recently engaged with a wedding planned for May 2020. I am 27 and my fiance is 28. My fiance and I have begun to start looking at our financial situations and set goals for the future. We both save a lot of money, but we save it in different ways. We both have good full time jobs ...
by dknightd
Mon Jan 07, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7435

Re: Safe withdrawal rate at 38 years old

Lets pretend your investments just keep up with inflation, and you live 60 more years.
Then your safe withdrawal rate is 1/60= 1.67% I would consider that very very conservative. But you never know!
by dknightd
Mon Jan 07, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7435

Re: Safe withdrawal rate at 38 years old

I’m looking at the possibility of selling my company for a large amount of money. My wife and I both own/operate it, so we would both be unemployed in this scenario. We would both find some other form of work, but likely at a much lower income level. For purposes of this question, I want to ignore ...